“Apple Computer (AAPL) earnings forecast was raised by Bear Stearns to $2.25 a share from $2.10 due to evidence that hard drive-based iPod sales won’t see the normal seasonal weakness during the quarter ending March,” CBS MarketWatch reports.
“Synaptics (SYNA) , which makes the ‘click-wheel’ technology behind Apple Computer’s iPod music player, rose $5.94, or nearly 20 percent, to $36.07 after reporting better-than-expected results on Thursday. Synaptics also was confident about prospects for the current quarter due to increased sales in the digital music market,” CBS MarketWatch reports. “Apple (AAPL) also got a boost, rising 74 cents to $71.20. Before the bell, Bear Stearns analyst Andy Neff raised his price target on Apple to $97 a share from $87, due to strong reports from iPod component makers such as Synaptics.”
Full article here.
MacDailyNews Note: Apple is currently trading up $0.56 at $71.02.
MacDailyNews Take: Some of these “iPod Killer” also-ran companies are soon going be joining their failed “iTunes killer” cohorts up the iRiver without a paddle.