“UBS analyst Maynard Um today launched coverage of the PC sector, setting a Buy rating on Apple (AAPL) and Neutral ratings on Dell (DELL) and Hewlett-Packard (HPQ),” Eric Savitz blogs for Barron’s.
“Um takes over coverage of the stocks from Ben Reitzes, who now covers the sector for Lehman,” Savitz reports.
Um has a ‘Buy’ rating on AAPL, Savitz reports, “with $195 price target. Um says he expects new Macs, new iPhone colors, and potentially new iPods early in the second half of the calendar year. He says a new ultra-portable Mac and a new iPhone are coming in the first half of ‘09. Um says that the beat and raise story is ‘still intact’ and that gross margin guidance for FY 2009 may prove conservative. He sees profits of $6.09 a share in the September 2009 fiscal year, and $7.25 in FY 2010.”
Full article, in which Um “contends Dell will enter the smartphone market within 6-12 months,” here.
If what Um contends is true and Dell’s planning to call whatever mess they cobble together a “smartphone,” then even the term “geniusphone” would be an outright insult to Apple’s iPhone.
Instead of contemplating dead-on-arrival “smartphones” and “iPod killers” – not to mention flooding Wal-Marts with low margin, OS-limited PCs – what Mikey Dell really ought to do is simple: Shut it down and give the money back to the shareholders.
did you know that flounder are related to fluke? and they are both bottom feeders. years from now we will look back on Dell as a fluke, after many years of floundering at the bottom.
Sorry, all I hear is how Apple will have anti-gravity and transporters available by early next year so analyst can “PUMP and DUMP” more Apple stock.
Hey, got to buy the kids Xmas gifts, right.???
Just a thought.
His last name is Um? Seriously?!?! There this guy must have be REALLY smart because there is almost no way he could have made it out of middle school alive.
with a first name like maynard my feeling is he is descended from German or other northern european stock, and is likely a big fellow… don’t feel sorry for him – he makes lots of money now to pay for the therapists he needs.
Dell??? A smartphone from Dell??? I can already predict Jim Cramer will crush it in his Mad Money show
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I don’t get the feeling that Um is going to be one of the better APPL analysts.
If they need Enderle to help them with an iPod-killer, can you imagine a smartphone from Dell?
Dell will enter the smartphone market within 6-12 months.
Dell will also exit the smartphone market within 6-12 months.
iCal worthy if anything ever was.
dell is going to join motorola and bring out some bamboo eco friendly but not user friendly phone
Dello? Dello? Dello?? Enderle said this thing would work!
A Dell smartphone???? That’s an oxymoron.
-Yawn-
Hey MDN Person — phoning it in today, hm?
No worries, we still love you.
steve516,
You know what they say: “You can’t tuna fish”.
Hmm. That doesn’t make any sense. Oh, well.
@HMCIV,
“His last name is Um? Seriously?!?! There this guy must have be REALLY smart because there is almost no way he could have made it out of middle school alive.”
Either that or he’s a really big dude.
UBS (formally called the Union Bank of Switzerland) has its HQs in Zurich and Basel. Likely that Maynard Um is indeed a big tough Swiss dude who probably didn’t get beat up much.
um . . . .
ummmm, i thought all the swiss were women….?
Enderle and Dell will be found, comatose, each with smoking guns in their right hands. Hovering above, still drooling, will be Jim Cramer- handcuffed, muttering unintelligently as Paris Hilton taunts some paps outside with her new line of perfume- “Hotter Than Thou.”
If he is Swiss … that would explain why his report was cheesy and full of holes.
Not that I really think that, I just thought it was within six degrees of being funny.
MDN magic word “general” is somewhat germane as it has now appeared for the 3rd time this week and is starting to look a bit weary.