“In a note to clients issued early Friday, Oppenheimer’s Yair Reiner addresses the yawning disconnect between Apple’s (AAPL) fundamentals — the underlying strength of its business — and its share price,” Philip Elmer-DeWitt reports for Fortune. “‘Apple’s stock has performed admirably this year (up 37% YTD),’ he writes, ‘but it has significantly lagged the improvement in the company’s fundamentals, which have driven FY10 consensus EPS estimates up by 75% since January.'”
P.E.D. reports, “Reiner has raised his iPhone and iPad unit sales estimates (to 12 million and 4.5 million, respectively) as well as his Apple price target (to $345 from $330) and is advising clients to buy the stock in advance of the company’s Oct. 18 earnings report. Apple, he says, is ‘not too big to blow it out.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
silverhawk, breeze
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Yeah Adobe had better wise up quickly. Perhaps they should ask Avid how their partnership and alliance with MS against Apple in the postproduction industry went for them….
MS comes out of these alliances mostly unscathed, their “partners” almost never fair well however. In the last 10 years (in the era of ballmer) I can’t think of one that worked very well for the “partner”.
I think ballmers idea of a partnership is wine em , dine em and woo them till he gets them into to his car. Then hold them down, whip out the Vaseline and afterwards dump them in an alley somewhere.
It’s hard to make good alliances when the qualifying factor is:
Be my enemy’s enemy.
It’s hard to make good alliances when the qualifying factor is:
Be my enemy’s enemy.
All time intraday high: Friday, Sep 24, 2010 $293.53
All time high at closing: Friday, Sep 24, 2010 $292.32
All time intraday high: Friday, Sep 24, 2010 $293.53
All time high at closing: Friday, Sep 24, 2010 $292.32