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AAPL Intraday Updates (Archive)
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John Molloy
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News, analysis, and actionable investing ideas.
NOVEMBER 22, 2010, 10:31 AM ET
INTC: Beware The Tablet Effect, Says FBRBy Tiernan Ray
Add FBR Capital?s Craig Berger to the list of folks warning of poor trends in the PC business. Eric, in his column over the weekend, noted the trend to recent low-balling of Q4 by Dell (DELL), and Autodesk (ADSK), as well as Chris Danely with JP Morgan warnings of Asian supply chain weakness.
But not just any weakness: tablets such as Apple?s (AAPL) iPad are cannibalizing the PC, writes Berger.
Berger this morning writes that his checks of the supply chain recently are ?slightly weaker? as concerns Q4 notebook PC builds than they were a month ago. For Intel (INTC), he thinks ?tepid? growth in notebook units and ?slight shrinkage? for desktops means the company will trend toward the lower end of its forecast for the quarter of $11 billion to $11.8 billion.
?The math on tablets is not good for PCs,? writes Berger. ?We think every two tablets sold is in place of a PC,? citing grandma, the person who just wants to read email. Berger sees Apple producing 40 million tablets in 2011, and Samsung (SSNLF), Research in Motion (RIMM) and others producing a combined 30 million, cannibalizing 28 million PCs.
Adam, if you could, would you mind adding links back to the original articles? Firstly because it’s polite and stops people from taking umbrage at their working being posted and secondly there might be ancillary stuff around it that is worth a look too.
Thank you.
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Apple fangirl Oprah sent her audience jumping up and down with free iPads this Christmas. As it turns out, the iPad is her favorite thing. Read here. This is something I hoped for/predicted last April/May.
You got an iPad! You got an iPad! You got an iPad!
[ Edited: 22 November 2010 12:49 PM by ByeTMO ] -
News, analysis, and actionable investing ideas.
NOVEMBER 22, 2010, 10:31 AM ET
INTC: Beware The Tablet Effect, Says FBRBy Tiernan Ray
Add FBR Capital?s Craig Berger to the list of folks warning of poor trends in the PC business. Eric, in his column over the weekend, noted the trend to recent low-balling of Q4 by Dell (DELL), and Autodesk (ADSK), as well as Chris Danely with JP Morgan warnings of Asian supply chain weakness.
But not just any weakness: tablets such as Apple?s (AAPL) iPad are cannibalizing the PC, writes Berger.
Berger this morning writes that his checks of the supply chain recently are ?slightly weaker? as concerns Q4 notebook PC builds than they were a month ago. For Intel (INTC), he thinks ?tepid? growth in notebook units and ?slight shrinkage? for desktops means the company will trend toward the lower end of its forecast for the quarter of $11 billion to $11.8 billion.
?The math on tablets is not good for PCs,? writes Berger. ?We think every two tablets sold is in place of a PC,? citing grandma, the person who just wants to read email. Berger sees Apple producing 40 million tablets in 2011, and Samsung (SSNLF), Research in Motion (RIMM) and others producing a combined 30 million, cannibalizing 28 million PCs.
Adam, if you could, would you mind adding links back to the original articles? Firstly because it’s polite and stops people from taking umbrage at their working being posted and secondly there might be ancillary stuff around it that is worth a look too.
Thank you.
No problem. Didn’t realize it was impolite. Will post all links going forward.
adsfadsfsadf
Please learn how to shorten links, I’ll give you a dollar!
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Diamond Back Capital, LLC with $5B under management is getting raided for insider trading.
People are on witch hunts to pacify the masses.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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4.2 is now available in iTunes
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In Yosemite one year there was one thing I learned. There is no mistaking the smell left in the air by a terrified bear. Once you sniff it you will never forget it. :eg:
EDIT: At 10 min. before the close…..there’s that SMELL again!
[ Edited: 22 November 2010 05:50 PM by zulu ] -
The selloff seems to be contained, at least for now whilst indexes seem to have found support paring losses. Banks are being squashed as financials take a hit after news of what looks like a far-reaching insider-trade probe. At the same time, woes persist over Euro-zone PIIGS debt including Ireland?s bailout plan and future problems with Portugal and Spain.
The Euro took a dip and the dollar is up again, all contributing to keep the stock market under pressure. Tech was the bright side as AAPL, AMZN, CREE, INTC amongst others rally before tonight?s earning announcements after the bell, highlighted by HPQ also up.
USDX 78.78 up 0.24%. Euro down at 1.36.14 down -0.42%. FXE down -0.54%. Japanese Yen 1.2011 up 0.27%.
DJI at 11151.79 losing -51.46 points down -0.45%
SPX at 1195.22 down -0.37%
NDX at 2143.42 up 0.37%
XLF down -1.68% with BAC down -3.50%, JPM down -2.67%, C down -2.52%.
AAPL at $310.85 up 1.34%. On a strong showing after the launch of IOS 4.2 AAPL is the star of the day.
It should be worse and we could be with the three-digit losses at the DJI from earlier. Oversold condition of indexes is helping. Watch the close for clues on direction tomorrow that will have several important economic data releases.
Tuesday will start with The Commerce Department releasing GDP - Second Estimate and GDP Deflator - Second Estimate at 8:30 AM followed by the National Association of Realtors releasing existing-home sales data for October at 10:00 AM. At 2:00 PM Minutes of the FOMC Meeting.
Now for an interesting closing. Maybe players are foreseeing a better (or fairer) trading environment with the current investigations on market manipulation, or this is not what insider trading is all about?
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Diamond Back Capital, LLC with $5B under management is getting raided for insider trading.
People are on witch hunts to pacify the masses.
“The Masses”? Really? The masses don’t have a clue as to how they’re getting the short end of the stick in the markets. They certainly aren’t calling for investigations into insider trading. Speaking of “insider trading” how about all the dillholes in Congress and their staffers that act on Insider info all the time? Now there is some real insider trading.
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Nice late day action…311.35 and climbing.
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AAPL: to boldly go where no stock has gone before
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Diamond Back Capital, LLC with $5B under management is getting raided for insider trading.
People are on witch hunts to pacify the masses.
“The Masses”? Really? The masses don’t have a clue as to how they’re getting the short end of the stick in the markets. They certainly aren’t calling for investigations into insider trading. Speaking of “insider trading” how about all the dillholes in Congress and their staffers that act on Insider info all the time? Now there is some real insider trading.
Economic illiteracy is rampant. Elsewhere I’m debating with a guy who believes my tax rate should be 68% and who is blissfully unaware of how such a tax rate would hurt the very people he wants to help the most.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Could NOT resist!!
This is just the beginning!!
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Could NOT resist!!
This is just the beginning!!
Feel the same way, got a little longer this morning! Nice close there. Oprah-effect?, who knows but I’ll take it.
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Could NOT resist!!
This is just the beginning!!
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I don’t mind being wrong…,I just hate being wrong so FAST!
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I sold some AAPL EOD. Thanks, Mr. Market.
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Definitely not the Oprah effect. I believe it to be the SPONGE effect actually!
