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Seeking Alpha (Free subscription) | yesterday
Eric Savitz (Barron's) submits: Avnet (AVT) CEO Roy Vallee said the company saw a split in its results for the fiscal fourth quarter ended June , with strength in the components business, but softness in the IT sector. Avnet is a distributor with two primary business segments: it sells semiconductors and other parts to electronics manufacturers, and it sell servers, storage systems and...
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SeekingAlpha Software Stocks (Free subscription) | yesterday
Eric Savitz (Barron's) submits: The Street was clearly not impressed with last night’s Q2 report from NetSuite (N) (see earnings call transcript ). Hit with a pair of downgrades this morning, the stock today is taking it on the chin. Credit Suisse analyst Philip Winslow cut his rating on the stock to Neutral from Outperform, chopping his price target to $19 from $25. “Although EPS exceeded...
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Seeking Alpha (Free subscription) | yesterday
Eric Savitz (Barron's) submits: Qwest (Q) CEO Ed Miller says the company’s migration of its wireless service offering to Verizon (VZ) is going smoothly. Qwest is switching from selling a Qwest-branded wireless service in which it resold service from Sprint (S) to a co-branded offering from Verizon; the company started rolling out its new Verizon by Qwest wireless service 2 weeks ago....
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Seeking Alpha (Free subscription) | yesterday
Eric Savitz (Barron's) submits: Would Yahoo (YHOO) chairman Roy Bostock and some of his fellow directors actually have lost their board seats if the voted had been counted correctly? That question is being raised this afternoon by Mithras Capital, an investment firm which owns 1.7 million Yahoo shares. Mithras issued a press release calling for an investigation into voting irregularities...
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Voices - All Things Digital (Free subscription) | 5 hours ago
By Eric Savitz, Blogger and Columnist, Barron\'s, Tech Trader Daily Apparently, even in a recession, you gotta have satellite TV–especially if it’s your ONLY TV service, as in rural parts of the U.S. and South America. DirecTV (DTV) this morning announced sales for its second quarter that beat expectations, and profit that was in line, helped by higher subscriber additions in Latin America....
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Seeking Alpha (Free subscription) | 08/05/2008
Eric Savitz (Barron's) submits: In a post- earnings conference call, Cisco Systems (CSCO) CEO John Chambers said the company is still confident in its long-term growth forecast of 12%-17%. He also said the current economic challenges “will remain with us” for a few quarter. For the fiscal first quarter, the company sees revenue growth of about 8%. That implies revenue of $10.31 billion,...
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Seeking Alpha (Free subscription) | 08/05/2008
Eric Savitz (Barron's) submits: PC unit growth is headed for a slowdown. At least, that’s what Lehman chip analyst Romit Shah thinks. He says that means slowing demand for hard drives. Ergo, Shah today cut his rating on LSI (LSI) and trimmed his EPS estimates and target for Marvell (MRVL). “We believe PCs have been one of the best end markets over the last year but recent analysis of...
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Voices - All Things Digital (Free subscription) | 21 hours ago
By Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily Apple (AAPL) is likely to hold a special event in early September to unveil new iPods and redesigned Mac portables, according to Piper Jaffray analyst Gene Munster. In a research note, he points out that Apple has held a special event in early September in each of the last three years, in each case to launch new iPods....
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Earth2Tech (Free subscription) | 22 hours ago
... saw its shares drop 3.7 percent to close at $4.22. To make matter worse, yesterday Barron’s Eric Savitz reported that Pacific Crest analyst Mark Bachman says Akeena is having quality issues with some of its Andalay solar products. “Some panels are being returned to Akeena, depending on the severity of the defect,” and the issues supposedly “involved the frame, and not the performance...
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Voices - All Things Digital (Free subscription) | 23 hours ago
By Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily The Wall Street Journal whipped up a speculative frenzy yesterday with a story that said Dish Network (DISH) CEO Charlie Ergun was thinking about making a new attempt to merge his company with DirecTV (DTV), potentially creating a monopoly in satellite television services. This idea has cropped up repeatedly in the last...
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Voices - All Things Digital (Free subscription) | yesterday
By Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily Qwest (Q) CEO Ed Mueller says the company’s migration of its wireless service offering to Verizon (VZ) is going smoothly. Qwest is switching from selling a Qwest-branded wireless service in which it resold service from Sprint (S) to a co-branded offering from Verizon; the company started rolling out its new Verizon by...
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Voices - All Things Digital (Free subscription) | yesterday
By Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily Cisco Systems (CSCO) CEO John Chambers said in an interview on CNBC that the company is not currently in any negotiations for a large acquisition, Reuters reports. The comment came in response to a question about whether the company might be in talks to acquire enterprise storage giant EMC (EMC). Read the rest of this...
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Seeking Alpha (Free subscription) | 08/04/2008
Eric Savitz (Barron's) submits: In a stunning ruling that has huge implications for the cable industry, the U.S. Court of Appeals in New York has cleared the way for Cablevision (CVC) to offer so called “network DVRs,” in which consumers would be able to record video programming for future viewing “in the cloud,” rather than relying on hard-drive in their set-top boxes. The Court of...
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Voices - All Things Digital (Free subscription) | yesterday
By Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily Not a very encouraging quarter for Sprint-Nextel (S). The telecom giant posted Q3 revenue of $9.1 billion, with a loss of 12 cents a share; the Street had expected $9.2 million and a profit of 3 cents. The company did say that adjusted EPS, which excludes special items and non-cash amortization, was a positive 6 cents....
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Seeking Alpha (Free subscription) | 08/04/2008
Eric Savitz (Barron's) submits: DISH Network (DISH) shares dropped sharply this morning after the satellite TV company reported some disturbing subscriber data for Q2. For the quarter, the company posted revenue of $2.91 billion, right in line with expectations, and profits of 75 cents a share, nicely above the Street consensus at 60 cents. Complete Story »
