MGI Researchsubmits: Whether a real recession hits the US and spreads to the global economy or the US economy simply slows down in 2008, all software companies - enterprise-license oriented and software-as-a-service (SaaS) on-demand vendors alike will see a meaningful impact in terms of license revenue growth and maintenance renewals.Complete Story »
The Garmin Nuvi 660is another fun gadget for the frequent traveler. Like its predecessor, the Garmin Nuvi 350, it features solidly performing navigation tools, travel guides, and multimedia capabilities. However, the newer model also offers integrated Bluetooth and a larger screen.Complete Story »
Shares of Imax (IMAX) surged Friday after it announced it had reached a deal with AMC to install 100 Imax screens in AMC's theatres by 2010.Complete Story »
Seth Gilbertsubmits:Blockbuster (BBI) hasn?t been able to derail Netflix (NFLX)but could the U.S. Post Office? That was a question that popped upearlier this week after results of a November audit by the Postal InspectorGeneral began to circulate in the wider press, and more narrowly from ablog posting on Wiredthat sounded an alarm but left out important details. The details tell a different story. Fear not.Complete Story »
One month ahead of the MacWorld Expo, rumors are building that Apple (AAPL)plans to announce both an ultraportable laptop and a 3G iPhone.Complete Story »
Zachary Scheidtsubmits: Blue Nile?s stock (NILE) initially traded higher after reporting Q3 numbers at the beginning of November. While revenues were a bit disappointing (only meeting analysts' expectations), earnings were above estimates and 64% above the earnings from Q3 of 2006. Management was very upbeat on the conference calland even increased their 2007 guidance for both sales and earnings. Management now expects sales of $109 to 115m for Q4 and earnings of $0.40-0.45 leaving us with a full year 2007 number of $1.00 to $1.05.Complete Story »
Notable Callssubmits: Jefferies is positive on the Solar space this AM saying they believe that Suntech (NYSE:STP)is well positioned to rapidly accelerate cell and module production. Suntech recently announced a bolt to 1 GW of capacity by the end of 2008, two years ahead of plan. Over the next two years, the firm sees the company's cost structure benefiting from the introduction of higher efficiency solar cells, a transition to lower cost wafers through longer-term contracts, and declining market prices (particularly in 2009). Moreover, this could allow STP to absorb rapid module price declines while still maintaining margins?a scenario they have built into their forecast and EPS estimates for 2009.Suntech has approximately $588 million in cash and positive operating cash flow, as well as very low capex costs per watt and a solid history of ramping production well ahead of expectations. Improved polysilicon supply relationships have muted concerns about raw material requirements somewhat.They believe that investors may narrow the trading-multiple discount STP receives (25x) compared with SunPower Corporation (SPWR, Buy) (39x) on 2009 Street estimates, given Suntech's similar earnings growth pattern and declining risk profile as it relates to silicon as well as recognition of its potential to maintain margins in a declining price environment. STP's new price target is $108 vs $76 earlier.Notablecalls:Note that Jeffco is also upping their rating on Sunpower (SPWR)to a Buy from Hold with a $170 target (vs $125). They may serve as a ultra short-term catalyst for the group, including STP. Please note that Jeffco has factored a 15% ASP decline for cells and modules in FY2009 and FY2010 into their estimates. Yet, they remain bullish on the space.Complete Story »
