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Palm, Inc. (NASDAQ: PALM) has sort of already fallen from grace despite all the hype behind the Palm Pre. Throw in that Pixi too. Discounting is trumping what may be weaker sales. It turns out that Amazon.com (NASDAQ: AMZN) is offering the Palm Pre for Sprint for a mere $79.99. Sprint Nextel (NYSE: S) has it offered direct at $149.99 price after discounts and rebates at its site. Sprint Nextel is also selling the Palm Pixi for $99.99, but the Palm Pixi is now for sale for $24.99 at Wal-Mart Stores (NYSE: WMT). We confirmed all these prices on the websites, and this is going to confirm tough times for Palm and its finances.
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Posts related to ‘Wireless’
The Palm Margin Squeeze (PALM, S, AMZN, WMT)
Wal-Mart (WMT) Give RIM (RIMM) A Hand
RIM (NASDAQ:RIMM) has been under seige these last few weeks. Investors are concerned that the Blackberry maker is losing market share to the Apple (NASDAQ:AAPL) iPhone and a new group of handsets using the Google (NASDAQ:GOOG) Android mobile operating system. Motorola (NYSE:MOT) launched its Droid just last week.
RIM shareholders are also nervous the Palm (NASDAQ:PALM) Pre sales could take a very modest but still damaging piece of the Blackberry market.
Wal-Mart (NYSE:WMT) means to help save RIM. Read More
Clearwire Shows Earnings & Financing Hand (CLWR, S, CMCSA, TWC, DRWI)
Investors are getting a look at why Clearwire Corporation (NASDAQ: CLWR) announced that it was getting new partner financing ahead of its quarterly earnings report. The wireless broadband services provider did show a gain in revenue to $68.8 million, up 13% from the $60.8 million a year ago and up from $63.59 million just in the June quarter. Thomson Reuters had revenue estimates at just over $66.6 million. The net loss of -$0.43 EPS was in-line with estimates. Sprint Nextel Corp. (NYSE: S), Comcast Corporation (NASDAQ: CMCSA), and Time Warner Cable Inc. (NYSE: TWC), its strategic partners, are set to expand selling efforts in 4G areas. Today’s news also has implications for DragonWave Inc. (NASDAQ: DRWI).
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Motorola (MOT) Droid Visits Manhattan
By Douglas A. McIntyre
Some pieces of news are worth mentioning only in passing because they are interesting, but may not mean a thing. CNET says that over 100 people lined up at midnight to be early buyers of the new Motorola (NYSE:MOT) Droid handset at a Verizon (NYSE:VZ) store in Manhattan. The store in Herald Square had 500 phones in stock to meet the early demand.
The Droid is Motorola’s answer to the Apple (NASDAQ:AAPL) iPhone and Palm (NASDAQ:PALM) Pre.
Time For T-Mobil To Be Sold To Sprint (S)
T-Mobile, the Deutsche Telekom-owned cellular carrier in America, is a failure and an abject one at that. The firm lost 77,000 subscribers in the third quarter. Most analysts blame the attrition on a poor line-up of handset products and tremendous competition from Verizon Wireless (NYSE:VZ)(NYSE:VOD) and AT&T (NYSE:T). Each of the two larger companies added over one million customers in the quarter ending September 30.
T-Mobile has 33.4 million customers in the US and its chances of doing well as the No.4 firm in its sector are fading to nothing. Read More
Another Win For Apple (AAPL): The Touchscreen
It is getting harder and harder to find any flaws in Apple’s (NASDAQ:AAPL) businesses. The company’s shares trade at $190, very near their all-time high. Analysts expect record results from the company for the calendar fourth quarter as holiday shoppers drive better-than-usual sales of iPods, Macs, and iPhones.
comScore (NASDAQ:SCOR) released data that shows touchscreen smartphone sales up 159% from August 2008 to August 2009 when units sold hit 23.8 million. The growth was much greater than that for the total smartphone category which was up 63% in the US for the same period to 33.8 million units. Read More
Apple (AAPL) iPhone Sales In China Only 5,000 During First Weekend
China Unicom (NYSE:CHU) released its earnings yesterday and as part of its comments to investors it said it had only sold 5,000 iPhones since it started offering the handset.
China Unicom posted moderately good earnings. Its first three quarter’s financial statement said the big cellular company had revenue of 114,928 million RMB and 9,338 million RMB in net income.
Unicom Chairman Chang Xiaobing said more than 1 million 3G subscribers had been signed up and that the launch of Apple’s iPhone would boost revenue in the fourth quarter. The firm did not give any more specific forecasts. Read More
Low Demand For Apple (AAPL) iPhone In China
In the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple’s (NASDAQ:AAPL) retail stores when the consumer electronics wonder introduces a new product. The Chinese response to the introduction of the iPhone was muted.
The Wall Street Journal reports that iPhone sales in China may be slow, at least compared to those in the US. Among the reasons are a retail price that can be over $1,000 and the fact that two million iPhones has already been sold through unauthorized dealers. Read More
Handset Growth Expected To Surge With Apple (AAPL) Is The Lead
The global handset business has faltered due to the recession. Research firm Strategic Analytics says that worldwide handset sales fell to 291 million units in Q3 down from 304 million in the same period a year ago. But, the firm expects Q4 to be a period of improving sales compared to last year, and part of that improvement is likely to be driven by strong sales of Apple’s (NASDAQ:AAPL) iPhone. Read More
TeleNav Files For IPO, Maybe Too Late (TNAV, GOOG, GRMN, S, T)
If you watched any news this week about Google Inc. (NASDAQ: GOOG) launching a free personal navigation service on its Android phones, then you know it was a bad week for Garmin Ltd. (NASDAQ: GRMN). This wasn’t even really unknown news, although the timing caught many by surprise. And now most IPOs coming to market are getting sold and not bought. So if I were to tell you that a company called TeleNav, Inc. whose first line of their own description said “We are a leading provider of location-based services, or LBS, including voice guided navigation, on mobile phones” filed to come public via an Initial Public Offering the question is: what would you think?
If you can believe it, that is just what happened late Friday afternoon. No terms were issued, but TeleNav did say that it plans to sell up to $75 million for filing purposes. No exchange was listed and the company plans to trade under the stock ticker “TNAV” after the IPO.
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Is Google’s Navigation Launch A Category Killer? (GOOG, TRMB, GRMN)
Google Inc. (NASDAQ: GOOG) and its ‘new’ navigation via Google Maps Navigation is putting the hurt on the GPS competitors. Trimble Navigation (NASDAQ: TRMB) posted income of $15.6 million, a 60% drop, in its quarterly profits yesterday and revenue was down 18% to $269.7 million. Unfortunately, the guidance was under expectations. And shares are only down 0.2% at $21.25 after recovering from morning lows. Garmin Ltd. (NASDAQ: GRMN) is getting clipped far worse as the ‘launch’ from Google seems to be a direct assault on its model, and Garmin’s earnings are just a week away. Today’s only real shock may be in the timing of the launch.
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Credit & Equity Analyst Ratings Duel at Palm (PALM)
Palm Inc. (NASDAQ: PALM) has lost that massive stock surge that we saw for what felt like way too long throughout 2009. There are two key analyst calls that now may act as an analyst duel. One is yesterday’s BMO Capital Markets and the other is non other Standard & Poor’s. Throw in a high, but declining, short interest and the race is back on in Palm as to whether its future is made of shinola or made of something else in the notorious analogy.
Palm was weak yesterday and fell $0.90 to downgraded yesterday to $13.38 after BMO Capital Markets downgraded the stock to an “Underperform” rating from an already neutral “Market Perform” rating. BMO already took its sub-market target down to $10.00 from $11.00. BMO was concerned over Apple’s iPhone and R-I-M’s Blackberry competition, as well as what is coming down the pipe from Google’s Android phones. Yet this morning we have an upgrade on the corporate credit side of Palm from Standard & Poor’s.
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T-Mobile Offers Everything Free To Battle AT&T, Sprint, And Verizon
The T-Mobile US division of German telecom giant Deutsche Telekom (NYSE:DT) has run a distant fourth in cellular subscribers in America well behind AT&T (NYSE:T), Sprint (NYSE:S), and Verizon Wireless (NYSE:VZ)(NYSE:VOD).
T-Mobile means to close some of that gap between itself and its rivals, but it may start a price war in the process. Read More
Google’s (GOOG) Android Could Squeeze Out Apple (AAPL)
Nokia’s (NYSE:NOK) Symbian mobile operating system has dominated the handset software business for years. Microsoft’s mobile Windows has made some progress in picking up market share during the last decade, but its success has been very modest.
The operating systems which are part of the Apple (NASDAQ:AAPL) iPhone and RIM (NYSE:RIMM) Blackberry were almost instant successes because of the popularity of their handsets.
Among these four powerful mobile OS players there seemed to be no room for a fifth, and certainly not a fifth that could take any significant market share. Google’s (NASDAQ:GOOG) is in the process of proving that conventional wisdom wrong. Read More
Apple (AAPL) iPhone To Launch In China With 1,000 Stores
Apple (NASDAQ:AAPL) will launch the iPhone in China with China Unicom (NYSE:CHU) on October 30 with “1,000 points of sale,” according to a transcription of the company’s earnings call done by Seeking Alpha.
Apple commented on China Unicom’s plans. “They’ve announced the plans and prices that they’ll have for the device and for the service. There’s a very wide range here on the post-paid side from $18 a month all the way up to $85, $100 a month. At the higher price point an individual is able to actually get the device for free and it goes up as you go down the ARPU, as it would in most countries.” Read More
Sprint Finally Acquires iPCS (S, IPCS)
Sprint Nextel Corp. (NYSE: S) has finally figured a way to cure its affiliate lawsuits. The wireless operator is acquiring iPCS, Inc. (NASDAQ: IPCS) in a merger valued at approximately $831 million, including the assumption of $405 million of net debt. Sprint Nextel will commence a cash tender offer to acquire all iPCS common shares outstanding at $24.00 per share, what looks to be a 34% premium. Our take on this one is that it is about time.
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What If Apple (AAPL) Misses Earnings?
Wall St. believes that Apple (NASDAQ:AAPL) will make $1.42 a share for the quarter that just ended on $9.2 billion in revenue. Both figures would be well over 10% higher than a year ago. Apple would have to sell about of 2.9 million Macs, 10.5 million iPods and 6.9 million iPhones to hit those numbers.
Fulfilling those expectations will be a tall order. iPod sales dropped 7% in the June quarter. Mac sales were only up 4% to 2.6 million, and iPhone sales reached 5.2 million. Read More
DragonWave Debuts In U.S. Listing (DRWI, CLWR)
DragonWave Inc. (NASDAQ: DRWI) is not exactly a new company nor is it exactly an initial public offering. The stock has traded on the Toronto Stock Exchange under the ticker “DWI” since 2007. It has also been a very strong stock in the Canadian trading as it was under $2.00 at the start of 2009 and rose to over $10.00 (Canadian Dollars) recently. Today, will mark the initiation of the listing on NASDAQ.
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Apple (AAPL) iPhone May Get FM Tuner
The devilishly clever engineers at Apple (NASDAQ:AAPL) have apparently discovered another way to sell songs though the iTunes store.
Apple appears to be developing an FM tuner that will run on the iPhone and some iPod models. According to the site “9 to 5 Mac”, the new feature will allow Apple customers to click on a song that they are listening to on the radio and immediately buy it from the iTunes store. Read More
T-Mobile And Microsoft (NASDAQ:MSFT) Offer $100 Gift Card For Lost Data
Microsoft (NASDAQ:MSFT) and T-Mobile (NYSE:DT), who have managed to lose the personal data of thousands and thousands of customers who have the carrier’s SideKick product because of failures of Microsoft server software, are offering the people who lost their information a $100 gift card. That seems to be little better than adding insult to injury. Read More
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