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• Apple's stock market effect

  Posted Jun 09 2008, 01:02 PM by Kim Peterson
  Filed under: Google, Apple, eBay, Garmin, Research in Motion, wireless, AT&T
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  Why were Apple shares down Monday, with all the big iPhone news? Chalk it up to the typical storm of hype that surrounds Apple announcement. Expectations ratchet up so high that CEO Steve Jobs would have to juggle 10 iPhones on one foot to impress investors.

  Apple stock was weak all day, but recovered in the final hour of trading. It closed down 2.2% on heavy volume to $181.61. Here's how Apple's news affected other stocks:   Read More...

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• Apple's big iPhone news

  Posted Jun 09 2008, 10:51 AM by Kim Peterson
  Filed under: Apple, Garmin, wireless, Kim Peterson
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  The iPhone is nearly a year old, and with only 6 million sold Apple isn't close to its goal of selling 10 million this year. That's about to change, because the iPhone is getting an upgrade.

  And I'm not talking about just the phone itself. Apple's building a universe of applications, games and other features that could be just as important. The company is again setting a new standard for cell phones. 

  Another selling point: Apple is dropping the iPhone's price to $200 for an 8GB model and $300 for a 16GB version. But the biggest news of the day is a new iPhone that runs on 3G technology, which makes Web browsing much faster. The phones also have built-in GPS, which is sending Garmin shares down 5% so far. The new iPhone is due out July 11.   Read More...

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• Consumer electronics disaster ahead, analyst predicts

  Posted Mar 13 2008, 11:02 AM by Kim Peterson
  Filed under: Apple, Garmin, wireless
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  Jonathan Goldberg seems like a glass-half-empty kinda guy. The Deutsche Bank analyst has been checking in with retailers for weeks about consumer electronics sales, and many companies told him they "have yet to see an impact" in earnings from any economic slowdown.

  Sounds great, right? Nope, Goldberg interprets that to mean the worst is yet to come. "The increase in gas prices and difficulties in home financing will have to reduce consumer spending, and as this becomes apparent to companies we will face a round of missed quarters and lowered guidance," he wrote in a note to investors.

  Goldberg cut price targets today on four companies: GPS device maker Garmin, wireless chipmaker Atheros, wireless networking hardware maker Netgear and mobile content maker Glu Mobile. Shares of all four companies are down today, and Glu Mobile seeing the worst drop of nearly 9%.   Read More...

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