Jon Rubinstein’s appointment as Palm CEO was well received by investors. Clearly, the Pre father’s background at Apple and his recent efforts to rebuild Palm around a new and competitive operating system–the OS the company should have had two years ago–have convinced Wall Street that he’s the guy to bring back the company’s long-lost edge.
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Apple has $29 billion in cash, no debt, a 36 percent gross margin, and it’s on the cusp of another iPhone ugrade cycle. Little wonder, then, that analysts are raising their target prices on the company’s stock. Among those doing so today: Morgan Stanley’s Kathryn Huberty, who says “Apple is emerging as the clear leader in the battle over the mobile Internet.”
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If Global Equities Research analyst Trip Chowdhry is right, Google’s latest 10-Q is more prophecy than financial guidance, more foreknowledge than forecasting. In a dismal research note issued this week, Chowdhry suggests Google is headed for a two-year revenue contraction, one that could force the company to sack as much as 15 percent of its staff.
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