Techquity: Facebook phones Home, another "buy" for Apple
Thursday, April 04, 2013 - 03:35
Apr 4 - Facebook reveals its latest smartphone app called Home, while another analyst puts a ''buy'' rating on Apple.
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It's not a phone or operating system so what is FaceBook announcing. Home. Mark Zuckerberg took the stage and build -- whole family maps for the android operating system the idea is to integrate the social network more completely. Into users' Smartphones. Since home is the lock screen in addition to the screen you don't do any swipes -- gestures in order to appeal to see this content. And since and it's all right there is here. Because you've already looked almost content in the background lawyer honestly. The app package will be available as a download from the Google placed in a while for what FaceBook calls a wide range of android devices. The capsule come preinstalled on HTC's new phones called first but also -- people -- for just under 100 bucks at AT&T stores. After the stock which is up about 2% today it is following its 2013 pattern when it comes to announcements. It rose in anticipation is January 15 event where debuted its social graphs search feature. Then drop before regaining ground as investors focused on its quarterly results released January 30. The stop also headed higher starting march 1 as face but he's a march 7 event where premiere of the new. Look sports news feed including greater focus on photos shares lost ground after that. If climbed in anticipation of this event to know what was known about today's announcement so. Maybe -- the whole. Quick what kind of company is apple phone maker computer company would you -- storage company. That's how was our analyst Ed Parker sees Apple's court and he likes what he sees single worst is. Behind apple and it's time to buy the stock he argues that apple makes a lot of money by getting consumers to pay opt for more storage on iphones and ipads. Incremental margins for Flash Memory run as high as 90%. Users need to stores because apple encourages them stored data locally on the device. Parker started coverage with a 540 dollar price target implying 26% upside stock is down one half percent today. And now consumers can get a price break on that -- best -- just cut prices and iPad three tablets by 30%. And Wal-Mart -- 9% off the iPad -- could be assigned an apples and announce some new models. Best by offering deals apple products and may soon have more deals on Samsung products as well. The Korean company is planning to install brand shops in more than 14100 best buy locations this year. The Samsung experience shops will showcase the entire range of the manufactures mobile products. Including Smartphones tablets laptops connected cameras and accessories. Investors liked the idea best buy shares are up 13%. And touching a 52 week high. Now let's look at a couple other movers starting with finished our. Let's start raising the network equipment maker to buy from neutral saying will benefit from large data center operates by the likes of apple and Amazon. Shares up 5% and sputtering is -- The maker of testing products for Telecom networks says yes to restate results for the past three years to correct a revenue recognition there that stock. Is down 8%. And -- equity this Thursday remember you can follow us on Twitter and RT RS to equity. I'm Fred Katayama this is what.
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