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Techquity: Apple cuts, happy tune for Amazon

Tuesday, April 16, 2013 - 03:02

April 16 - Three analysts cut price targets for Apple while Amazon gains ground in the music business.

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Show me the money. That's an apple analysts are expecting from the company what -- reports quarterly results next Tuesday. -- on pipers have raised the dividend hike while people thinks apple opt for a larger share buyback instead. All three sticking with their buy ratings but trimming their price target Piper Jaffray cut its target the most. But it remains the most optimistic at 688 dollars while diesel is at least positive at 550. Which is still 30% upside from current levels. All three also reducing their expectations for Apple's results for the first half 2013. Partly due to lower sales of the iPhone. Piper Jaffray -- predicting apple come out with a lower priced iPhone in September which wore her iPhone sales even more. Shares are rebounding along with a market of about 1% today. Apple also dealing with increased competition in the music field. New data from research firm and TV shows its share of digital music downloads fell slightly in the fourth quarter vs a year earlier. Amazon gaining ground now grabbing more than 20% of the market as it makes a bigger portion of music by offering. Cut rate pricing on albums and allowing users to play -- and a variety of devices. Amazon shares up nearly 2% today. Amazon is getting a challenge from mr. softy Microsoft is slashing prices much is. 33%. And match Amazon's lower prices for cloud computing services in the business of running out computing power stored on servers is a growing business for Microsoft. But developers they fought for Amazon. A survey by Forrester Research last year found that more than 70% of -- developers use Amazon's platform less than 30% use Microsoft. Microsoft shares up 1% to 829 books. Our best of the rest today Hewlett-Packard. Trying to add some possessed its product lines a feature that looks like it's straight out of Hollywood. It is incorporated motion control technology from -- motion. With a swipe of a hand or by making a writing motion in the air uses can play games or draw on the monitor screen. The company's technology sure you're working with it Apple Computer. Lee makes sensors that are about the size of a pack of gum which tracked movements initially. Monitors will be shipped with HP computers but eventually will be embedded directly into the devices. She is HP up close to 2% today. Sorting is -- time our look at movers story is X corporation. The email encryption firms settled a patent infringement lawsuit brought against terms were not disclosed shares up 7% inspiring is next year. The network equipment maker estimated first quarter earnings and sales well below expectations. Shares down 7%. That's equity this Tuesday remember you can follow us on Twitter RT are aesthetically. I'm Fred Katayama and this is --

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Techquity: Apple cuts, happy tune for Amazon

Tuesday, April 16, 2013 - 03:02