Ticonderoga: Amazon’s Kindle Fire is ‘hardly an iPad killer’

By on September 28, 2011 at 4:00 PM.

Ticonderoga: Amazon’s Kindle Fire is ‘hardly an iPad killer’

Amazon on Wednesday unveiled the tablet the tech world has been waiting months to see: the Amazon Kindle Fire. We covered Amazon’s press conference live and went hands-on with the Kindle Fire as well, and our initial impressions are relatively positive. The sleek slate is portable, it’s affordable and it offers deep integration with all of the Amazon services we know and love. At the same time, the Kindle Fire could easily be caught in no man’s land. Despite the buzz on various tech blogs over the past few weeks, Ticonderoga Securities analyst Brian White says the Amazon Kindle Fire is most definitely not an “iPad killer.” In fact, as BGR Editor-in-chief Jonathan Geller suggested during an appearance on CNBC on Wednesday afternoon, Amazon’s new tablet might not even really be an iPad competitor at all. Read on for more. More →

113 Comments

New CEO Whitman happy with HP’s current strategy despite investor unrest

By on September 23, 2011 at 3:45 PM.

New CEO Whitman happy with HP’s current strategy despite investor unrest

Meg Whitman may have assumed the role of CEO with HP on Thursday after Leo Apotheker was ousted, but that does not mean the company’s plans to kill of its webOS operating system, possibly spin off its PC business and purchase Autonomy are going to change. “It does not signal a change in the strategy,” Whitman explained to Bloomberg on Thursday. “We are behind the actions that were taken on Aug. 18. We are firmly committed to Autonomy.” Still, Whitman’s appointment has pumped a bit of new faith into the market. “Although there could still be curve balls around these planned initiatives, we believe the company is now in better hands to deliver the consistency that investors deserve,” Ticonderoga Securities analyst Brian White said in a note to investors on Friday. Other analysts aren’t so sure Whitman is the driving force HP needs. “The board isn’t going to change the strategy and is going to continue down this path, which frankly was the fear,” Deutsche Bank analyst Chris Whitmore told Bloomberg. More →

26 Comments

Apple to launch new MacBook Air models in China

By on August 26, 2011 at 8:10 AM.

Apple to launch new MacBook Air models in China

Apple is preparing to finally launch its mid-2011 MacBook Air models in the coming weeks according to checks performed by Ticonderoga Securities. In a note to investors on Friday morning, Ticonderoga’s Brian White recounts channel checks indicating Apple’s authorized resellers in the greater China region are set to begin receiving mid-2011 MacBook Air models as soon as next week. The analyst believes the imminent launch could be a big hit for Apple due to the growing popularity of Apple products in China, as well as the increasing number of consumers who can afford to own a PC. White also notes that “there is no laptop product on the market with the characteristics of the new MacBook Air,” which is likely to draw considerable attention. Apple’s new notebooks launched in Hong Kong over this past week, and White says the launch was met with big demand, and consumers there are also still clamoring for the iPhone 4 and iPad 2. Read on for more. More →

11 Comments

Ticonderoga: 'Exit this highway to Dell' before it's too late

By on August 19, 2011 at 2:30 PM.

Ticonderoga: 'Exit this highway to Dell' before it's too late

Dell delivered second-quarter earnings on Wednesday that beat the Street’s estimates, reporting net profits of $890 million, or $0.05 per share above analysts’ consensus. The world’s No.2 PC vendor missed revenue estimates however, and it slashed guidance for the remainder of 2011. In a note to investors on Friday, Ticonderoga Securities analyst Brian White told clients to head for the hills and “exit this highway to Dell” before trends get worse. “Despite the transformation of Dell’s portfolio that we believe will ultimately have a long-term positive impact on the company, we cannot overlook Dell’s high exposure to the public and consumer markets in a period of growing austerity programs and weakening consumer demand,” White wrote. “At the same time, we have concerns regarding Dell’s surging operating expenses as the company invests in new businesses that we believe will result in incrementally higher operating leverage in a tough environment and could cut more deeply into profits versus the last downturn.” White dropped his rating on Dell stock to Sell, setting a new 12-month price target of $9.25. More thoughts from White follow below. More →

20 Comments