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Stock Alert for Zagg Inc. (ZAGG)

Apple surprises again: Record Earnings, Revenue and Cash Flows

Is Apple leveraging LQMT Technology to Tap into ZAGG Opportunity?

Research In Motion sinks after Management Recognized Weaknesses

Stock Alert for Sky-mobi Ltd. (MOBI)

ZAGG keeps going – spurred by Patent Award and Investor Sentiment

Apple Shares wiggle ahead of Worldwide Developers Conference

Microsoft and Qualcomm’s Collaboration equals Mobile Computing Opp

Stock Review; what’s the Deal with RIMM?

ZAGG Soars on Robust Results and Bullish Outlook

Recent News

Financial Summary

Analyst Consensus

Technical Analysis

Comparative Analysis

Investment Highlights

Financial Summary

Analyst Consensus

Comparative Analysis

Jay Geller — Thu, 21 Jul 2011 06:27:49 +0000

ZAGG Inc. (ZAGG) engages in the design, manufacture and distribution of protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGskins, ZAGGbuds, ZAGGsparq and ZAGGmate. In June 2011, the Company acquired iFrogz, a privately owned company that develops and markets mobile device cases and audio products in the value-priced, lifestyle sector, with an emphasis on design and creativity. The invisibleSHIELD, ZAGG’s patented flagship product, is the original thin film full-body protector, and is available in more than 5,000 precision pre-cut designs with a lifetime replacement warranty. ZAGG products are available online at ZAGG.com and in most major retailers.

Share Statistics (20-July-11)			FY2009	FY2010	% Chg	Q12010	Q12011	% Chg
Symbol	ZAGG	Revenue, $Mn	38.36	76.14	98.5%	8.78	26.98	207.3%
Current price	$16.06	Gross marg.	57.5%	49.1%	-14.6%	56.6%	50.6%	-10.6%
52wk Range:	$2.63-$16.24	Oper. margin	14.9%	22.1%	48.3%	–	18.0%	–
Avg Vol (3m):	2,078,100	Net margin	8.8%	13.1%	48.9%	9.0%	12.3%	36.7%
Market Cap.	393.10M
Shares Outstanding	24.48M	EPS, $	0.17	0.41	141.2%	0.03	0.13	333.3%

Source: Reuters.com, SEC Filings.

ZAGG shares were boosted yesterday after the Salt Lake City-based company announced a distribution partnership with T-Mobile USA Inc. The accessory maker, known for its popular brands like invisibleSHIELD, ZAGGskins, ZAGGbuds and ZAGGsparq, said its mobile device protection products will be distributed by T-Mobile USA nationwide in the United States. invisibleSHIELD, ZAGG’s flagship product, will be offered initially for the T-Mobile myTouch 4G Slide smartphone, which is set to be available this month.

“T-Mobile served more than 33 million customers at the end of the first quarter of 2011 and this opportunity will introduce the unique protection provided by ZAGG products to millions of potential new customers for ZAGG,” John W. Melville, ZAGG director of wireless sales, commented in the release.

ZAGG saw shares climb to $16.24 on Wednesday to set a new 52-week high before closing the day at $16.06, up 4.83% from the previous session’s close. About 2.76 million shares have traded hands during the session, versus the 10-day average volume of 2.95 million. The stock is currently above its 50-day moving average of $12.83 and above its 200-day moving average of $9.67. As per current share price, the market capitalization of the Company stands at $393.10 million and it has 24.48million outstanding shares.

ZAGG posted revenue of $27.0 million for the first quarter ended March 31, 2011, a 207% increase from $8.8 million in the first quarter of 2010, and an 8% sequential decline as compared to $29.3 million in the fourth quarter of 2010.

Gross profit for the first quarter was $13.6 million, compared to $4.9 million in the first quarter of 2010, and $13.4 million in the previous quarter. Gross margin was 51% versus 56% in the same period a year ago and 46% in the previous quarter. The Company attributed the higher gross margins in the first quarter to the high level of online sales, particularly of the ZAGGmate, ZAGG’s tablet computer case with keyboard for the Apple iPad.

The Company posted a first-quarter net income of $3.3 million, or $0.13 per share, up from the year-ago quarter’s net income of $0.8 million, or $0.03 per share, in the first quarter of 2010, and flat sequentially.

Financial Strength (20-July-2011)	Company	Industry	Sector	S&P 500
Quick Ratio (MRQ)	1.18	1.29	1.22	0.71
Current Ratio (MRQ)	2.37	1.70	1.65	1.05
LT Debt to Equity (MRQ)	0.00	33.03	19.49	125.26
Total Debt to Equity (MRQ)	11.92	43.18	37.97	164.34
Interest Coverage (TTM)	18.07	0.17	0.22	18.67

Source: Reuters.com, SEC Filings.

This is the consensus forecast among eight polled investment analysts. Against the Zagg Inc company.

The six analysts offering 12-month price targets for ZAGG have a median target of 17.00, with a high estimate of 20.00 and a low estimate of 11.00. The median estimate represents a 10.97% increase from the last price of 15.32.

Source: markets.ft.com

Consensus Estimates Analysis

	# of Estimates	Mean	High	Low	1 Year Ago
SALES (in millions)
Quarter Ending Sep-11	5	39.61	45.00	25.24	–
Quarter Ending Dec-11	5	47.65	53.50	32.08	–
Year Ending Dec-11	5	137.12	149.98	97.36	66.00
Year Ending Dec-12	4	180.78	212.68	112.40	–
EARNINGS (per share)
Quarter Ending Sep-11	5	0.16	0.19	0.12	–
Quarter Ending Dec-11	5	0.21	0.25	0.16	–
Year Ending Dec-11	6	0.56	0.67	0.26	0.30
Year Ending Dec-12	5	0.69	0.90	0.37	–
LT Growth Rate (%)	3	25.83	27.50	25.00	–

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ZAGG.OQ

Source: http://stockcharts.com

ZAGG is presently near its upper Bollinger Band. This suggests that it is at a high level relative to recent action.

The MACD for ZAGG currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

Company Name	Ticker	Price per	Mrkt. Cap.	P/E		P/S
July-21-2011	symbol	Share, $	$ Mn	2011	2012	2011	2012
Apple Inc.	AAPL	386.90	357.79B	15.49	13.27	3.45	2.84
Forward Industries Inc.	FORD	2.96	23.93M	n/a	n/a	n/a	n/a
Motorola Mobility Holdings Inc.	MMI	22.38	6.60B	29.84	13.90	0.49	0.44
Specialty Retail – Other Median				1,654.80	n/a	181.22	n/a
Zagg Inc.	ZAGG	16.01	391.88M	24.26	18.84	2.66	1.92

Source: Thomson Financial

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Editor — Wed, 20 Jul 2011 15:51:30 +0000

Apple Inc.’s (NASDAQ: AAPL) shares surged to a record of $405 in the aftermarket trading on July 19, after the company’s Q3 FY 2011 results topped once more its previous guidance and consensus estimates. The stock is trading at $389 this morning.

The upward rally was triggered by record revenue and earnings for Q3 FY 2011, as well as impressive growth due to record sales of the iPhone and iPad. The company earned $7.3 billion, or $7.79 a share in the third fiscal quarter of 2011, up from $3.25 billion, or $3.51 a share, in fiscal 2010. Revenue surged 82% to $28.57 billion. Analysts polled by Thomson Reuters expected earnings of $5.80 a share on revenue of $24.9 billion.

The results have been hauled up by impressive sales of iPhones, driven by strong demand from Asian markets, particularly China. AAPL sold 20.34 million iPhones in the quarter, representing 142% growth over the year-ago quarter and a 10% growth over Q2 FY 2011, when AAPL sold 18.65 million iPhones. The fact that the company is ramping up the number of wireless operators that sell the phone internationally, as well as the sale of the phone by the U.S. largest carrier Verison Wireless (NYSE: VZ), supported the triple-digit boost.

Besides, AAPL sold 9.25 million iPads during the quarter, a 183% increase over the year-ago quarter. During Q2 FY 2011, the company was struggling to make enough of the new iPad 2 and succeeded to sell 4.67 million iPads. Meanwhile, the company overcame supply shortages for the tablet; and now the device became AAPL’s second-biggest revenue source – behind the iPhone. AAPL sold nearly 29 million iPads since it first went on sale in April 2010.

Trends in other product categories were not so impressive. Sales of Mac computers were up 14% to 3.95 million, compared to Q3 FY 2010. While 14% growth looks tiny compared to the iPhones and iPads track, Macs are continuing to gain market share, as the overall PC market expanded at 2.6% over the last quarter, according to research company IDC. Sales of iPods were down 20% to 7.5 million, as iPhones and iPads ate into iPods market.

Following record results, the company’s cash balance increased by approximately $10.4 billion during Q3 FY 2011 to a remarkable $76.2 billion, or $81 per diluted share at the end of June.

AAPL’s shares followed a bouncing ride during the first half of 2011 amid impressive revenue and profitability growth, successful launch of the iPad 2, as well as concerns about Steve Job’s health, supply shortages and competitive pressure from mobile computing devices powered by Android platform. The stock resumed growing in the second half of June, posting a gain of more than 20% since then. AAPL’s shares gained 56% in 2010.

The recent quarterly results are clearly suggesting that the iPhone is gaining market share squeezing Google’s (NASDAQ: GOOG) Android portion. According to a recent report from Nielsen, Android still paces the U.S. smartphone market with 38% market share, but its growth of recent acquirers flattened over the last few months. Android accounted for 27% of the new smartphone acquirers in 2011. Nielsen further estimated that the iPhone market share grew from 26% in April to 27% in May and the phone saw its recent acquirer share growing by 7%.

Moreover, another research company, ChangeWave Research, revealed that according to a recent survey, approximately 70% of iPhone users in the U.S. are satisfied with the product, compared to Android’s 50%. The mobile research company has also reported that 46% of surveyed wireless subscribers said they plan to purchase an iPhone over the next 90 days, compared with 32% of respondents who consider going with Android.

Another trend that benefits AAPL is the forecast that sales of computer tablets and smartphones could outnumber traditional plug in PCs already in 2011. Consulting firm Deloitte reported that worldwide sales of smartphones and tablet computers would come to 425 million, well above sales of 390 million PCs. The trend was also backed by the analysis from Gartner, which forecast that worldwide PC shipments could hit 440.6 million units in 2012, a 13.6% increase from 2011, down from previous outlook of 14.8% growth, the market watcher added. Gartner has further claimed that the global tablet market could almost quadruple in 2011 to 70 million units from 15 million in 2010, and cannibalize the slowing PC market over the next four years. AAPL’s iPad could control about 69% of the 2011 tablet market, dropping to 47% by 2015; when nearly 300 million units would be probably sold. This means that AAPL could sell nearly 140 million iPads in 2015, which could result in impresive revenue of $80 billion from this product alone.

From the business fundamentals perspective, AAPL is well positioned to further appreciate with another record quarter in terms of earnings and revenue. The outstanding product portfolio, which is gaining acceptance and market share worldwide, as well as the approaching launch of the iPhone 5, announced by management as a “major product transition” for next fall, keep exponential growth prospects for the company intact.

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Editor — Wed, 22 Jun 2011 13:48:33 +0000

Liquidmetal Technologies’ (OTCBB: LQMT) shares remained flat at today’s opening bell after surging 8% to $0.49 yesterday on rumors that the company’s amorphous alloy technology could be implemented in the Apple’s (NASDAQ: AAPL) iPhone 5, which is expected to be released in September with a new case design. The stock hit as much as $0.564 in the intraday trading, while volume soared 500% to 1.2 million by the end of the day, compared to the average of 0.2 million for the last three months.

LQMT holds the exclusive rights to develop, manufacture, and sell the only commercially available bulk amorphous alloys. The company’s amorphous alloys, or Liquidmetal alloys, possess a combination of performance, processing and cost advantages that make them preferable to other materials in a variety of applications. The company’s alloys are in many cases stronger, harder, more elastic, and more wear and corrosion resistant than commonly used high-performance alloys. In addition, Liquidmetal alloys have the ability to be molded into highly finished products without costly post-finishing processes.

The company generates revenue from two principal operating segments: Liquidmetal alloy industrial coatings and bulk Liquidmetal alloy products. Liquidmetal alloy industrial coatings are used primarily as a protective coating for industrial machinery and equipment. Bulk Liquidmetal alloy segment revenue includes sales of components of electronic devices, medical products, as well as sports and leisure goods; tooling and prototype parts for customers with products in development, product licensing and arrangements, etc.

Revenue increased by $0.2 million to $2.9 million for Q1 2011 from $2.7 million for Q1 2010. The increase consisted of a $0.4 million increase in revenue from a Bulk Alloy license agreement, which was offset by a decrease of $0.2 million from sales of coating products and application services. The operating loss widened from $0.6 million in Q1 2010 to $0.9 million in Q1 2011.

Last August, the company signed a deal with Apple granting them perpetual, exclusive rights to its amorphous alloy technology for electronic device casings. In return, LQTM was entitled to earn a license fee and retained rights to all other applications of their technology.

The exclusive characteristics of LQTM’s alloys like resistance to scratches and dents, strength and pleasant look make them a perfect candidate to coat the new devices from Apple. Apple sold 18.65 million iPhones in Q2 FY 2011, representing 113% unit growth over the year-ago quarter. The company has also sold 9.02 million iPods and 4.7 million iPads during the quarter. Altogether, Apple sold nearly 20 million iPads in the first year it has been available.

According to IDC, Apple was ranked the second-largest smartphone vendor globally in terms of units sold in Q1 2011. The company earned a solid 18.7% market share and is poised for further gains. Meanwhile, Gartner has claimed that global tablet market could almost quadruple in 2011 to 70 million units from 15 million in 2010.Apple’s iPad could control about 69% of the 2011 tablet market, plunging to 47% by 2015; when nearly 300 million units would be probably sold.

As a result, the application of the new case design to Apple’s products would expose LQTM to the burgeoning mobile computing market, provide visibility to its technology and allow generating a significant revenue stream, going forward.

In addition to Apple, last March LQTM granted exclusive worldwide rights to utilize its alloys technology to The Swatch Group Ltd. The Swiss manufacturer, which had a turnover of $7.5 billion in 2010, is allowed to utilize the liquidmetal alloy technology in their entire line of timepieces, a brand line that includes Breguet, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashütte, Tissot, cK watch & Jewelry, Balmain, Hamilton, Certina, Mido, Swatch, Flik Flak and Endura.

The use of amorphous alloys to create a new case design for the iPhone 5, could threat the prospects of ZAGG Inc. (NASDAQ: ZAGG), which sells accessories to protect devices like iPhone and iPad from scratches and dents. The success of Apple gadgets caused a spike in demand for ZAGG’s offering, sending its shares soaring over the last year. However, the use of liquidmetals alloys for touchscreen devices coating could make obsolete ZAGG’s shields and wear away the company’s growth potential.

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Admin — Mon, 20 Jun 2011 13:11:45 +0000

Research In Motion Limited’s (NASDAQ: RIMM) shares plummeted 22% last Friday to $27.75, the company’s lowest price since 2006. The plunge came after RIMM reported disappointing results for its Q1 fiscal year 2012 and cut down its full-year guidance.

Net income decreased to $695 million or $1.33 a share for Q1 fiscal year 2012, compared to net income of $769 million, or $1.38 per share, for the same period the previous year. Revenue grew by 16% to $4.9 billion from $4.2 billion in Q1 fiscal year 2011. During the quarter, RIMM delivered 13.2 million Blackberry smartphones and 0.5 million Playbook tablets. Analysts polled by Thompson Reuters had been expecting earnings of $1.32 per share on revenue of $5.15 billion for the period. The sales of Blackberry smartphones were bellow the low-end of analyst outlook, while the sales of Playbook were ahead of analyst’s average estimate of 400,000.

Moreover, the company confirmed the continued weakness in its line of BlackBerry handheld devices, and revised downward the outlook for fiscal year 2012. RIMM now expects earnings to come in the range of $5.25 -$6.00 per share, compared to consensus estimates of $6.31. The company had previously maintained a full-year EPS forecast of $7.50.

Last April, the company has warned of weaker results for Q1 fiscal year 2012, however, reiterated a strong guidance for full year. However, following a number of industry reports, which confirmed that Blackberry smartphones are rapidly losing market share, analysts covering the company applied significant downward corrections to their earnings expectations expressing concerns about the reliability of management’s guidance. Accordingly, the recent news has confirmed the company’s weakness and shrinking customer base.

As a result, the stock had already lost more than 55% this year, losing the speed to Apple’s (NASDAQ: AAPL) iPhone and Google’s (NASDAQ: GOOG) Android platforms. RIMM, which invented the smartphone and leaded the market for about a decade is currently trying a comeback and playing catch up with its bigger rivals.

A report from Nielsen is indicating that Android users now make up 43% of those who bought a phone in the past six months in the United States. BlackBerry buyers have had their share almost cut in half from 38% in fall 2009 to 20% last year. The iPhone’s share has remained unchanged at 26% in the first quarter of 2011.

Globally, Gartner reported that Android’s market share increased from 10% in Q1 2010 to 36% in Q1 2011. Simbyan’s market share dropped from 44.2% to 27.4% for the same period. The iPhone share has nearly doubled from 2.3% in Q1 2010 to 4.0% in Q1 2011. While Blackbery’s share stagnated at 3%.

As a result, RIMM announced significant downsizing plans by reducing the workforce and optimizing expenses. The company has also said that it would delay the release of the next Blackberry with QNX software for 2012. It is probably the company’s last chance to convince investors that the new handheld device would be competitive and stop the sales decline in the United States. The current portfolio of BlackBerry smartphones has been in the market for nearly a year and delivering new products has proven very challenging to RIMM.

With a market capitalization of less than $15 billion, RIMM has become an interesting takeover target being traded at nearly 4.5 times the last twelve months EPS. This is very cheap comparing to the valuation of Apple and Google, which are traded at 15 and 18 times their trailing twelve months EPS, respectively. Despite cheap valuation, RIMM’s business is still generating steady profitability, double-digits growth, as well as stellar growth in the international markets. In addition, the company’s Blackberry smartphones maintain leading email and messaging functionality and succeeded to integrate a valuable base of 60 million subscribers that generate a significant stream (20%) of recurring revenue from services.

In addition, there are significant rumors that position RIMM as an interesting takeover Target given the discounted valuation. While, further market share losses could take a toll on RIMM’s valuation, the company’s recovery chances are highly related with its capacity to “cook” the next Balckberry device, which in turn should, at least, equal the functionality of the iPhone and Android rivals.

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Jay Geller — Tue, 14 Jun 2011 06:31:01 +0000

Sky-mobi Ltd. (MOBI) operates the leading mobile application store in China. The Company works with handset companies to pre-install its Maopao mobile application store on handsets and with content developers to provide users with high quality applications and content titles. Users of its Maopao store can browse, download and purchase a wide range of applications and content such as single-player games, mobile music and books. In addition, the Company established a leading mobile social network community in China, the Maopao Community, where it offers popular localized mobile social games as well as applications and content with social network functions to its registered members. MOBI’s Maopao store enables mobile applications and content to be downloaded and run on a variety of mobile handsets with different hardware and operating system configurations. From January 1, 2007, to September 30, 2010, Maopao had about 479 million cumulative users. Over the same period, the Company offered over 770 applications and over 61,000 content titles and the cumulative number of downloads reached 3.6 billion.

Share Statistics (13-June-11)			FY 2010	FY 2011	% Chg	Q1 2010	Q1 2011	% Chg
Symbol	MOBI	Revenue, $Mn	544.26	675.29	24.1%	304.12	177.46	-41.6%
Current price	$6.03	Gross marg.	34.89	31.2%	-10.6%	32.9%	34.3%	4.3%
52wk Range:	$4.98-$23.25	Oper. margin	–	2.3%	–	–	4.8%	–
Avg Vol (3m):	1,287,930	Net margin	-42.2%	20.2%	-147.9%	-45.3%	2.61%	-185.8%
Market Cap.	194.00M
Shares Outstanding	32.17M	EPS, $	-1.53	0.65	-142.5%	-0.90	0.03	-103.3%

Source: Reuters.com, SEC Filings.

Shares of MOBI dropped $0.75, or 11.06%, to close at $6.03 Monday. Approximately 844,000 shares have traded hands during the session, compared with the stock’s 10-day average volume of about 938,000 shares. MOBI has so far reached a 52-week high of $23.25, its 52-week low being $4.98. It is currently below its 50-day moving average of $11.95 and above its 200-day moving average of $9.66. Market capitalization currently stands at $194.00 million and it has 32.17 million outstanding shares.

MOBI recently announced that it has signed a partnership agreement with Jiayuan.com International Ltd., which is the operator of the largest online dating platform in China.

As per the terms of the one-year deal, MOBI will collaborate with Jiayuan to develop a Sky-mobi-Jiayuan dating software application to be operated on Sky-mobi’s Maopao mobile social network. The program will offer a wide range of dating and social networking features. Over the course of the agreement, the companies will also work together on promotions and user development.

MOBI CEO Michael Song stated in the presse release: “This collaboration with Jiayuan builds upon our open platform strategy as we continue to expand our network of leading content partners. Dating services are in heavy demand by our large mobile user group.”

Haiyan Gong, CEO of Jiayuan said Sky-mobi is one of the largest mobile application stores in China with hundreds of millions of mobile phone users, many of whom do not have regular Internet access to their Jiayuan.com online dating Web site. “As such, we are excited to partner with Sky-mobi’s Maopao platform to offer China’s singles more flexible and convenient access to our trusted and effective online dating platform,” she said.

Visit MOBI at www.sky-mobi.com

MOBI reported preliminary unaudited results for the fourth quarter of fiscal year 2011, with total revenues of RMB177.5 million (US$27.1 million), up 20.8% from the prior-year quarter, net profit of RMB4.4 million (US$0.7 million), compared to net loss of RMB109.9 million in fourth quarter 2010, and basic and diluted earnings per common share were RMB0.02 (US$0.00) and RMB0.02 (US$0.00), respectively.

For the full fiscal year 2011, MOBI reported preliminary total revenues of RMB675.3 million (US$103.1 million), an increase of 24.1% compared to the prior year period. Net profit came in at RMB135.6 million (US$20.7 million), compared to net loss of RMB229.8 million in the fiscal year ended March 31, 2010, while basic and diluted earnings per common share were RMB0.74 (US$0.11) and RMB0.06 (US$0.01), respectively.

Source: www.sky-mobi.com

Financial Strength (13-June-2011)	Company	Industry	Sector	S&P 500
Quick Ratio (MRQ)	–	2.63	2.27	0.71
Current Ratio (MRQ)	3.91	2.99	2.70	1.04
LT Debt to Equity (MRQ)	–	12.66	14.21	137.00
Total Debt to Equity (MRQ)	–	19.69	24.86	183.16
Interest Coverage (TTM)	–	0.58	0.81	18.14

Source: Reuters.com, SEC Filings.

This is the consensus forecast among four polled investment analysts. Against the Sky mobi Ltd company.

The four analysts offering 12-month price targets for MOBI have a median target of 18.00, with a high estimate of 23.00 and a low estimate of 15.00. The median estimate represents a 165.47% increase from the last price of 6.78.

Source: markets.ft.com

Consensus Estimates Analysis

	# of Estimates	Mean	High	Low	1 Year Ago
SALES (in millions)
Quarter Ending Jun-11	3	28.77	30.00	27.50	–
Quarter Ending Sep-11	3	35.25	37.96	32.50	–
Year Ending Mar-11	3	100.88	104.63	98.00	–
Year Ending Mar-12	3	145.52	151.26	136.80	–
Year Ending Mar-13	3	190.76	195.50	185.39	–
EARNINGS (per share)
Quarter Ending Jun-11	3	0.07	0.09	0.05	–
Quarter Ending Sep-11	3	0.13	0.13	0.12	–
Year Ending Mar-11	4	0.25	0.32	0.18	–
Year Ending Mar-12	4	0.61	0.77	0.50	–
Year Ending Mar-13	4	1.01	1.22	0.80	–
LT Growth Rate (%)	2	27.50	30.00	25.00	–

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MOBI.OQ

MOBI is trading near its lower Bollinger Band. This suggests that the stock price is low relative to its recent price action.

The MACD for MOBI currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.

Company Name	Ticker	Price per	Mrkt. Cap.	P/E		P/S
June-13-2011	symbol	Share, $	$ Mn	2011	2012	2011	2012
Microsoft Corp.	MSFT	24.04	202.72B	9.32	8.68	2.91	2.73
Apple Inc.	AAPL	326.60	302.02B	13.18	11.35	2.92	2.42
Amazon.com Inc.	AMZN	186.29	84.21B	75.42	49.02	1.80	1.39
Diversified Communication Services Median				14.51	n/a	0.88	n/a
Sky-mobi Ltd.	MOBI	6.03	194.00M	9.89	5.92	1.33	1.02

Source: Thomson Financial

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

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Stock Alert for Sky-mobi Ltd. (MOBI)

Jay Geller — Mon, 13 Jun 2011 13:32:14 +0000

ZAGG Inc. (NASDAQ: ZAGG) had two extremely strong days to wrap up last week’s trading after the company that it was granted a new patent directed to protective covers for electronic devices such as full body invisibleSHIELD products. The stock soared 13% over the period, setting a new all time record of $11.98 during the intraday trading on June 10, before closing the session at $11.63. Shares continued to climb this morning, surging more than 6% at market open.

The recent patent award allows ZAGG to better defend its approach to protect electronic devices and could be a useful tool in competing against the developments of other payers. Going forward, the patent protection could facilitate the establishment of long term partnerships between ZAGG and manufacturers of smartphones, computer tablets or other electronic devices to tie the sale of invisibleSHIELD products with the sale of these gadgets. If the company succeeds to partner with a major player like Apple (NASDAQ: AAPL), Samsung or Research in Motion (Nadaq: RIMM), its stock price could skyrocket.

The company’s shares gained more than 50% since the beginning of 2011 on solid results for 2010 and Q1 2011 that smashed analyst estimates. Besides, the introduction of a new line of ZAGGskins protective accessories designed to match Apple’s new iPad 2 device as well as the master license and distribution agreement with Logitech (NASDAQ: LOGI) for its tablet accessory, the ZAGGmate case with keyboard, have also contributed to recent appreciation.

ZAGG is a leader in providing clear and scratch-proof covers for smartphones, computer tablets, and iPod touch media players. The company’s products are distributed worldwide with popular brands like the invisibleSHIELD, ZAGGskins, ZAGG LEATHERskins, etc. As the demand for smartphones and tablets has grown, ZAGG has benefited from increasing need for its products, especially the shields it makes to protect devices from scratches.

Revenue for the first quarter increased 207% to $27.0 million, from $8.8 million in the first quarter of 2010. Net income reached $3.3 million, or $0.13 per share, as compared to net income of $0.8 million, or $0.03 per share, in the first quarter of 2010. ZAGG benefited from new product launches, the introduction of popular new devices such as the iPad 2 from Apple (NASDAQ: AAPL) and other new mobile device introductions as well as continued strength in internet channels.

Going forward, ZAGG revisited upward the outlook for 2011 due to better sales of its products on expanding product distribution and reach. The company now expects revenue for 2011 to range between $100 million to $105 million from a previous estimate of $95 million to $100 million. In addition, ZAGG expects gross margin for this year to be in the mid-to-upper 40s, and raises the range for operating margins to 21%-23%, from the previously given range of 19%-22%.

The market trends are also favorable to ZAGG. Consulting firm Deloitte predicted that sales of computer tablets and smartphones could outnumber traditional plug in PCs already in 2011. It reported worldwide sales of smartphones and tablet computers would come to 425 million, well above sales of 390 million PCs. Research firm Gartner has further claimed that the global tablet market could almost quadruple in 2011 to 70 million units from 15 million in 2010, and expand to nearly 300 million by 2015.

Despite the favorable trends, ZAGG continues to be heavily shorted. Moreover, the short interest reached a record of 8.8 million shares as of end of May, representing 50% of the float. The eventual short-buying back rally caused by positive news about the company, could cause a short squeeze and send the company’s shares in the skies.

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Admin — Mon, 06 Jun 2011 14:32:45 +0000

In recent days’ trading, Apple Inc.’s (NASDAQ: AAPL) shares have wavered in advance of its worldwide developers conference planned for today on buzz the company most likely will not unveil the new iPhone, which AAPL has done in the past, making analysts to lower their forecasts for the sales of the iPhone in 2011 and 2012.

Instead, AAPL disclosed that Steve Jobs is returning to give the keynote presentation and highlight the next versions of Mac OSX Lion and iOS 5. The company has also scheduled the introduction of the iCloud, an Internet-based service that allows consumers to stream music they bought to any Apple device. Accordingly, the iCloud is aiming to strengthen the potential of the iTunes and make it tougher to compete for rivals like Google Inc. (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN), which require users to upload their library of songs to play music.

AAPL’s shares followed a bouncing ride this year amid impressive revenue and profitability growth, successful launch of the iPad 2, as well as concerns about Steve Job’s health and competitive pressure from devices powered by Android platform. The stock gained 4.2% since the beginning of 2011, compared to a gain of 56% in 2010.

The Q2 FY 2011 results, which smashed again consensus estimates, gave a significant boost to AAPL’s valuation. The company posted a net profit of $5.99 billion, or $6.40 a share, while revenue surged 83% to $24.67 billion. According to Thompson Reuters, analysts were expecting AAPL to earn $5.37 a share on revenue of $23.4 billion.

The company sold 3.76 million Macs during the last quarter, a 28% unit increase over the year-ago quarter. AAPL sold 18.65 million iPhones in Q2 FY 2011, representing 113% unit growth over the year-ago quarter. The company sold 9.02 million iPods during the quarter, representing a 17% unit decline from the year-ago quarter. The company has also sold 4.69 million iPads during the quarter. Altogether, AAPL sold nearly 20 million iPads in the first year it has been available.

According to IDC, Apple was ranked the second-largest smartphone vendor globally in terms of units sold in Q1 2011. The company earned a respectable 18.7% market share, compared to 24.2% share for Nokia. With a growth rate of 113% in the last quarter versus the year-ago quarter, AAPL has topped Nokia in smartphone revenue and is chasing the Finish phone maker for the title of world’s number one smartphone maker ranking by units shipments.

Meanwhile in the U.S., AAPL is claiming 28% of the smartphone market for the last quarter of 2010, while Android and Research in Motion’s (NASDAQ: RIMM) Blackberry tied with 27% each, according to a report from Nielsen. However, new phone purchases suggest a positive trend for Android and negative for BlackBerry. Apple’s share of new buyers has been virtually unchanged for the past year at 26%, but Android users now make up 43% those who bought a phone in the past six months.

Another trend that benefits AAPL is the forecast that sales of computer tablets and smartphones could outnumber traditional plug in PCs already in 2011. Consulting firm Deloitte reported that worldwide sales of smartphones and tablet computers would come to 425 million, well above sales of 390 million PCs. The trend was also backed by the analysis from Gartner, which forecast 2011 PC growth at 10.5% down from 15.9% previously. Worldwide PC shipments could hit 440.6 million units in 2012, a 13.6% increase from 2011, down from Gartner’s previous outlook of 14.8% growth, the market watcher added. Gartner has further claimed that the global tablet market could almost quadruple in 2011 to 70 million units from 15 million in 2010, and eat into the slowing PC market over the next four years. AAPL’s iPad could control about 69% of the 2011 tablet market, dropping to 47% by 2015; when nearly 300 million units would be probably sold. This means that AAPL could sell nearly 140 million iPads in 2015, which could result in remarkable revenue of $80 billion from this product alone.

From the business fundamentals perspective, AAPL is well positioned to further appreciate with another record quarter in terms of earnings and revenue. The company is reaching new customers internationally and among businesses that have not typically used its products, thus maintaining exponential growth prospects intact.

Should you buy or sell AAPL? Visit http://applestock.org to do your own research and decide.

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Admin — Thu, 02 Jun 2011 13:59:13 +0000

Microsoft Corporation’s (NASDAQ: MSFT) has previewed a new version of its operating system, Windows 8, that could run on both personal computers (PC) and mobile devises like tablet computers and smartphones. As a result, Microsoft is one-step closer to tap into the tablet opportunity; however, the company still needs a tablet device to run the Windows 8, as the operating systems for mobile gadgets are not sold off the shelf.

Microsoft, the world’s biggest software maker, has not scheduled the new operating system for immediate release; however, it reported that it would adapt Windows to run on devices that compete against Apple’s (NASDAQ: AAPL) iPad, which currently dominates the tablet market. Moreover, the company demonstrated that it is now able to offer computer makers and semiconductors suppliers a new operating system that can be competitive in mobile computing.

Shortly after the introduction of Windows 8, Qualcomm Inc. (NASDAQ: QCOM) announced that its upcoming award-winning Snapdragon family of smart mobile processors are designed to power devices running the next version of Windows. It seems that Microsoft and Qualcomm joined forces to address the booming tablet market. In fact, Microsoft is trying to leverage its PC expertise and successful long time partnership with Inter Corp. (NASDAQ: INTC) and establish a new partnership with Qualcomm to cover the mobile arena.

The companies reported that the collaboration would address the converging and fast-changing mobile computing landscape, and Qualcomm’s Snapdragon family of dual-core and quad-core processors will enable optimal computing performance, extended battery life and connectivity, and top-notch graphics and multimedia in devices. The first processor in the Snapdragon family to power devices using the next version of Windows will be the MSM8960, which is sampling this month, followed by the quad-core Snapdragon APQ8064, which is anticipated to sample in early 2012.

Microsoft’s shares have lost 13% this year after a number of research companies lowered their forecast for PC sales in 2011 and the latest results revealed that the company’s flagship Windows division is losing customers. The company saw the Windows division revenue, which stands for almost one-quarter of its sales and nearly half of all operating income, down 4% for the fiscal third quarter. The negative trend is believed to be caused by the momentum of computer tablets, which are expected to steal market share from plug in personal computers.

According to a report from consulting firm Deloitte, sales of computer tablets and smartphones could outnumber traditional plug in PCs already in 2011. It reported worldwide sales of smartphones and tablet computers would come to 425 million, well above sales of 390 million PCs. The trend is challenging Windows division sales, as the world is moving away from standardized PC-like devices containing standardized software, to a far more heterogeneous environment of tablets and smarphones, where Microsoft is still an outlier.

In a recent report, Gartner forecasts 2011 PC growth at 10.5% down from 15.9% previously. Worldwide PC shipments will hit 440.6 million units in 2012, a 13.6% increase from 2011, down from Gartner’s previous outlook of 14.8% growth, the market watcher added. Meanwhile, Gartner has further claimed that the global tablet market could almost quadruple in 2011 to 70 million units from 15 million in 2010, and eat into the slowing PC market over the next four years. The iPad would control about 69% of the 2011 tablet market, dropping to 47% by 2015; when nearly 300 million units would be probably sold.

Microsoft is moving aggressively to address this opportunity, however many analysts believe it could be too late. Gartner for instance is not expecting Microsoft’s Windows to make any significant impact on the tablet market even by 2015. The partnership with Qualcomm can certainly accelerate the penetration of the mobile computing market and help Microsoft to establish a decent niche.

Microsoft overall sales for the fiscal third quarter rose 13% to $16.4 billion, beating the $16.2 billion expected by analysts, helped by sales of Office and its Xbox game system. The Company reported a 31% increase in net profit, posting $5.2 billion, or $0.61 per share, compared with $4 billion, or $0.45 per share, in the year-ago quarter. Excluding the onetime tax benefit, net income met the $0.56 cents expected by analysts, according to Thomson Reuters.

With a market capitalization of $205 billion and a cash balance in excess of $50 billion, the company is traded at a modest 8.82 times expected earnings for the next 12 months, below the average for direct competitors. Despite the modest valuation, the company is still generating significant growth, has strong Windows and Office divisions and sufficient resources to catch up with its mobile rivals.

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Admin — Thu, 19 May 2011 15:08:04 +0000

Shares of Research In Motion Limited (NASDAQ:RIMM) slipped this morning after a brief rally yesterday on news that China Unicom, the second largest mobile carrier in China, started to offer services with Blackberry phones in an attempt to add more 3G subscribers to its network. RIMM has also benefited from analyst upgrade, which argued that the company have reached the bottom and things are not poised to worsen any more, at least over the medium term.

The stock has performed poorly, losing 27% since the beginning of 2011. The company is losing market share in the U.S. smartphone market to rivals Apple Inc.’s (NASDAQ: AAPL) iPhone and Google Inc.’s (NASDAQ: GOOG) Android platforms. According to a recent report from Nielsen, Apple is claiming 28% of the U.S. smartphone market for the last quarter of 2010, while Android and Blackberry tied with 27% each. However, new phone purchases suggest a positive trend for Android and negative for BlackBerry. Apple’s share of new buyers has been virtually unchanged for the past year at 26%, but Android users now make up 43% those who bought a phone in the past six months. BlackBerry buyers have had their share almost cut in half from 38% in fall 2009 to 20% last year.

The company has also taken a beating after it got mediocre reviews on its tablet computer PlayBook. Reviewers consented that the tablet offers some advantages mainly to business customers, however it would fail to impress the mainstream clients and needs additional functionality to successfully compete against the iPad 2 or Android based tablets. Following the launch, RIMM had to recall 1,000 Playbook tablets because of defective operating software. The latest data indicate that RIMM has sold 250,000 Playbooks since launching in April. While these numbers are not representing a challenge to the iPad 2, which sales neared 1 million units during the first weekend, the Playbook early sales outperformed Motorola’s (NYSE:MMI) Android powered Xoom tablet.

The smartphone market share losses and lower initial sales of Playbook have made the company to lower its first-quarter profit outlook. RIMM now sees earnings of $1.30 to $1.37 a share for the three months ending in May, down from a prior projection for earnings of $1.47 to $1.55 a share. RIMM has also expects to earn $7.50 a share for fiscal 2012. The current consensus estimates are for a profit of $1.33 a share on revenue of $5.16 billion for Q1 FY 2012 and $6.96 a share on revenue of $23.18 billion for entire FY 2012.

At current valuation levels and consensus estimates, RIMM looks very cheap. The stock is trading at 6.0 times management guidance for fiscal 2012 EPS, significantly below the similar metric for the rivals Apple and Google. Despite discounted valuation, the company’s business is generating steady profitability, double-digits growth, as well as expansion in the International market. Moreover, RIMM has scheduled the launch of new product that could contest the leadership of Apple’s and Android powered touch-screen phones. The company has also planned to bring the QNX operating system that powers PlayBook tablets to BlackBerry smartphones. However, it has yet to give a time frame for that.

RIMM revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Today, BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. As of end of February, the company has shipped approximately 145 million smartphones and has a subscriber base of more than 60 million.

Considering the huge base of Blackberry fans, scheduled smartphone launch to enhance its touch-screen offering, several undisputed advantages of the Playbook like the speed, security, Flash implementation as well as imminent product upgrades following client’s reviews, we regard RIMM with decent chances stop losing market share in the smartphone market and carve a meaningful niche in the tablet market.

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2 months ago

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Admin — Wed, 11 May 2011 13:27:26 +0000

ZAGG Inc. (NASDAQ: ZAGG) shares surged 6.4% to $10.16 in extended trading yesterday after the company’s results for the first quarter topped analyst expectations. Moreover, ZAGG revisited upward the outlook for 2011 due to better sales of its products, expanding distribution and wider product offerings.

Revenue for the first quarter increased 207% to $27.0 million, from $8.8 million in the first quarter of 2010. Net income reached $3.3 million or $0.13 per share as compared to net income of $0.8 million or $0.03 per share in the first quarter of 2010. ZAGG benefited from new product launches, the introduction of popular new devices such as the iPad 2 from Apple (NASDAQ: AAPL) and other new mobile device introductions as well as continued strength in internet channels.

According to Thompson Reuters, analysts on average were expecting ZAGG to earn $0.10 a share on revenue of $21 million.

The company revised its revenue look for 2011 up to a range of $100 million to $105 million from a previous estimate of $95 million to $100 million. In addition, ZAGG expects gross margin for this year to be in the mid-to-upper 40s, and raises the range for operating margins to 21%-23%, from the previously given range of 19%-22%.

The stock gained 36% this year, following robust financial results and new product introductions to tap deeper into computer tablets opportunity. The introduction of a new line of ZAGGskins protective accessories designed to match Apple’s new iPad 2 device as well as the master license and distribution agreement with Logitech (NASDAQ: LOGI) for its tablet accessory, the ZAGGmate case with keyboard, were decisive to recent appreciation.

The launch of Apple‘s iPad Smart Cover, a slick, magnetic cover-cum-stand for the iPad was seen as a direct competitor and challenge to ZAGG’s cases. But ZAGG responded promptly by recruiting Logitech and launching an iPad cover that incorporates an actual, wireless Bluetooth physical keyboard for typing into the iPad. The product is already winning rave reviews and according to the company would drive the top line growth and contribute to a significant margins improvement. The recent outlook is indicative that Apple’s introduction of the Smart Cover is not expected to have a material impact on ZAGG, given the fact that the company is also addressing a wider range of gadgets.

Going forward, ZAGG’s shares could continue the upward move, driven by a short squeeze, which is currently going on with the company. The stock is heavily shorted with margins calls due dates approaching. The short interest as a percentage of float currently range around 50%. Moreover, it could take 11 days for shorts to buy back the borrowed shares and cover their positions. The strong numbers for the last quarter, as well as an optimistic outlook for 2011 could trigger a substantial short-buying back rally and push ZAGG’s valuation higher.

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