- Bear Stearns reits Outperform and $150 tgt on Research in Motion (NASDAQ:RIMM) saying oppty's offset near-term economic risk.
- Piper Jaffray's Gene Munster is out on Apple (NASDAQ:AAPL) after he and his team spoke with 20 Apple specialist resellers. Interest in the MacBook Air is high, but demand is less than the MacBook launch in May of 2006. Firm believes the MacBook is the most popular Mac.
On average, resellers are expecting a sequentially flat qtr for Macs in March vs. PJ's ests of -18% q/q.
- Broadpoint comments on First Solar (NASDAQ:FSLR) saying they recommend sitting out quarter due to excessively high investor expectations, but would be buyers on any weakness after results are announced
Firm expects strong results and guidance, but believe plans for an additional factory, a large 100MW+ system contract, or significantly higher 2008 guidance are necessary to move shares higher.