Tech Business Report: DISH & Gannett Work Dispute Out, Apple Defended By Analyst
On Monday, DISH Network Corporation (NASDAQ:DISH) and Gannett Co. (NYSE:GCI) have managed to reach a new agreement over programming fees which avoided a blackout on the satellite TV platform of Gannett-owned ABC, NBC, and CBS -affiliated stations in 19 cities. Financials of the deal were not reported.
JPMorgan has been recruited to help the struggling wireless chip joint venture ST-Ericsson explore its strategic options, according to Les Echos. The parent companies are LM Ericsson Telephone Company (NASDAQ:ERIC) and STMicroelectronics (NYSE:STM); possible solutions are said to include searching for a new partner, selling some operations, and the taking over of other activities.
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Coverage of Apple (NASDAQ:AAPL) shares began with Neutral at Nomura which explained that “We see little scope for upside.” However, Shaw Wu at Sterne Agee is defending the company despite its recent selloff. Supply chain checks continue to show that demand for the iPhone 5 remains strong and production appears to be improving. Wu believes that lead times are fixed between 3 and 4 weeks and also that a consensus of between 17 and 18 million fiscal first quarter iPad sales might be high, but there could exist an upside to fiscal second quarter estimates because of the iPad Mini.
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