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Shannon Cross, Cross Research

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iPad Set to Storm Stores on April 3 (Channel Insider) - Mar 09, 2010

The news sent shares of Apple surging as much as 4.3 percent to an all time high of $219.70 on the Nasdaq, as analysts said the speedy international rollout could help build sales momentum. The 9.7 inch touchscreen iPad, which is designed to surf the Web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief Executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April. "I think it eases concerns that were circulating about supply. There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
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Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

iPad release date set (ITWeb) - Mar 08, 2010

The news sent shares of Apple surging as much as 4.3% to an all time high of $219.70 on the Nasdaq, as analysts said the speedy international rollout could help build sales momentum. The 9.7 inch touch screen iPad, which is designed to surf the Web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April. "I think it eases concerns that were circulating about supply. There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

Apple shares hit new high as iPad set for April launch (Toronto Star All Business) - Mar 06, 2010

The news sent shares of Apple surging as much as 3.9 per cent to touch a record high of $219.85 (U. S.) on the Nasdaq stock exchange, as analysts said the announcement eased the concerns of some investors that a manufacturing bottleneck could delay launch. The 9.7 inch touch screen iPad, which is designed to surf the web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U. K in late April. ``I think it eases concerns that were circulating about supply. There's always so much speculation around a launch and this alleviates those fears,'' said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
Share:  There's always so much speculation around a launch and this alleviates those fears,'' said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

iPad Available In Canada Next Month (National Post Canada Financial Top News) - Mar 06, 2010

The news sent shares of Apple surging as much as 3.8% to touch a high of US$218.69 on the Nasdaq, as analysts said the announcement eased the concerns of some investors that a manufacturing bottleneck could delay launch. The 9.7 inch touchscreen iPad, which is designed to surf the Web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until yesterday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the U. K in late April. "I think it eases concerns that were circulating about supply. There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

IPad to hit stores April 3 (Reuters Technology) - Mar 05, 2010

The news sent shares of Apple surging as much as 4.3 percent to an all time high of $219.70 on the Nasdaq, as analysts said the speedy international rollout could help build sales momentum. The 9.7 inch touchscreen iPad, which is designed to surf the Web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief Executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April. "I think it eases concerns that were circulating about supply. There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

Apple iPad to hit U.S. stores April 3 (Euro Investor) - Mar 05, 2010

The news sent shares of Apple surging as much as 3.8 percent to touch an all time high of $218.69 on the Nasdaq, as analysts said the announcement eased the concerns of some investors that a manufacturing bottleneck could delay launch. The 9.7 inch touchscreen iPad, which is designed to surf the Web, play video and games, and read digital books, is the most anticipated product launch from Apple since the iPhone in 2007. Chief Executive Steve Jobs unveiled the tablet in late January, but the company did not announce any international markets until Friday, when it said the tablet will go on sale in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April."I think it eases concerns that were circulating about supply. There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. 
Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

IPad to hit US stores April 3, then 9 more markets (Reuters) - Mar 05, 2010

There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst Shannon Cross, adding that the breadth of the international launch should reassure investors. Cross expects the iPad to be a major growth driver for Apple eventually. She estimates the company will sell 4 million to 5 million units in the first year, which will add $1 to earnings per share. The launch date means Apple won't likely book any iPad revenue in the current fiscal second quarter, which closes at the end of March. Nonetheless, Barclay's analyst Ben Reitzes said the launch plans added some "welcome clarity.". "Not only is the device available in the U. S., but we believe availability in nine other countries by the end of April is likely quicker than many thought, lending potential upside to consensus estimates into mid year," he wrote in a research note. 
Share:  There's always so much speculation around a launch, and this alleviates those fears," said Cross Research analyst <span class="analyst">Shannon Cross</span>, adding that the breadth of the international launch should reassure investors. Tweet this 

Burns May Look to China as Xerox 'Scrappers' Seek Sales Growth (Bloomberg) - Feb 22, 2010

Xerox would have to buy a software company, instead of developing one, to get the scale it needs, she said "Xerox is in a mature market," said Shannon Cross , an analyst at Cross Research in Livingston, New Jersey "They're going to have to push outside their comfort area" In the meantime, Burns will strive to find a balance between taking more risks and staying true to the values that helped protect Xerox's cash flow through the recession 
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Share:  "<span class="company">Xerox</span> is in a mature market," said <span class="analyst">Shannon Cross</span> , an analyst at Cross Research in Livingston, New Jersey "They're going to have to push outside their comfort area" Tweet this 

Burns May Look to China as Xerox ’Scrappers’ Seek Sales Growth (BusinessWeek.com - Technology) - Feb 22, 2010

Xerox would have to buy a software company, instead of developing one, to get the scale it needs, she said "Xerox is in a mature market," said Shannon Cross, an analyst at Cross Research in Livingston, New Jersey "They're going to have to push outside their comfort area" In the meantime, Burns will strive to find a balance between taking more risks and staying true to the values that helped protect Xerox's cash flow through the recession 
Share:  "<span class="company">Xerox</span> is in a mature market," said <span class="analyst">Shannon Cross</span>, an analyst at Cross Research in Livingston, New Jersey "They're going to have to push outside their comfort area" Tweet this 

Dell, Inc Q4 Earnings Call Transcript (123Jump.com: Market News) - Feb 21, 2010

Brain Alexander – Raymond James Shannon Cross – Cross Research Mark Moskowitz – JP Morgan 
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Share:  <span class="analyst">Shannon Cross</span> – Cross Research Mark Moskowitz – JP Morgan Tweet this 

Dell Drops as Price Cuts, Component Costs Hurt Profit (Bloomberg) - Feb 19, 2010

Analysts predicted 27 cents, according to a Bloomberg survey Dell fell 96 cents, or 67 percent, to $1347 at 4 pm New York time in Nasdaq Stock Market trading, the biggest decline in three months The stock has dropped 62 percent this year ‘More Conviction' "You have higher revenue but we didn't see it on the bottom line," said Shannon Cross , an analyst with Cross Research in Livingston, New Jersey "The question is, what is the potential profitability of their model?" 
Share:  ‘More Conviction' "You have higher revenue but we didn't see it on the bottom line," said <span class="analyst">Shannon Cross</span> , an analyst with Cross Research in Livingston, New Jersey Tweet this 

Dell margins miss Wall Street target, shares fall (Taipei Times - All News) - Feb 19, 2010

The disappointing margin, which reflects Dell's dependence on the computer hardware market, sent its shares down 5 percent in extended trading on Thursday and overshadowed its stronger than expected profit and revenue for the quarter. Larger rival Hewlett Packard Co (HP), which posted stronger results on Wednesday, had benefited from a more diversified revenue base than Dell, with income from software and services as well as hardware "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," Cross Research managing director Shannon Cross said Dell is heavily dependent on selling PCs to US businesses, so it suffered during the economic downturn but is expected to improve this year as technology spending recovers The company, which depends on desktop and laptop sales for more than half of overall revenue, has stressed profitability over growth and stayed clear of the PC price war waged by HP and Acer Inc, which displaced Dell as the world's No 3 PC maker last year 
Share:  "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," Cross Research managing director <span class="analyst">Shannon Cross</span> said Tweet this 

Dell Declines After Price Cuts, Component Costs Crimp Earnings (BusinessWeek.com - Technology) - Feb 19, 2010

‘More Conviction' "You have higher revenue but we didn't see it on the bottom line," said Shannon Cross, an analyst with Cross Research in Livingston, New Jersey "The question is, what is the potential profitability of their model?" 
Share:  "You have higher revenue but we didn't see it on the bottom line," said <span class="analyst">Shannon Cross</span>, an analyst with Cross Research in Livingston, New Jersey Tweet this 

Dell margins miss Street view (The Economic Times) - Feb 18, 2010

The disappointing margin, which reflects Dell's dependence on the computer hardware market, sent its shares down 5 percent in extended trading on Thursday and overshadowed its stronger than expected profit and revenue for the quarter Larger rival Hewlett Packard Co, which posted stronger results on Wednesday, had benefited from a more diversified revenue base than Dell, with income from software and services as well as hardware "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," said Cross Research Managing Director Shannon Cross Dell is heavily dependent on selling PCs to US businesses, so it suffered during the economic downturn but is expected to improve this year as tech spending recovers The company, which counts on desktop and laptop sales for more than half of overall revenue, has stressed profitability over growth and stayed clear of the PC price war waged by HP and Acer Inc, which displaced Dell as the world's No 3 PC maker last year 
Share:  "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," said Cross Research Managing Director <span class="analyst">Shannon Cross</span> Tweet this 

Dell margins miss Street view, shares fall (International Business Times) - Feb 18, 2010

While Dell's revenue topped expectations on strong laptop sales, the margins reflected the company's reliance on the personal computer hardware market. Larger rival Hewlett Packard Co, which posted strong results on Wednesday, is more diversified than Dell, providing services as well "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," said Cross Research Managing Director Shannon Cross She also said that Dell's operating expenses did not fall as much as some investors had hoped Dell, the world's No 3 PC maker, said on Thursday that net profit fell to $334 million, or 17 cents a share, in its fiscal fourth quarter ended , from $351 million, or 18 cents a share, in the year ago period 
Share:  "I think people are concerned on the gross margins, clearly the revenue is strong, they had strength in the PC business as well as in the servers business, but there wasn't as much leverage as maybe people had expected," said Cross Research Managing Director <span class="analyst">Shannon Cross</span> Tweet this 

Dell Profit Margin Misses Estimates as Earnings Slip (Bloomberg) - Feb 18, 2010

He's also promised to be more active on acquisitions and aims to cut $4 billion in costs by the end of fiscal 2011 "People are expecting, with all of the cost reductions that Dell is doing right now, that you would have seen a bit more flow through to the bottom line," said Shannon Cross , an analyst with Cross Research in Livingston, New Jersey She said the gross margin was "light" "If they price aggressively, they get some revenue but they don't get the margin The question is, what is the potential profitability of their model?" 
Share:  "People are expecting, with all of the cost reductions that <span class="company">Dell</span> is doing right now, that you would have seen a bit more flow through to the bottom line," said <span class="analyst">Shannon Cross</span> , an analyst with Cross Research in Livingston, New Jersey Tweet this 

Hewlett Packard's 25% Profit Jump Signals Tech Comeback (Daily Finance) - Feb 17, 2010

"The company is executing extremely well in a somewhat challenging environment," Shannon Cross, an analyst at Cross Research Bloomberg "HP is extremely well positioned to benefit from an improved economy over the coming quarters" HP is the world's largest manufacturer of personal computers and accessories such as printers, so the strong results offer further evidence that the technology sector is returning to life Last year had been abysmal as consumers deferred purchases for most of the year and companies basically halted new tech spending HP reported strong PC and printer sales in the final holiday months of 2009, as consumers returned to the marketplace 
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Share:  "The company is executing extremely well in a somewhat challenging environment," <span class="analyst">Shannon Cross</span>, an analyst at Cross Research Bloomberg Tweet this 

Lexmark profit exceeds estimates, shares jump (Reuters Business News) - Feb 02, 2010

Wall Street had expected 61 cents a share "We believe the magnitude of the beat and the solid guidance should help propel Lexmark's shares higher, warranting a valuation well into the mid $30s," said Barclays Capital analyst Ben Reitzes, raising his target price on Lexmark shares to $39 from a previous $34 target The shares, which had languished over the past three months on cautious views of the economy, rose 113 percent to $2984 Analysts were also impressed by the improvement in fourth quarter gross margins, which rose to 369 percent from 304 percent a year earlier thanks to cost cuts Shannon Cross, an analyst at Cross Research, had expected 320 percent 
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Share:  Analysts were also impressed by the improvement in fourth quarter gross margins, which rose to 369 percent from 304 percent a year earlier thanks to cost cuts <span class="analyst">Shannon Cross</span>, an analyst at Cross Research, had expected 320 percent Tweet this 

Apple: Analysts Love The iPad (Tech Trader Daily) - Jan 28, 2010

Keith Bachman, BMO Capital: He projects 25 million iPad units in FY 2010 and 55 million units in FY 2011 Scott Craig, Bank of America/Merrill Lynch: He forecasts Apple to ship 125 million units in FY 2010 and 375 million in FY 2011 Shannon Cross, Cross Research: "Apple's iPad offering is very strong with a compelling form factor and price point…could add over $100 per share to non GAAP EPS during the first year" Richard Gardner, Citigroup: "Looks essentially like a super sized iPod Touch…Investors are extrapolating that unit estimates could be materially higher than expected given the $499 base price The flip side is that the low price point together with overlapping features does increase the risk of cannibalization of iPod touch sales" 
Share:  <span class="analyst">Shannon Cross</span>, Cross Research: "<span class="company">Apple</span>'s iPad offering is very strong with a compelling form factor and price point…could add over $100 per share to non GAAP EPS during the first year" Tweet this 

Apple Tablet: Stock Action on Big Unveils (WSJ Blogs - Market Beat) - Jan 27, 2010

Shares fall 64% to $3228 "Apple suffers a lot because the expectations for the company around their announcements are so high," Shannon Cross, a financial analyst at Short Hills, NJ based Cross Research tells the Associated Press "With Apple more than others, it's always buy on rumor sell on news It's impossible for them to meet everyone's expectations" Sept 7, 2005 — Apple iPod phone made by Motorola Inc Called the ROKR, the phone is set to sell for $249 and hold up to 100 songs 
Share:  "<span class="company">Apple</span> suffers a lot because the expectations for the company around their announcements are so high," <span class="analyst">Shannon Cross</span>, a financial analyst at Short Hills, NJ based Cross Research tells the Associated Press Tweet this 

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Shannon Cross

Cross Research

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