Resources

15 Resources for

eric savitz and retail

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BNET Resources

Best Buy Plans to Launch Digital Media Investment Fund
Eric Savitz (Barron's) submits: Best Buy BBY will launch an investment fund focused on digital media to be run by Velocity Interactive Group, a venture firm created by former News Corp. exec Ross Levinsohn. According to the Financial Times, Jonathan Miller, a former AOL exec who now heads Internet...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-05-28
Best Buy: Time to Shop Elsewhere, Morgan Says
Eric Savitz (Barron's) submits: Morgan Stanley analyst Gregory Melich Friday morning cut his rating on Best Buy BBY to Underweight from Equal Weight, noting that the consumer electronics retailer’s stock has outperformed the S&P 500 by 80% since last October. At Thursday’s close at $39.04, he says, the stock...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-05-08
Best Buy: Our Sales Staff Rocks, So We're Cutting Their Salaries
Eric Savitz (Barron's) submits: There are the things that you say. And then there are the things that you do. Electronics retail giant Best Buy BBY has supplied a fine example of the difference. by Eric Savitz
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-04-16
Bidz.com Q1: Earnings Top Guidance, Revenues In Line
Eric Savitz (Barron's) submits: Bidz.com BIDZ posted Q1 revenue of $31.2 million, down 49.6% from $61.9 million a year ago, but in line with Street expectations. The company posted EPS of 7 cents a share, beating guidance of 4-5 cents, and the Street consensus of 5 cents. The online...
Tags: Retail, Eric Savitz, Bidz.com Inc.
External links 2009-05-05
Microsoft and Apple to Become Neighbors
Eric Savitz (Barron's) submits: Microsoft MSFT COO Kevin Turner said at the company ’s Worldwide Partner Conference Wednesday that the company this fall plans to open the first of its planned retail stores - right next to existing Apple AAPL stores, ZDNet reports. Microsoft announced plans for...
Tags: Retail, Eric Savitz, Apple Inc., Microsoft Corp.
External links 2009-07-15
GameStop Q2: Earnings, Guidance Disappoint
Eric Savitz (Barron's) submits: GameStop GME shares are headed sharply lower Thursday morning after the video game retailer posted disappointing results for the fiscal second quarter ended August 1 - and reduced its guidance for the fiscal year ending January 2010. For Q2, the company posted revenue...
Tags: Retail, Eric Savitz, GameStop Corp.
External links 2009-08-20
Is Best Buy Picking Up Steam?
Eric Savitz (Barron's) submits: Best Buy BBY shares are gaining ground Wednesday following upbeat comments on the electronics retailer from Piper Jaffray analyst Mitchell Kaiser. Kaiser Wednesday repeated his Overweight rating on the stock, lifting his price target to $50, from $42. He also raised his EPS...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-09-02
Best Buy Q1: Earnings Top Estimates, Market Share Increases
Eric Savitz (Barron's) submits: Best Buy BBY Tuesday morning posted revenue for its fiscal first quarter ended May 30 of $10.095 billion, up 12% year over year, and about in line with the Street consensus of $10.13 billion. Adjusted EPS of 42 cents a share beat the Street view...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-06-16
Best Buy: Will It Benefit from Rivals' Pain?
Eric Savitz (Barron's) submits: Piper Jaffray retail analyst Mitchell Kaiser this morning raised his rating on Best Buy BBY to Buy from Neutral, while boosting his price target to $33 from $22. His theory is that the benefits to the company from the bankruptcy of Circuit City (CCTYQ.PK) outweigh...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2008-12-15
Best Buy Gains Market Share, Starts Selling Refurbished iPhones
Eric Savitz (Barron's) submits: Without changing his rating or estimates, Stifel Nicolaus analyst David Schick Tuesday morning sifts through some implications of the holiday selling season for Best Buy BBY, which is to report earnings on Friday, before market open. Schick thinks that Best Buy will report comparable-store sales...
Tags: Retail, Eric Savitz, Best Buy Co. Inc.
External links 2009-01-06
Blockbuster: Financing Issues Pressuring Shares
Eric Savitz (Barron's) submits: Blockbuster BBI shares this morning are selling off sharply on concerns about the company’s significant financing needs in the year ahead. On the retailer’s post-earnings conference call last night, CFO Thomas Casey noted that Blockbuster has a $28 million term loan and a revolving...
Tags: Financing, Blockbuster Inc., Seeking Alpha, Investment, Financial Accounting, Retail, Finance, Eric Savitz
External links 2008-11-07
Borders Stops Shopping Itself
Eric Savitz (Barron's) submits: Borders Group BGP late yesterday said it is “no longer contemplating” the sale of the company. (You have to think that’s because they can’t find anyone to buy it.) That news, combined with some fairly ugly results for the fiscal third quarter ended November 1,...
Tags: Retail, Eric Savitz, Amazon.com Inc., Borders Books & Music
External links 2008-11-26
BIDZ: Amtech Suggests Creating Short Squeeze
Eric Savitz (Barron's) submits: Tim Boyd, an analyst at American Technology Research, thinks he has a solution for what ails shares of Bidz.com BIDZ: a company-engineered short squeeze. Boyd notes that through yesterday the stock was down more than 60% since the company posted Q3 financial results, which...
Tags: Retail, Eric Savitz, Bidz.com Inc.
External links 2008-11-20
Amazon's High Valuation Could Spell Trouble if Earnings Miss
Eric Savitz (Barron's) submits: So here’s the thing about Amazon.com AMZN: the stock trades at a significant premium to its peers, no matter how you define them. Retailers. Online retailers. Internet stocks. Amazon shares trade at a higher multiple than all of them. The valuation issue troubles Susquehanna Financial...
Tags: Valuation, Stock, Amazon.com Inc., Earnings, Seeking Alpha, Investment, Retail, Finance, Eric Savitz, Internet
External links 2008-11-10
LeapFrog: Sales Forecasts Miss Expectations
Eric Savitz (Barron's) submits: LeapFrog LF, which makes technology-based learning devices, Thursday afternoon issued guidance for the first two quarter of the year that fell short of Street expectations. For Q1, the company sees sales of $26 million to $30 million, well short of the Street consensus...
Tags: Retail, Eric Savitz, Leapfrog Enterprises Inc.
External links 2009-03-26

Additional Resources

Microsoft Sets Windows 7 Pricing
Eric Savitz (Barron's) submits: Microsoft MSFT has set retail pricing for Windows 7, and unveiled an upgrade program allowing anyone who buys a PC with Vista installed to upgrade to the new version of the OS once it launches in October. The upgrade program starts Friday. Accounting for the...
Tags: Software, Eric Savitz, Microsoft Corp.
External links 2009-06-25
Corning Sees LCD Sales 'On the Right Track'
Eric Savitz (Barron's) submits: Corning GLW shares were down sharply Monday despite what appear to be fairly upbeat comments from the company about the state of LCD television demand. In a release issued Monday morning ahead of an appearance today at the Morgan Stanley technology conference in San...
Tags: Gadgets, Eric Savitz, Corning Inc.
External links 2009-03-02
Amazon: RBC Cuts Estimates Citing Weak Spending
Eric Savitz (Barron's) submits: Shares of Amazon.com AMZN are down more than other techs Tuesday, falling $3.96, or 6.35%, to $58.08, after RBC Capital Markets analyst Stephen Ju cut his revenue estimate for this year by a billion dollars — from $20 billion to $19 billion — saying that...
Tags: Internet
External links 2008-10-14
The Next Step for Google: Enterprise Revenue in the Cloud
Eric Savitz (Barron's) submits: There’s an old debate in the Valley about whether Google GOOG is really a media company or a technology company. In a sense, it is a silly debate, which is mostly a matter of semantics. A better question is this: now that Google has become...
Tags: Internet, Eric Savitz, Google Inc.
External links 2009-03-22
Analysts Weigh In on Best Buy: How Much Will TV Glut Hurt?
Eric Savitz (Barron's) submits: Best Buy BBY shares are coming under pressure this morning from UBS analyst Brian Nagel, who cut his rating on the stock to Neutral from Buy. He trimmed his price target to $48, from $59, and cut his EPS estimate for the February 2010 fiscal...
Tags: Best Buy Co. Inc., Retail
External links 2008-09-12
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