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Appreciate -- Our let's get another take on apple as it relates to future demand for iPhone an inventory levels in Asia.
Joining me -- -- -- mystic Jefferies managing director an equity analyst who has a -- rating.
And an 800 dollar price target on the stock -- Peter I want to start right there.
500 dollars today pilot to pilot the -- you're saying 800 are you -- reevaluate.
You know we we've already baked in all of these cuts we've already looked at what the demand trends are and based on our work they sold over fifty million iphones in the quarter which would be a record.
And be significantly above the street so we feel pretty comfortable their numbers.
If we find.
Some of these cuts are component issues kind of curious coming about a month -- we first solvent.
A -- hearsay not -- -- -- at the same time the other piece of the pie here for analysts like yourself was that may be apple is a little.
Too optimistic for the fourth quarter too optimistic for sales coming into the first quarter of 2013.
We're getting bigger numbers from Samsung marketshare numbers to be gaining for Samsung.
Apple losing Smartphone -- sales as far as market share goes doesn't that factor into what we're hearing from the component makers.
It does it doesn't so the component makers haven't identified exactly who the cuts are from.
Let's just paint the picture in Q4 apple -- probably call -- fifty million iphones a Samsung did somewhere around eighteen million galaxies.
And they did around eight million.
Note -- so combined Samsung that somewhere around 46 million.
I -- apple was approximately double Samsung's true competitive area wouldn't you know apple does not compete at the -- land.
-- -- the mid and they only compete against that galaxy S three -- the -- note to so apples to apples comparison.
Apple still twice sides.
All right you know look at what is it what is you one man's treasure is another trash -- -- some kind of saying what regards about the net effect how to -- apple honorary right now.
But as -- saying a big jump in rim stock.
Based on this negative report again coming out of the journal concern about the component makers -- a scale back from apple does -- look.
Does that beaten down company like -- is that investors are saying hey wait a minute here -- -- deal actually buying today.
Well it's interest thing where if you look at the universe of beaten down tech companies we would include HB cell Research in Motion and Nokia.
If you look at that group that group has performed remarkably well in the last month.
It's been stunning actually -- the it's -- of that the dogs of the Dow theory.
We're seeing portfolio managers hedge fund managers come in and buy these names on high short interest and the view that there's an option value in all these names.
Clearly we think investors should be a little more -- more discerning -- careful.
In research emotions case there is a chance of success.
But it really going to be dependent on how enterprises.
Embrace their new handsets and how consumers are braced for new handsets and right now where to hold -- thirteen dollar target so.
We feel comfortable with that for the time being but certainly it it we wouldn't want to be short.
-- you I'm gonna be short but you may -- after -- night without one certainly less talk about another company mentioned very briefly -- -- you also.
Have a hold on -- Delhi should mention to our viewers -- at the same time.
Big news crossing reports they're looking to go private.
Could be a good thing for the company but what does this mean for shareholders.
Well for shareholders -- mean up -- higher price.
The gas would be somewhere around fifteen dollars where a private equity would need to bid in orders take this private.
So it is big news if true we think that there's probably some truth to it.
But getting the deal done in the fine print is very difficult just ask Best Buy in the former founder there pulling together deal can be very challenging.
But -- condone making inroads against the leader market PC -- went out as Hewlett-Packard has seen that one of the biggest problems over the cup -- couple years for Dell have been.
Hewlett-Packard where -- that's -- stand in your opinion.
Well if if -- were -- and I with a private equity investors I would almost say to the that the PC business is surrounding air.
I would focus primarily on the server side the services side -- business and I'd say look I've got the strongest SMB business in the world.
I'm really gonna monetize that and a look at the cash flows there so that that's why would folks out almost completely dismiss the PC side -- -- All right wolf Peter -- a Jefferies managing director Peter a great to have you on the show especially Daley today when they're so much news coming out of your particular sector Peter thank you very much.
Thanks from me.
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