Verizon INTRODUCES Starter Droid and 3 Dow Movers Demanding Attention
Microsoft Corporation (NASDAQ:MSFT) and Nokia Corporation (NYSE:NOK) will likely benefit from the misfortune of Samsung Electronics (SSNLF.PK), as some of its products face a possible ban. The two firms should grow their domestic sales of smartphones, as handset makers are pressured to find alternatives for Google’s (NASDAQ:GOOG) Android software, according to Bloomberg.
AT&T, Inc. (NYSE:T) is said to have issued a vacation blackout for September 21st through the 30th, according to a Sunday report by TechCrunch, but 9to5Mac says on Monday that AT&T denies that a company-wide blackout is in effect for that period. In addition, some representatives for the firm have suggested that more employees are being put on duty, but that there is no blackout.
Verizon Communications Inc.’s (NYSE:VZ) debut smartphone, the Pantech Marauder, might be followed by yet another such device that will target first-time Android adopters. A Samsung product might be in the works, says the android blog Droid Life, which could be similar, but an offer from a bigger brand. The only detail to emerge so far, is that a Samsung Galaxy Stellar 4G should run for $99 along with a two year service agreement. Also, the smartphone will probably be equipped with a “Starter mode” featuring on-device help, and likely, the mode contains a pre-set layout with tips, tutorials, and application settings to assist Android newcomers in running their device painlessly.
Wal-Mart Stores Inc. (NYSE:WMT) is a customer of Grove Square, which is a division of TreeHouse Foods, Inc. (NYSE:THS). The latter is ready for the September 16th expiration of Green Mountain Coffee Roasters, Inc.’s (NASDAQ:GMCR) patent on single serve coffee K-cup pods, as the former’s Grove Square unit sells single serve coffee which can be used in Green Mountain’s Keurig coffee makers. On Monday, Citigroup noted to investors that it has upgraded TreeHouse to Buy from Neutral, pointing out the upcoming intro of that company’s K-cup coffee. The analyst figures that the launch will boost TreeHouse’s earnings per share by 10 cents in 2013, and that the product might bring as much as $1.40 of annual earnings within the next several years. Additionally, it is expected that Treehouse’s K-Cup coffee should drive strong sales as its retail price will be 20 percent under that of Green Mountain. Citi raised its target price on the shares from $56 to $61.
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