Tech News: Apple Is Oversold, Says Analyst

By Anthony Shields  NOV 09, 2012 9:57 AM

Plus, Longbow Research still says you should buy Microsoft.


This column highlights the most interesting and useful tech news from around the Web.

Insider Monkey
Link: Apple Inc Is Oversold, Analyst Says
Apple Inc. (NASDAQ:AAPL) has been battered and beaten over the last several weeks, despite the launch of at least three new products and a new operating system (iOS 6) and some record sales numbers. While here have been some mixed reviews about the stock and the company, one analyst went on CNBC recently to talk about Apple Inc actually being oversold, setting a price target at $670.”
Link: IBM’s New Software Takes Aim at Huge, Complex Engineering Projects
"Today, IBM (NYSE:IBM) is rolling out a new product for software engineers, a lifecycle management system designed to let them 'step back and view a project in its entirety to better understand the hundreds of thousands of complex interactions.'
“These aren’t tools for churning out some hinky little side-project mobile app. Rather, IBM wants to help large enterprises with complex systems — think auto manufacturers or aerospace programs or Facebook (NASDAQ:FB) — to manage software where one tweak to one bit of code can have repercussions for any number of sections of the system’s total of 10 or 15 million lines of code.”
Link: Facebook's New Big-Data Tool Cranks Up Hadoop -- And It's Open Source
“Struggling with even the most cutting-edge big-data tools, developers at Facebook have announced a new open-source tool set, Corona, designed to enable data-processing on the incredible scale required by the massive social-media network.
“Admittedly, there aren't a lot of companies with big data this big, but Corona should have spill-over benefits for the entire Hadoop-using big data community. Increasing Hadoop's overall efficiency should make big data even more accessible and faster to use, enabling big data applications to disrupt even more industries.”
Daily Political
Link: Longbow Research Reiterates Buy on Microsoft Corp
Microsoft Corp's (NASDAQ: MSFT) stock had its 'buy' rating restated by equities researchers at Longbow Research in a report issued on Thursday. They currently have a $36.00 target price on the stock.
“Microsoft Corp traded up 0.09% on Thursday, hitting $29.1055. Microsoft Corp has a 52-week low of $24.30 and a 52-week high of $32.95. The company has a market cap of $245.0 billion and a price-to-earnings ratio of 15.72.”
Link: Google: Chrome Has Gotten 26 Percent Faster This Year
“It's not just your imagination -- Chrome (NASDAQ:GOOG) really is getting faster.
“Google said today that its JavaScript benchmark tool shows Chrome is 26 percent faster than it was last year.”
The New York Times
Link: RIM Drums Up Support for New BlackBerry Among the Loyal
“Like most technology companies, Research in Motion (NASDAQ:RIMM) used to surround BlackBerry smartphones in secrecy before announcing them at a showy event. For the BlackBerry 10, however, RIM is going with a slow reveal.

“About 250 politicians and bureaucrats squeezed into a gilded room at the Fairmont Chateau Laurier hotel in Ottawa on Wednesday evening for an advance look at some of the features of the BlackBerry 10, free drinks and a chance to win one of the smartphones as well as two BlackBerry PlayBook tablets.”
No positions in stocks mentioned.