Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Canaccord Genuity Recaps PIMCO

By

Plus, a look at Apple and Toll Brothers.

PrintPRINT
Apple (NASDAQ:AAPL): iClaim.

In a patent application published a few days ago, "Wireless Power Utilization in a Local Computing Environment," Apple has appeared to have filed for some technology that looks like wireless charging heaven. Using near-field magnetic resonance, Apple aspires (in theory) to create a wireless charging dome that reaches out up to a meter from the source, powering anything nearby with near-field magnetic resolution (NFMR) resonator circuits in them. Mice, keyboards, phones, remotes, whatever. It's a dream come true. Or rather it could be a dream come true, Gizmodo noted yesterday, if this is actually coming down the development pipe and works according to plan. Sure, jacking up NFMR so that the "near-field" is several feet could charge distant devices, but it could also your credit card, and who knows what else.

On top of that, there's also the chance this patent is more of a defensive move, and that this kind of charging is still a way off, but the patent was filed "just in case." Note that a company called WiPower file the patent in 2008 on the concept of wireless charging as a whole. That company was later acquired by Qualcomm (NASDAQ:QCOM) with the patents becoming the foundation for The Alliance For Wireless Power along with some intellectual property provided by alliance member Samsung (PINK:SSNLF).

Toll Brothers (NYSE:TOL): Selling homes on the road to recovery.

Toll Brothers, America's largest luxury homebuilder, reported a higher quarterly profit and said new orders rose sharply, indicating that the US housing market is well on its way to recovery. Net income rose to $411.4 million, or $2.35 per share, in the fourth quarter from $15.0 million, or $0.09 per share, a year earlier. The fourth-quarter profit included a net tax benefit of $350.7 million while revenue rose 48% to $632.8 million. Toll's net signed contracts jumped 70% to 1,098 units in the fourth quarter ended October and the company's backlog climbed 54%. The company's cancelation rate -- the number of cancelations divided by the number of signed contracts -- fell to 4.6% in the August-October quarter from 7.9% a year earlier.

"With this backlog, and the lowest cancelation rate in our industry, we believe we will deliver between 3,600 and 4,400 homes in 2013 at an average price between $595,000 and $630,000 per home," Chief Financial Officer Martin Connor said in a statement, implying a 34% increase in deliveries.

Editor's note: For more information on Canaccord Genuity, click here.
No positions in stocks mentioned.
Canaccord Financial and its affiliated companies may have a Corporate Finance or other relationship with the companies mentioned and may trade in any of the Designated  Investments mentioned herein either for their own account or the accounts of their customers, in good faith and in the normal course of market making. The authors have not received, and will not receive, compensation that is directly based upon or linked to one or more specific Corporate Finance activities, or to coverage herein.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE