From: Investor's Business Daily<ibd@ibd1.investors.com>
To: david@coronariversidehomes.com
Received: Wednesday, May 27, 2009 02:22 AM
IBD Tech Report Newsletter
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We're excited about the international opportunity — 95% of the market is outside the U.S. A market like Japan is actually twice as big as the market here in the U.S. for language training.
The iPhone maker surged 6.8% to 130.78 after Morgan Stanley raised it to overweight, saying Apple's (AAPL) the clear leader in the battle over the mobile Web. It has a 38% share of that market, up from 5% a year ago, the bank said. Morgan Stanley said that 4 bil cell phones are now capable of accessing the Internet. The bank sees a lower iPhone price of $99-$149 driving demand up by 50%-100%. It sees '09 EPS of $5.48, a cent below views, and '10 EPS of $7.03 vs. views of $6.19.
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