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Technology Stocks : Nokia (NOK)
NOK 6.270-1.4%Dec 12 9:30 AM EST
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To: sylvester80 who wrote (31249)8/27/2012 3:12:56 PM
From: puborectalis  Read Replies (2) of 34857
 
Wells Fargo Securities analysts raised their estimates for Apple to $740-$760, from a target range of $640-$660, saying the ruling represented "a strong first step for Apple in its patent war." With the release of the iPhone 5 slated for later this year, the patent ruling comes "heading into what is likely the strongest product cycle ahead in the company's history."

Oppenheimer analyst Ittai Kidron raised Apple's price target 18%, to $800 from $680, noting "the immediate impact on numbers might not be significant," Mr. Kidron said. "This is a key win for Apple, but the war's not over."

Stifel Nicolaus analyst Aaron Rakers said he expects Apple to license patents to Samsung, which would support Apple's bottom line, a development that could add about $8 billion to Apple's revenue and $7-$8 in earnings per share in fiscal year 2013.
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