The fundamentals in the mobile handset environment do not appear to be improving. In fact, recent news from component suppliers all point towards order push outs and delays in the release of new handsets.
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We met with BT's management yesterday and we did discuss the possibility of a break up. He thought the financial engineering could work but he thought long term separating BT Wholesale from BT Retail would destroy value.Merrill Lynch
Technology, demographics and industry consolidation are driving profound changes in the private-client business.
Merrill Lynch
Recent disruptions of crude oil production in Nigeria and tensions between the West and Iran over its nuclear program... have contributed to concerns about OPEC's ability to supply the market.
Merrill Lynch
The combination of the two rulings re-affirms our view that the majority of challenges to composition of matter patents are speculative and unlikely to be successful.
Merrill Lynch
With sustainable high-teens earnings-per-share growth, no matter what the cycle, we think a market multiple significantly undervalues this excellent retailer.
Merrill Lynch
We believe UPS is the most financially fit, well managed parcel company and, in our opinion, one of the quality management bets in the industry.
Merrill Lynch
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