Marvell Technology Inc (MRVL)

[DJinNJ]

Apple COO Cook Reportedly Confirms Forecast For 10 Million iPhone Sales In 2008; Stock Jumps After Hours
February 27, 2008, 5:33 pm

Apple (AAPL) shares are making a nice move after hours, apparently in response to a talk COO Tim Cook gave a little while ago at the Goldman Sachs tech conference in Las Vegas. I’m trying to track down a transcript or a playback; no luck so far. However, the talk was covered by live by MacDailyNews, which will have to do for now.

(A spokesman for Apple tells me that a playback should be on the Apple IR web site soon; I will add a link once they have it live.)

A few tidbits from the MacDailyNews account:

* He was bullish on Mac: “huge headroom,” iPhone: “enormous potential,” iPod: “transforming into first mobile platform” with the Touch, and AppleTV “potential exists for enormous opportunity.”
* Lower price on Shuffle should help sales in emerging markets.
* To Apple, iPod does not feel like a saturated market.
* On track for 10 million iPhones in 2008.
* iPhone unlocking shows pent-up worldwide demand.
* Did not rule out selling unlocked iPhones; will roll out in more markets.

In after hours trading, Apple is up $4.54, or 3.7%, to $127.50; the stock was up $3.81 in the regular session.

http://blogs.barrons.com/techtraderdaily/2008/02/27/apple-coo-cook-reportedly-confirms-forecast-for-10-million-iphone-sales-in-2008-stock-jumps-after-hours/