Exit ClickSoftware: sold to Francisco Partners for $ 433 million in cash
The price reflects a premium of 30% over yesterday's closing price on Nasdaq ■ Israeli software company has chosen the US investment bank Jefferies as an intermediary in the transaction
Dror Reich |
Private equity fund Francisco Partners, the US (FP) Acquires Israeli ClickSoftware
charge $ 433 million. This is the premium of about 30% on last night's closing price on Nasdaq. The transaction will be carried out in cash.
The Marker Israel
From TheMarker Israel
”Welcome to the great iPhone debate of 2015: Have sales of the larger-screened phones peaked?” Tim Higgins reports for Bloomberg. “A day after Apple Inc. posted a 33 percent jump in quarterly earnings, shares rose and fell on Tuesday as investors questioned whether Chief Executive Officer Tim Cook can keep iPhone sales roaring and continue to turn in revenue growth in excess of 20 percent a quarter.”
“‘Potential upside from iPhone seems to be waning and we see more risk to consensus F2016 estimates than upside opportunity,’ Andy Hargreaves, an analyst at Pacific Crest Securities, wrote in a note to investors. Analysts’ consensus estimates for next year anticipate ‘iPhone, iPad and Apple Watch unit sales that are at the high end of or above what we believe is likely, which suggests our expectations are meaningfully low or new categories are needed to make up the difference,’ Higgins reports. “Indeed, Apple will face tough year-over-year comparisons in the next fiscal year, when there won’t be the same pent-up demand for Apple’s first large-screen iPhones, according to a report by Bloomberg Intelligence.”
“Apple, for its part, says the momentum will continue. The iPhone 6 and 6 Plus, which debuted in September, helped boost Apple’s phone unit sales for the recent quarter by 40 percent globally and more than 70 percent in China, where the new larger screens are especially popular. Apple estimates that only 20 percent of its active installed base of iPhone users has upgraded to the new device,” Higgins reports. “The company forecast revenue will rise 23 percent to 28 percent in the current period from a year earlier. That outlook suggests iPhone sales may rise 31 percent this quarter to 46 million, Piper Jaffray’s Munster wrote in a note to investors Monday.”
Read more in the full article here.
MacDailyNews Take: We have to conclude that either Andy Hargreaves is gambling that something unforeseen will happen that will make him look like genius or that he’s simply not a smart man. At this time, we lean heavily towards the latter.
When Tim Cook says publicly that the data to which he’s privy suggest “there’s plenty of upgrade headroom” to iPhone, we recommend that analysts listen to him versus coming up with their own cockamamie theories of “waning” based upon, you know, “seems.”
Hargreaves’ load, er… note has been iCal’ed for future reference.
Oh, by the way:
This genius Andy Hargreaves told his clients, who must be braindead to employ Andy, to sell their shares of Apple Inc. one week ahead of Apple’s unveiling of iPhone 6 and iPhone 6 Plus. At the time, AAPL had dropped under $100 per share.
”Apple shares are up 18 percent this year, with the latest good news coming in the form of Apple’s first-quarter earnings report,” Alex Rosenberg reports for CNBC.
“Meanwhile, Apple bears are hurting. And one market strategist says that it’s time for them to seek professional help,” Rosenberg reports. “‘We would encourage those professionals who love to hate AAPL to book themselves a series of therapy appointments,’ said Neil Azous, a market advisor with Rareview Macro. ‘This story for Apple just has a lot of legs to go higher. And it’s very difficult when you look at the combination of their guidance, their capital redeployment plans, and their margins, to be pretty negative on the stock, when you think about it in the medium-term.'”
“The therapy is required, says Azous, because skepticism about the stock runs so deep as to border on pathological,” Rosenberg reports. “‘When you look at what they’re geared to going forward, it has so many things that people disbelieve in, such as, it’s geared to China, emerging markets, new products that people don’t want to embrace. And when you’re in that big of a situation of denial, it requires a certain set of therapy’ sessions.”
They can't only tomorrow WS basta..s are the problem. Those sick pathetic few analysts who can't admit their total shame and disgrace continue their campaign with their stupid analogy.
AAPL earnings grew 40% YOY yet the stock is down 1.5% go to he"ll WS. The Korean knows how to reward their biggest company unlike the crime committed in WS.
Those idiots who sell based on some idiotic comments by some analysts are so stupid. Every time we hear the same stupid comments by some stupid analysts that aapl peaked. They were probably so shocked by aapl numbers that those clowns didn't paid any attention to cook comments. He talked about the 20% install base that upgraded and he takes about the switchers. Android losing costumes to Apple. He repeated the word switchers 5 times yet those clowns continue their stupidity trying to explain their failure once again to predict Apple.
Apple price target raised to $163 from $145 at Goldman
1.5% MSFT on pathetic numbers shot 10% we get this garbage?
Apple price target raised to $155 from $134 at Baird
Subscribe for More Information
07:58 EDT AAPL Apple strong results consistent with surveys, says Canaccord
Subscribe for More Information
Apple price target raised to $163 from $151 at CLSA