"The mobile Internet is ramping faster than desktop Internet did, and we believe more users may connect to the Internet via mobile devices than desktop PCs within five years." - from the mega-Morgan Stanley tech report, released this morning.
Shares of Best Buy take a hit after the electronics retailer said lower prices on notebook computers and flat-panel TVs would eat into gross margins. Analyst Brian Nagel of Oppenheimer & Co. discusses the results with MarketWatch's Andria Cheng.
Pull the Plug on Best Buy With the electronics retailer's stock down on news of weak margins, investors should look elsewhere to recharge their portfolios.
Customers snapping up electronics and gift cards for the holidays boosted Best Buy's third-quarter profit, but the nation's largest electronics retailer said Tuesday that shoppers are focused on prices, particularly of TVs and computers.
Boosted by U.S. holiday shoppers buying items from laptop computers to mobile phones, Best Buy's third-quarter profit more than quadruples as the retailer raises its forecast for the full fiscal year.
Top U.S. electronics chain Best Buy Co said gross margins during the holiday season would fall short of expectations as it sells more discounted goods like flat-screen televisions, sending shares down 8 percent.
Retail stocks fall after No. 1 U.S. electronics chain Best Buy Co. says fourth-quarter gross margin, a measure of profit, would be worse than expected in the face of deflation in notebook computers and flat panel televisions.
Boosted by U.S. holiday shoppers buying items from laptop computers to mobile phones, Best Buy's third-quarter profit more than quadruples as the retailer raises its forecast for the full fiscal year.
Top U.S. electronics chain Best Buy Co reported a higher-than-expected quarterly profit, but its shares fell after it said gross margins in the current holiday quarter would be lower than it had expected.
SEATTLE----Amazon and FranklinCovey Co. today announced that electronic versions of Stephen Covey's bestselling books, "The 7 Habits of Highly Effective People" and "Principle-Centered Leadership," are now available exclusively in the Amazon Kindle Store for $7.99 .
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