Dell Dealing, Apple Reeling — Monday’s IP Market Recap

by Marc Bastow | January 14, 2013 4:58 pm

Dell Dealing, Apple Reeling — Monday’s IP Market Recap

IPMarketRecap Dell Dealing, Apple Reeling    Monday's IP Market Recap[1]Monday was a mixed day for the markets, but a pretty big day for tech.

Dell (NASDAQ:DELL[2]) made the biggest noise Monday, shooting up more than 12% on unconfirmed reports that the computer maker was talking to private-equity firms about a possible deal[3]. No names were named in any of the reports, but several banks have been notified of the move, Bloomberg says.

Apple (NASDAQ:AAPL[4]) continued its long-running downward trend and briefly dipped below $500[5] following reports that the company cut orders for iPhone 5 components thanks to weak demand. Apple shares fell just less than 4% by day’s end.

Hewlett-Packard (NYSE:HPQ[6]) was the Dow Jones‘ top gainer, rising 4% amid news that it was the top maker of personal computers[7] in 2012 — and not Lenovo (PINK:LNVGF[8]), which reportedly had taken the top spot in Q3 last year.

Last but not least, Research In Motion (NASDAQ:RIMM[9]) jumped another 10% Monday, putting RIMM shares at 90% gains in the past few months as suspense builds over this month’s launch of BlackBerry 10[10].

At the end of the day, the Dow was ahead 0.14% to finish at 13,507.32, the Nasdaq declined 0.26% to 3,117.50 and the S&P 500 slid fractionally to 1,470.68.

Elsewhere on Wall Street, UPS (NYSE:UPS[11]) announced it is scrapping plans for a $6.8 billion merger[12] with smaller dutch delivery company TNT Express (PINK:TNTEY[13]). UPS blamed the European Commission’s antitrust regulators for ruining the deal; still, UPS shares rose just less than 2% Monday.

Swiss watchmaker Swatch (PINK:SWGAY[14]) is buying Hollywood’s go-to jeweler, Harry Winston[15]. Shares of the jewelry company’s parent company, Harry Winston Diamond (NYSE:HWD[16]) — which will change its name after the sale — rose more than 4% while Swatch moved ahead by more than 3%.

Lastly, Fifth & Pacific (NYSE:FNP[17]) — which includes Lucky and Kate Spade brands — gained more than 11% despite reporting a 2% decline in Juicy Couture same-store sales and providing disappointing earnings guidance.

Three Up

Three Down

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he is long AAPL.

Endnotes:
  1. [Image]: http://www.investorplace.com/hot-topics/investorplace-market-recap/
  2. DELL: http://studio-5.financialcontent.com/investplace/quote?Symbol=DELL
  3. talking to private-equity firms about a possible deal: http://www.bloomberg.com/news/2013-01-14/dell-is-said-be-in-buyout-discussions-with-private-equity-firms.html
  4. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  5. briefly dipped below $500: http://investorplace.com/2013/01/apple-and-iphone-trouble-either-sell-now-or-hold-for-a-year/
  6. HPQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=HPQ
  7. was the top maker of personal computers: http://www.mercurynews.com/business/ci_22371636/hewlett-packard-remained-king-pc-sales-2012
  8. LNVGF: http://studio-5.financialcontent.com/investplace/quote?Symbol=LNVGF
  9. RIMM: http://studio-5.financialcontent.com/investplace/quote?Symbol=RIMM
  10. launch of BlackBerry 10: http://investorplace.com/2013/01/should-i-buy-research-in-motion-3-pros-3-cons/
  11. UPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=UPS
  12. scrapping plans for a $6.8 billion merger: http://investorplace.com/2013/01/the-deals-off-ups-gives-up-on-6-9b-takeover/
  13. TNTEY: http://studio-5.financialcontent.com/investplace/quote?Symbol=TNTEY
  14. SWGAY: http://studio-5.financialcontent.com/investplace/quote?Symbol=SWGAY
  15. buying Hollywood’s go-to jeweler, Harry Winston: http://investorplace.com/2013/01/swatch-to-spend-1-billion-to-buy-prestigious-brand/
  16. HWD: http://studio-5.financialcontent.com/investplace/quote?Symbol=HWD
  17. FNP: http://studio-5.financialcontent.com/investplace/quote?Symbol=FNP
  18. FLO: http://studio-5.financialcontent.com/investplace/quote?Symbol=FLO
  19. SHLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=SHLD
  20. RSH: http://studio-5.financialcontent.com/investplace/quote?Symbol=RSH
  21. CRUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CRUS
  22. GMCR: http://studio-5.financialcontent.com/investplace/quote?Symbol=GMCR
  23. FRAN: http://studio-5.financialcontent.com/investplace/quote?Symbol=FRAN

Source URL: http://investorplace.com/2013/01/mondays-ip-market-recap-aapl-hpq-intc-ge-jpm-bac/
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