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Apple Media Event Bullet Points

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Plenty of news items from today's Apple media event. New iPods. Addition of HD TV show downloads available iTunes. A "Genius" function at iTunes to create custom playlists. No music subscription service was announced. Apple's share price is down 7.2% from its high yesterday and fell 3% during the presentation.

Who's Doing Their Research?

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I was surprised when I read that a Wedbush Morgan Securities analyst lowered Warner Music Group's 12-month target price to $7 from $9. The lower target isn't a surprise, but the timing is curious...because it's so late.

What Is Your Market Cap?

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Market capitalization is a measurement of corporate or economic size equal to the share price times the number of shares outstanding of a public company. As owning stock represents owning the company, including all its assets, capitalization could represent the public opinion of a company’s net worth and is a determining factor in stock valuation. [...]

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