By Michael Shulman : You think the market is rational? Google ( GOOG ) had 5% profit growth and the stock went up 5%. Apple ( AAPL ) announced 13.5% profit growth and the stock sold off, after hours, 4%. Google sells for 31 times trailing earnings and has declining average click prices. Apple sells ...
Apple stock analyst Rick Hanna sees Google CEO Eric Schmidt’s resignation from Apple's board as recognition of the firms' growing competition in the mobile phone and software space but does not see Google as a threat to Apple's long-term competitive advantage.
Research in Motion's disappointing results highlight how far behind the BlackBerry has fallen, but the firm has the resources to avoid fading into obsolescence, says Morningstar's Joe Beaulieu.