Boulder, Colorado based Rally Software has filed an S-1 registration statement with the U.S. Securities and Exchange Commission as part of a $70 million IPO. Deutsche Bank and Piper Jaffray will be the lead book-running managers for the IPO. Needham & Company, JMP Securities, and William Blair & Company will be co-managers of the deal.
Piper Jaffray Companies Posts
Piper Jaffray analyst Gene Munster is predicting that Apple will sell 10 million iPhone 5 units in the first 3 weeks on the market. It took Samsung about 50 days to reach that same 10 million unit sales number for the Galaxy S III. Apple sold 4 million iPhone 4S devices in the first weekend of being released on the market.
Kayak.com, the hotel and flight search engine company, has filed for a $100 million IPO with a trading range of between $22 to $25 on the Nasdaq exchange. Kayak will trade under the symbol “KYAK.” Kayak will offer four million shares and will raise a maximum of $100.6 million, which is twice as much as their initial filing.
Piper Jaffray Senior Research Analyst Gene Munster has been focusing on Internet companies since 1995. Munster is predicting that Apple will launch an LCD TV set during in the first half of 2013. The Apple television set will retail for between $1,500 and $2,000 with screen sizes that range between 42 inches and 55 inches.
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Piper Jaffray Senior Research Analyst Gene Munster told investors on Tuesday that he recently spoke to a major TV component supplier to learn more about Apple’s rumored plans to release a connected HDTV. The supplier confirmed with Munster that Apple did contact them “regarding various capabilities of their television display components.”
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Sky-mobi Ltd. is a China based mobile application store service under the name of Maopao that has filed for an IPO this past Friday. The company is hoping to raise $150 million in the IPO. In a filing with the SEC, Sky-mobile did not specify how many American depositary shares they would be offering. They plan to trade on the Nasdaq Global Market under “MOBI.”
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The launch of the Palm Pre in stores took place over the weekend. Piper Jaffray analyst Michael Walkley claimed that the launch of the Pre was a “solid” success. Over 50,000 units were sold in the first two days. I’m assuming that most people that bought the phone knew about the pros and cons beforehand. I tried searching for a list of the pros and cons on the web, but I haven’t seen much of a list yet. Since there isn’t much info about the pros and cons out there, below is a list of them for you.
- WebOS is fast and easy
- Screen is high quality
- Network speed is fast
- Web browser is fast
- Option to use keyboard along with the touchscreen
- GMail push works
- Speaker is loud and clear
- Ability to multitask
- Threaded SMS
- Keyboard is small
- Finger prints tend to remain on the screen
- Battery life isn’t that great (1 hour conversation takes up about 30% battery)
- No expandable memory option
- Tethering doesn’t work
- No ability to search e-mail
- Cut and paste has limitations
- Only a few applications available for download (App Catalog)
- Phone warms up pretty quickly
- CDMA (Sprint-only)
Piper Jaffray States That Application Store Could Increase Apple Sales By $1.2 Billion Market in 2009
Following Monday’s announcement at the WWDC in San Francisco, investment banking company, Piper Jaffray Piper Jaffray Companies (NYSE:PJC) wants investors to bring their attention to the App Store of Apple Inc. (NASDAQ:AAPL). PJC analyst, Gene Munster stated that his prediction of the App Store becoming a $1.2 billion market is a best case scenario which could possibly add 1-3% in Apple’s operating income.
Munster analyzed that if 91% of Apple’s 85 million customers (61.3 million iPhone customers and 23.4 million iPod Touch customers) go into the App Store once during the course of 2008-2009, then the $1.2 billion expecation is possible.
Munster also based on Apple CEO, Steve Jobs’ assumptions about how many iPhone users surf the web (98%), send text messages (90%), and use 10+ integrated features on the phone (80%). If 77.7 million users download one or two applications from the App Store per year @ an average App cost of $10, about $777 million could be added in sales and $163 million in profit. If the adoption of the App Store is higher (which may be expected given the UI of the iPhone), it would bump up sales for Apple by $1.2 billion and profit of $254 million.
The Apple App Store is expected to launch on July 11, 2008 with the new 3G iPhone.
 AppleInsider: Apple’s App Store could emerge as $1.2B business by 2009 by Katie Marsal