Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, September 10, 2010

Article Excerpt

APPLE INC., $263.41, Nasdaq symbol AAPL, rose 3% this week after the company relaxed some of the restrictions it places on software developers who write programs for its iPhone and iPad mobile devices. Relaxing these restrictions will make it easier for programmers to write software for multiple devices. That should expand the number of programs available to iPhone and iPad users, and let Apple collect more fees from software sales. Apple is a buy. ADOBE SYSTEMS INC., $32.20, Nasdaq symbol ADBE, jumped 9% this week in response to Apple’s new software rules (see above). The change will let programmers write software that uses Adobe’s Flash technology for Apple’s products. However, iPhone and iPad users will still be unable to watch Flash-based Internet videos. That would require them to separately download and install the Flash software, which would violate their warranties. Adobe is still a hold. PHILIPS ELECTRONICS N.V. ADRs, $30.24, New York symbol PHG, has sold its remaining stake in NXP Semiconductors NV (Nasdaq symbol NXPI),…