- price target cut to $235 from $250
- For the September 2009 fiscal year, Munster cuts his revenue estimate to $38.86B from $40.45B; EPS goes to $5.46 from $5.67. For FY 2010, his revenue outlook drops to $50.08B, from $51.76B

Other headlines for [AAPL]

• 2357.TT Yesterday 08:30pm
  Asustek Computer UPDATE: The company expects to report a Q4 loss, lowers shipment forecast due to lower than expected demand- Sees a Q4 net loss margin at its branded unit of up to 5%, operating loss margin seen as more...
  
• INTC 1/7/2009 09:00am
  Intel Corp Cuts forecast, Q4 Rev at $8.2B V $8.74Be ($9B prior estimate) - Q4 gross margins at low end of estimates at 55% +/- 'a couple points' - As a result of the year-end market price of Clearwire more...
  
• AAPL 1/7/2009 07:35am
  Apple Inc BofA/Merrill Lynch maintains buy rating, price target $110- Firm says their F2009 and F2010 EPS estimates of $5.18 ($6.40 adjusted for non-subscription based accounting) and $6.27 ($6.19 adjusted), more...
  
• 1/7/2009 00:00am
  (US) Dec specialty retail sales -18.3%, specialty apparel sales -17.3%; Dec e-commerce sales +4.6% - Spendingpulse- Women's apparel sales -20.2%, mens apparel -11.3%, footwear -12%, specialty more...
  
• AAPL 1/6/2009 01:26pm
  Apple Inc Confirms new price structure for iTunes, songs may sell for $0.69, $0.99, or $1.29, effective April 2009 - Macworld Expo- 8M songs to be sold without copy protection effective today; all 10M tracks more...
  

Technology sector headlines

• ASM.NV Today 05:26am
  ASM International CEO: Vertical furnace production is difficult at low margins - conf call- Seeks to increase front-end profitability
  
• SIE.GE Today 04:08am
  Siemens AG Price target raised to €51 from €46 at WestLB
  
• MOR.GE Today 03:17am
  Morphosys Commerzbank Cuts MOR.GE to Hold from Buy
  
• TRIL.UK Today 02:58am
  Thomson Reuters Plc Update: CFO notes that firm expects Quarterly and Annual revenue growth to slow on the back of global financial crisis- Sees professional unit growth to slow throughout 2009 - Have seen drop in more...
  
• 6762.JP Today 02:40am
  TDK Corp Ratings cut by S&P to "A+" from "AA-"- These downgrades reflect deterioration in TDK's financial base due to an increase in its financial burden stemming from the EPCOS acquisition, as well as the more...