Wednesday

Apple's announcement of a 3G iPhone during the conference call may offset an otherwise disappointing report. Mac sales will be great, but the slowdown of consumer spending will hurt iPod and iPhone sales. iPhone sales in Europe are slow.

Amazon.com will also cite the challenging retain environment, and unless they improve margins, I don't see investors being impressed with their report.

Then again, VMW just met and confirmed guidance, still sporting a 40 forward P/E, and investors applauded. I'm not that good at guessing market sentiment, I guess.




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