toggle

AAPL Stock: 126.41 ( -2.13 )

Printed from http://www.macnn.com

PortalPlayer down, but not out?

updated 09:30 am EDT, Wed May 3, 2006

PortalPlayer to fight back

Longtime iPod chip supplier PortalPlayer may not be down and out yet. A new report says that the company may supply the chips for Apple's next-generation video iPod, despite indications that the company had lost a future contract bid for iPod chips and one Samsung executive claiming that it has already won the contract to supply chips for the next-generation iPod nano, which analysts expect could surface by the September quarter. Craig Berger, an analyst with Wedbush Morgan Securities, told the EETimes that PortalPlayer is still the favorite to win the contract for at least some of Apple's future iPod line. "We continue to believe PortalPlayer will retain its socket in the soon-to-be-released video iPod given Apple's design constraints," Berger said in his Tuesday report to clients.

"While we maintain our thesis that the Video iPod will remain a two-chip solution in 2006, we are removing these units from our PortalPlayer revenue forecast in light of Apple's apparent ability to switch chip vendors at will," he told clients.

After posting impressive second quarter results earlier this week, the company's stock dropped on dramatically lowered guidance for the second quarter. During the conference call, Portal said that it would "fight" to regain the lost iPod chip business at Apple. "We haven't given up with that customer," Johnson told analysts, referring to Apple. "We will fight back to win that socket."




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

OmniPlan (OS X, iOS)

We reviewed the Omni Group's most famous Mac software, a To Do app called OmniFocus, back in June 2014, and we were impressed. Some o ...

toggle

Most Commented