Zacks Analyst Blog Highlights: Garmin Ltd., Research In Motion, Apple, 3SBio, Inc. and Amgen.
For Immediate Release
Chicago, IL May 22, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Garmin Ltd. (GRMN - Analyst Report), Research In Motion (RIMM - Analyst Report), Apple (AAPL - Analyst Report), 3SBio, Inc. (SSRX - Snapshot Report) and Amgen (AMGN - Analyst Report).
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Here are highlights from Thursdays Analyst Blog:
Garmins Next Phase of Growth
GPS capability is expected to provide further impetus to growth in cell phones. Garmin Ltd. (GRMN - Analyst Report) already enjoys an important position in automotive navigation, and management intends to leverage this position in the cell phone market.
The first step in this direction is the launch of the companys own smartphone. Although the cell phone market is relatively more competitive, management expressed enthusiasm about the growth prospects for its nuvifone.
The company announced two nuviphone models. Both phones are feature-rich 3.5G devices incorporating a PND with on-board maps and premium points of interest; UMTS, HSPDA and Wi-Fi data connectivity; a premium mobile web browser; a local search portal that seamlessly integrates navigation functions; SMS; instant messaging and e-mailing; a camera with automatic location tagging and picture navigation; and multimedia functions such as a video recorder, MPEG 4 video player and MP3. Research In Motions (RIMM - Analyst Report) Blackberry is the most popular platform for smartphones in North America. Apples (AAPL - Analyst Report) launch of the iPhone in Q3 of 2008 met with resounding success, lifting it to the second position.
3SBio Stays a Buy, Post Report
In addition to a diversified marketed product portfolio, 3SBio, Inc. (SSRX - Snapshot Report) also has a decent pipeline under development.
In the EPO franchise, the company has filed new drug applications (NDA) with China State Food and Drug Administration (SFDA) for higher dose EPIAO (36,000 IU/vial vs regular 10,000 IU/vial) for the treatment of anemia associated with chemotherapy in cancer patients. If approved, high-dose EPIAO would be the only dosage form of this kind available in China.
Also, 3SBio has completed preclinical test for NuPIAO and the company plans to move NuPIAO into clinic in 2009. NuPIAO is second generation of EPIAO that is designed to have a longer half-life. NuPIAO is comparable in structure and function to Amgens (AMGN - Analyst Report) Aranesp. Preliminary testing has demonstrated that NuPIAO has a comparable half-life to Aranesp.
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