ZAGG Inc. designs, manufactures and distributes electronics accessories, such as protective clear coverings, targeting the mobile market. The company today announced it has received approval to begin trading on The Nasdaq Global Market November 10, 2009, under its current ticker, ZAGG.

“We are very excited to be approved for the Nasdaq Global Market, and see it as an exceptional milestone in ZAGG’s short history,” Robert G. Pedersen II, president and CEO of ZAGG stated in the press release. “Moving to the top level market on Nasdaq will add a great deal of value for our shareholders and introduce ZAGG to new investors and new opportunities.”

Not only will the advancement to Nasdaq generate shareholder benefit, it will also increase awareness of the company’s products to the marketplace. The company’s high-tech thin film coverings are applicable for iPods, laptops, cell phones, digital cameras, watches, PDAs and other various electronic devices.

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Palm Inc.’s (PALM) new smartphone called Pixi, a lighter and cheaper version of the Palm Pre will be available via Sprint Nextel Corp. (S) beginning Nov 15 for just $99.99. The phone will come with a two-year contract after a $50 instant rebate and a $100 mail-in rebate. The phone will also be available through Best Buy (BBY), RadioShack (RSH) and Wal-Mart (WMT) stores.   Palm’s Pixi runs on Palm's WebOS. The phone has many features including 8 gigabytes of built-in memory, an exposed QWERTY keyboard and personalization features. However, it does not support Wi-Fi capabilities.   Alhough Palm has priced the Pixi competitively to attract more customers, we remain unsure about the future of Pixi. Amazon (AMZN) currently sells the Pre with a two-year contract at just $99. Sprint started selling the Pre smart phone in June and currently sells it for ...

RadioShack Corporation (RSH) reported second-quarter results on July 27 that surprised by 10 cents, or 34.48%.

Earnings per share rose 7 cents to 39 cents from 32 cents in the year ago period. The Zacks Consensus Estimate called for 29 cents.

Net sales fell 2.9% to $965.7 million compared with $994.9 million for the year ago period. The decline was primarily due to a 4.6% decrease in sales generated by company-operated stores, a 3.2% decrease in kiosk sales, and an 18.8% increase in other sales.

Same-store sales declined 4% compared to a year ago. Sales declined in wireless accessories, digital-to-analog converter boxes, GPS products, music players and digital cameras. However, sales of netbooks, television antennas, prepaid wireless handsets, digital televisions and Voice over Internet Protocol Products rose.

Inventories fell by $48.1 million over the year ago period.

The company also grew its cash and cash equivalents to

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Monday:Economic Leading Indicators (-0.3%)Earnings Eaton (ETN), Halliburton (HAL), Mattel (MAT), American Express (AXP), Everest (RE), Hexcel (HXL), Logitech (LOGI), Netflix (NFLX), SanDisk (SNDK), Texas Instruments (TXN)Tuesday:Economic NAEarnings 3M (MMM), Caterpillar (CAT), Biogen (BIIB), BlackRock (BLK), Coach (COH), Fifth Third (FITB), M&T Bank (MTB), OptionsXpress (OXPS), US Banc (USB), Stanley (SWK), Broadcom (BRCM), CH Robinson (CHRW), Cree (CREE), Cerner (CERN), E*Trade (ETFC), Qlogic (QLGC), Sigma Aldrich (SIAL), VMware (VMW), XL Cap (XL), Yahoo (YHOO), Tupperware (TUP)Wednesday:Economic Weekly CrudeEarnings Air Prod (APD), Alleghany (ATI), AT&T (T), Boeing (BA), Conoco (COP), EMC (EMC), CNX (CNX), Genzyme (GENZ), McDonalds (MCD), Merck (MRK), WellPoint (WLP), Allstate (ALL), Amazon (AMZN), Amgen (AMGN), Baidu (BIDU), Chipotle (CMG), Citrix (CTXS), Core Labs (CLB), Lam R (LRCX), Nutrisystem (NTRI), Pulte (PHM), Terex (TEX), Ryland (RYL), Seagate (STX)Thursday:Economic Weekly ClaimsEarnings Altria (MO), Bunge ...

The last time I went to RadioShack (RSH), I remember seeing the RadioShack TRS-80 Model II with Integral 8-inch Floppy Drive: Ah the good old days. Earlier this month, Banc of America Securities boosted its rating to buy from neutral, saying the electronics retailer's investment story "is about a new management team that is improving the stores, adding new products and having a highly leverageable cost structure." RadioShack’s first-quarter profit dropped to $38.8 million, or 30 cents a share, from $42.5 million, or 31 cents, earned in the same period a year earlier. Talk about a downtrend in the last year: I’m having a tough time believing BofA Securities on this one. When Americans start receiving their economic stimulus tax refund checks, do you really think they are going to go to RadioShack, or are ...

RadioShack’s (RSH) first-quarter net income fell 8.7%, hurt by increased promotions and lower sales of Sprint Nextel (S – Annual Report) wireless services. Shares are down more than 13% today on the news, wiping out the gains driven by last week’s rumor of an acquisition by Dell (DELL).

Part of my thesis for RadioShack is that declines are already priced in. I’ve said I’d accept a return in line with that of RadioShack debt – which reflects the company’s relative risk and allows for a modest premium based on the more favorable tax treatment of equity returns. At the time, RadioShack’s May 2011 note was yielding about 7%. To generate equity returns higher than this, RadioShack will have to limit its free cash flow declines

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Somehow I missed this early in the week. Hat tip to Todd Sullivan’s – ValuePlays:

Apparently on Monday there was heavy call buying in RadioShack (RSH) – ironically a day I was writing puts on the name. Rumor is that Dell (DELL) is kicking the tires. It would be an easy way to get into retail in a bigger way.

Here’s a video discussing the rumor.

Anyhoo – my original thesis was that RadioShack’s valuation is cheap, at ten or eleven times earnings. My preferred measure, the free cash flow yield, is a downright juicy 14.3%. With that kind of …

In a previous post I commented that “when you think “cheap”, you think Walmart (WMT), when you think “value”, you think Target (TGT)” Walmart seems to be taking an interesting and to date, very effective path to altering that image, electronics.

Here is another one that just has me shaking my head. Citigroup analyst Bill Sims downgraded Radioshack (RSH) to “Sell” from “Hold” and said RadioShack’s wireless business remains pressured