FRANKFURT (Reuters) - Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from Apple.
Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87.3 million euros ($113 million), or a 48 percent premium on Loewe's closing price on Friday of 4.5390 euros per share.
A spokesman for Loewe said that management at the moment has no indication or information that Apple wants to participate in Loewe. Apple declined to comment.
Loewe shares were up 30 percent by 4:45 a.m. EDT at 5.92 euros. Trading volumes were more than three times its 90-day average.
A German trader said such a deal could make sense. "Look at Loewe's design. That is a big 'yes', I would say."
"The only problem is Loewe makes its TVs in Germany," he added.
Loewe, founded in 1923 in Berlin, offers high-end home entertainment sets and has a market capitalization of 59.1 million euros, according to Thomson Reuters data.
The company already offers apps for the iPad to remotely operate their home entertainment sets.
Citing a difficult market environment Loewe earlier this month reported first-quarter operating losses of 900,000 euros, compared to a 2.9 million euro loss in the year-ago period.
First-quarter sales jumped 8 percent to 66.6 million euros.
Japan's Sharp holds 28.8 percent of Loewe's shares, according to Thomson Reuters data. Loewe's management owns 14 percent of the company and French maker of digital storage devices LaCie has a 11.2 percent stake. ($1 = 0.7726 euros)
(Reporting by Harro ten Wolde; Editing by Helen Massy-Beresford)
This is what the next iPhone is going to look like, according to -- wait, can this be correct? -- someone with a really good track record of predicting these things! iLounge's Jeremy Horwitz has indeed been super accurate in the past -- <a href="http://www.ilounge.com/index.php/backstage/comments/tweets-on-the-next-ipad-and-more/" target="_hplink">check out his inside info</a> on the new iPad <strike>3</strike> just before it released in March; also, <a href="http://www.ilounge.com/index.php/backstage/comments/dont-shed-a-tear-for-the-teardrop-shaped-iphone-5/" target="_hplink">watch him tell everyone in September</a> that the iPhone 4S would NOT be redeisgned and would instead resemble the iPhone 4 in form factor. The man knows his Apple! Which is why we're paying close attention to <a href="http://www.ilounge.com/index.php/backstage/comments/the-new-iphone-size-screen-new-connector-plus-ipod-touch/" target="_hplink">what Horwitz thinks the next iPhone will look like</a>: Four inch screen, and a bit taller, with a smaller connector for the charger. Yeah, that's right: Horwitz thinks Apple will change up the size of the port for the charger. If he's right, that means you can count on buying new accessories, car chargers, speaker docks, etc. for your older iDevices in...oh, five months or so, if the October release date everyone's counting on turns out to be correct. For more on the next iPhone -- and rumors of a new iPod Touch -- <a href="http://www.ilounge.com/index.php/backstage/comments/the-new-iphone-size-screen-new-connector-plus-ipod-touch/" target="_hplink">check out Horwitz' prediction-packed column at iLounge</a>. And now, let us return to SillyTown with some of the more ridiculous Apple rumors of the week. Nothing -- and I mean nothing -- could be sillier than this one...
Just when you thought no Apple rumor could possibly be dumber than last week's item about what is supposedly the next iPhone's home button, here comes a rumor that is looking to out-dumb the Dumb King and wear the Dumb Crown on the Dumb Throne: Look at this picture: Could this be the iPhone 5's SIM Card tray? How incredible would it be if it was? Would anyone ever be able to catch Apple if this really was the SIM Card tray in its next iPhone? Pack up your things, Samsung and Nokia. Apple's got a killer SIM Card tray coming in its next iPhone. Resistance is so futile that competing smartphone manufacturers might as well blow up their own buildings and sell the scrap metal for cash. (For those who care, the supposed iPhone 5 SIM tray comes from parts seller <a href="http://www.macrumors.com/2012/05/01/claimed-iphone-5-sim-card-tray-appears-identical-to-iphone-4s/" target="_hplink">SW-box.com</a>, and I was made aware of it <a href="http://www.macrumors.com/2012/05/01/claimed-iphone-5-sim-card-tray-appears-identical-to-iphone-4s/" target="_hplink">by the MacRumors article headlined</a> "Claimed iPhone 5 SIM Card Tray Appears Identical to iPhone 4S"). Let's move on: To the Apple television, which might come out later than expected... Much later.
Most analysts who follow the rumored Apple-branded television set believe that Cupertino's TV set will come out either in time for Christmas 2012 or shortly thereafter, at the beginning of 2013. But here's some ice water to cool you off: <a href="http://www.bgr.com/2012/05/03/apple-itv-2014/#utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBoyGeniusReport+%28BGR+%7C+Boy+Genius+Report%29" target="_hplink">JP Morgan analyst Mark Moskovitz opined</a> in a letter to investors that the so-called "iTV" won't be ready until 2014; he believes that the television will come with Siri and gesture control and a more user-friendly Apple-designed user interface. The gesture control and the Siri and the redesigned interface are all pretty common predictions; the 2014 thing is not. Apple <a href="http://www.appleinsider.com/articles/12/01/31/apple_reportedly_shopping_for_television_display_components_from_major_tv_supplier.html" target="_hplink">supposedly already has prototypes</a> of this thing floating around -- how long can it be until an Apple engineer accidentally leaves one in a San Francisco bar? -- and we've <a href="http://www.digitalspy.co.uk/tech/news/a370942/apples-new-tv-set-going-into-production-this-summer.html" target="_hplink">heard that the thing is going into mass production</a> as soon as this summer. Moskovitz, obviously, disagrees, though he doesn't say where he gets the 2014 date from. Perhaps from a hat? Let's say a hat. Speaking of hats (not really though), we <a href="http://www.huffingtonpost.com/2012/04/23/this-week-in-apple-rumors_n_1441845.html#s895680&title=Next_iPhone_Could" target="_hplink">had a rumor two weeks ago that</a> the next iPhone might be made of "liquid metal." Sorry, Terminator 2 fanatics, but it doesn't look like that's happening anytime soon, either...
Some sad news from Business Insider, <a href="http://articles.businessinsider.com/2012-05-02/tech/31531817_1_apple-gadgets-corrosion" target="_hplink">as an interview with Liquidmetal inventor Atakan Peker has revealed</a> that new Apple products will not be made of magical liquid metal, which I can only assume is exactly like the stuff the bad guy in <em>Terminator 2 </em> morphs into. Actually, liquidmetal is a kind of beautiful, strong, scratch-resistant <a href="http://www.liquidmetal.com/" target="_hplink">amorphous metal alloy</a> that Apple <a href="http://techcrunch.com/2010/08/09/apple-buys-out-liquidmetal-patents-to-stay-one-step-ahead-in-materials-game/" target="_hplink">bought some patents from</a> back in 2010. Peker tells <em>BI</em> that he doesn't expect Apple to use it in devices any time soon; rather he expects them to use it in a "breakthrough product" at some point in the future. Once again, I'm going to predict this "breakthrough product" is the ability for humans to morph into a puddle of iTitanium, to launch in 2016. Right after the Apple television. That's all for this edition of This Week In Apple Rumors. Make sure you check back next week, when I will be writing this column as a goopy mass of metallic alloy, eyeballs, and fingertips. And if you can't wait one week for your hysterical Apple rumormongering fix, you can get up to the minute Apple rumors by <a href="https://twitter.com/#!/gilbertjasono" target="_hplink">following me on Twitter here</a>.