Research In Motion
FeedStocks in the news: Hershey, Goldman Sachs, Delta Air Lines, Chico's
Melly Alazraki
Nov 18th 2009 at 9:20AM
Filed under: Company News, Investing, Delta Air Lines, Ford Motor Co., Goldman Sachs , Kraft Foods, Research In Motion, Hershey, Target Corp., Procter & Gamble
Goldman Sachs Group Inc. (GS) said it is launching a $500 million small-business assistance program that includes an advisory panel with billionaire investor Warren Buffett. On Tuesday, Goldman CEO Lloyd Blankfein apologized for his firm's role in the credit crisis.
How Twitter gets drivers through the gridlocked streets of Caracas
Tom Johansmeyer
Nov 15th 2009 at 8:00PM
Filed under: Technology, Media, Google , Research In Motion, Green
The streets of Caracas are crammed with three times as many cars as they can handle. And why not? Gas is cheaper in Venezuela than anywhere else on Earth. The consequence, of course, is nasty traffic, made only worse by potholes, police checkpoints and other impediments to smooth vehicular movement.
The situation is one that apparently has no solution on the drawing board. Yet, that doesn't mean drivers must suffer without any relief at all. Thanks to social media tools, according to a Bloomberg News report, smartphone-toting drivers have been participating in an emerging answer to Venezuela's gridlock nightmare.
Stocks in the news: AIG, UPS, Macy's, Toll Brothers
Melly Alazraki
Nov 11th 2009 at 9:00AM
Filed under: Company News, Investing, Macy's, Research In Motion, Apple, American International Group, INC., McGraw-Hill, Palm, UPS
UPS (UPS), which is often seen as a bellwether to the economy, now expects growth in its volumes next year as the global economy gradually recovers, its CEO said on Wednesday, Reuters reported. UPS will hike shipping rates for 2010. He also expects the holiday season to be slightly better than estimated. Shares rose over 2% ahead of the bell.
Ma Bell's wake-up call: Deals among Net calling firms may sap big telcos' revenue
Alex Salkever
Nov 10th 2009 at 6:45PM
Filed under: Google , Research In Motion, Apple, AT&T, Verizon
Phones are ringing off the hook at businesses that facilitate making calls over the Internet. With the apparent resolution of the spinout of Net calls pioneer Skype several days ago has come frenzied dealmaking in the VoIP -- short for voice over Internet protocol -- space. First, Google bought startup Gizmo5. Now, as TechCrunch reports, there is a bidding war ongoing for JahJah, a Skype-like service that offered low-cost calling to tens of millions of users of Yahoo's (YHOO) instant messenger service. Numbers thrown around for the deal are a whopping $200 million to $400 million, a significant sum in the current environment.
Stocks in the news: Kraft, Cadbury, Comcast, General Electric, Clearwire
Melly Alazraki
Nov 9th 2009 at 9:00AM
Filed under: Company News, Investing, General Electric , Intel, Kraft Foods, Research In Motion, salesforce.com, Sprint Nextel Corp., Berkshire Hathaway, Comcast, Time Warner Cable, McDonald's
Comcast (CMCSA) and GE (GE) have reportedly agreed on the worth of NBC Universal, thus clearing another hurdle. The value is reportedly around $30 billion. CMCSA shares were 2% higher, GE's nearly 3% higher ahead of the bell.
Apple really needs a better iPhone answer to Google Navigation killer app
Alex Salkever
Nov 6th 2009 at 1:30PM
Filed under: Technology, Investing, Google , Research In Motion, Apple, AT&T, Verizon
Lots of people claim that Apple's (AAPL) iPhone is the first smartphone to really unleash the potential of the Internet on a handset. And they are right. iPhone users suck up so much more Web time than Blackberry (RIMM) users (even though far more Blackberry units have been sold over time) that Apple partner AT&T (T) has struggled to handle the load and, by many indications, still can't keep up. But let's not forget that the iPhone's Web utility was not the only killer app in the mobile devices space.Long before the iPhone hit it big, the GPS market was hockey-sticking. I watched this trajectory with amazement as Garmin (GRMN) devices went from geek gawkware to standard hardware for housewives in the O.C. and salesmen cruising the office parks of middle America looking to bag more clients.
Stocks in the news: Cisco, CVS Caremark, Whole Foods, Sara Lee, Wendy's
Melly Alazraki
Nov 5th 2009 at 9:00AM
Filed under: Company News, Investing, Google , Microsoft, Qualcomm, Research In Motion, Cisco Corp, Costco Wholesale Corp., News Corp., Dow Chemical, Toyota
Toyota Motor Corp. (TM) posted a surprise profit last quarter -- its first after three losing quarters -- and trimmed its projected red ink for the year. Toyota said results were due to government measures around the world designed to boost sales of environmentally friendly cars and other vehicles. Shares were 2 percent higher ahead of the bell.
Even a hit Droid phone won't fix Verizon's woes
Vishesh Kumar
Nov 3rd 2009 at 2:20PM
Filed under: Company News, Technology, Google , Motorola, Research In Motion, Apple, AT&T, Verizon
As the hype mounts for Verizon (VZ)'s launch of its Google (GOOG) Android-powered phone, investors have started anticipating what a hit could mean for Google's and Verizon's bottom lines.Shares of BlackBerry maker Research in Motion (RIMM) got hammered yesterday after analysts said that the Droid might become a major competitor in the business market, where Apple (AAPL)'s iPhone has largely failed to gain ground. And Droid handset-maker Motorola (MOT) has seen its shares surge, partially around anticipation that the operating system may give it a hit phone after a long drought.
Research in Motion reamed on downgrade as mobile air war heats up
Sam Gustin
Nov 2nd 2009 at 5:45PM
Filed under: Company News, Technology, Research In Motion
BlackBerry-maker Research in Motion (RIMM) saw its stock price slammed Monday on an analyst downgrade ahead of Motorola's (MOT) Droid launch. RIM shares closed down over five percent after Citigroup cut its rating on the stock from a buy to a sell citing increased competition."Simply put, there is an invasion of new phones, applications, and competition," Citi Investment Research analyst Jim Suva wrote in a note to clients.
Top Picks: Seven big-name stocks to avoid
Dan Burrows
Oct 30th 2009 at 8:30AM
Filed under: Technology, Investing, Media, Google , Motorola, Research In Motion, Sears Holdings Corp., Sony, Berkshire Hathaway, Apple, Wal-Mart Stores, Target Corp., Palm
Sometimes bad stocks happen to good companies.That's not a moral judgment; it's merely a reminder that shares and the corporations that issue them are not the same thing. After all, the best company in the world isn't worth buying into if its stock is too expensive -- and likely to fall. The reverse also holds true: Just because a company's business is in the dumps doesn't mean its shares aren't oversold -- and poised for a pop.
That's why a stock that fetches $500 can be said to be "cheap," while a $5 stock can be said to be "expensive." It's not the face-value of equities that investors need to focus on -- it's the valuation and, of course, the fundamentals.
What did the Nasdaq's Wednesday dive really signal?
Dan Burrows
Oct 29th 2009 at 2:00PM
Filed under: Energy, Technology, Investing, Google , Research In Motion, Apple, Amazon.com, Inc.
Halloween is still a couple of days away, but it seems no one told the market. A series of failed rallies and then Wednesday's nearly three percent shellacking of the tech-heavy Nasdaq Composite ($COMPX) had a lot of folks pretty spooked. All it took was for enterprise software titan SAP (SAP) to post some disappointing quarterly results (and chipmaker Advanced Micro Devices (AMD) to get its name dragged into the Galleon Group insider trading scandal), and suddenly tech stocks were wobbling like Weebles. Even the Four Horseman of the Nasdaq -- Amazon.com (AMZN), Google (GOOG), Apple (AAPL) and Research in Motion (RIMM) -- fell 0.4 percent to nearly 5 percent, respectively.
Motorola reboots, sees Droid powering big holiday sales
Sam Gustin
Oct 29th 2009 at 12:45PM
Filed under: Company News, Technology, Earnings, Google , Motorola, Research In Motion, Apple
Like a Phoenix risen from the ashes, Motorola (MOT), the one-time purveyor of that grey clamshell phone that everybody had back in the day, reported its second consecutive quarterly profit. It earned $12 million, or a penny per share, compared with analyst estimates of a break-even quarter. The bigger -- and better news -- came from Moto's outlook. Execs predicted fourth-quarter earnings, excluding certain costs, of 7 cents to 9 cents a share, ahead of analyst expectations of 6 cents.Verizon opens fire on iPhone's 'geek chic' with the bad-boy Droid
Sam Gustin
Oct 28th 2009 at 10:20AM
Filed under: Company News, Technology, Media, Google , Microsoft, Research In Motion, Apple, AT&T, Verizon, Palm
After teasing its forthcoming Droid attack on Apple's iPhone in an ominous TV spot earlier this month, Verizon Wireless has launched a print marketing blitz aimed at sowing the seeds of doubt into the hearts of potential iPhone buyers. The ads make it abundantly clear that Verizon Wireless, a joint venture of Verizon (VZ) and Vodaphone (VOD) and the largest wireless provider in the country, isn't going to stand back while Apple and AT&T reign over the smart-phone market.Below the surface of these ads, however, is an interesting study in shifting attitudes toward popular male identity. Verizon appears to be challenging a prevailing definition of "geek chic" sex appeal, lately personified by Justin Long's "Mac" character, Apple's blasé, hoodie-wearing hipster.
Nokia files a patent suit against Apple, claiming iPhone is getting 'a free ride'
Sam Gustin
Oct 22nd 2009 at 1:45PM
Filed under: Company News, Technology, Investing, Nokia, Research In Motion, Apple, Palm
Nokia, the Finnish cell-phone giant, filed a lawsuit against Apple on Thursday, claiming that Steve Jobs & Co. haven't paid up for technology used in Apple's hugely successful iPhone. Filed in Federal District Court in Delaware, the suit involves patents for technologies including GSM, UMTS and wireless LAN (WLAN) -- all standards used in wireless phones. Nokia licenses these technologies to other companies but claims that Apple has never paid for the right to use them."By refusing to agree to appropriate terms for Nokia's intellectual property, Apple is attempting to get a free ride on the back of Nokia's innovation," Ilkka Rahnasto, Nokia vice president for legal and intellectual property, said in a statement.
Nokia's dreadful quarter could offer compelling entry point
Dan Burrows
Oct 16th 2009 at 5:00PM
Filed under: Investing, Nokia, Research In Motion, Apple, Stock Picks
Nokia (NOK) posted a lot of static with its quarterly report Thursday, leading investors to drop shares of the world's largest cellphone maker in the toilet. Nokia has some serious challenges in the fast-growing smartphone market, namely that everyone -- not just Apple (AAPL) and Research in Motion (RIMM) -- are jumping in at its expense.However, with shares off 12 percent since earnings disappointed the Street, this could be a good entry point to make a longterm bet that Nokia will get its act together sooner rather than later.
Why is Oprah going to cable? Hint: It's nothing to get teary about
Kisses from Hershey: Candymaker may court Cadbury with $17 billion bid
D-Day for Harry Reid: Can he wrangle 60 votes for Senate health reform bill?
