"Rival smartphone stocks Palm Inc. and Research In Motion Limited were both upgraded today by separate brokerage firms" http://www.schaeffersresearch.com/commentary/optionbytes.aspx?c=bytefeed&byteID=91322&single=true
Research In Motion Limited is all set to aquire Certicom for C$3.00 per common share[1]
"TORONTO (Reuters) - Shares of BlackBerry maker Research In Motion moved higher on Wednesday, ahead of a regulatory hearing that could see a final settlement with the company's top executives over their role in a controversy over the backdating of stock options." http://www.globeinvestor.com/servlet/story/ROC.20090204.2009-02-04T163033Z_01_TRE5134GK_RTROPTT_0_CBUSINESS-US-RIM-OPTIONS/GIStory/
MISSISSAUGA, Ontario -- Certicom Corp. (TSX-CIC.TO) ("Certicom" or "the Company") announced today that the Ontario Superior Court of "Justice has granted a permanent injunction restraining the $1.50 hostile take-over bid made on December 10, 2008 by a wholly-owned subsidiary of Research in Motion Limited ("RIM") from proceeding." http://www.unstrung.com/document.asp?doc_id=170606
Strong demand for the blackberry fuels RIMM. http://biz.yahoo.com/ap/081124/research_in_motion_mover.html?.v=1
RIMM lowered its outlook on its profit for the upcoming quarter, citing higher costs from its new Blackberry smartphones. RIMM also expects a lower gross margin than expected. In addition, competition from Apple's iPhone is having more of an impact on RIMM than initially predicted.
The Pearl Flip 8220 was introduced by RIM and is the first flip smartphone in the market. It handles many similar features to other blackberrys but does not support a 3G network and does not have GPS.
RIM sold 5.6 million smartphones worldwide in Q2, second behind market leader Nokia (15.3M units sold). This was an over 100% increase in sales from Q1.
Apple's new 3G iPhone sold 1 million units in just 3 days, making it one the largest consumer eletronic launches in history.
Analyst Maynard Um from UBS, found that RIM's "purchase obligations and commitments" grew about 53% over the previous quarter. Um says that this kind of investment could indicate that RIM is trying to build much greater production. Whether this production will come in the form of smartphones or other handset segments is unknown.
RIMM had a revenue growth of 106% y-o-y, but a bad outlook due to increasing competition caused shares to drop over 10%.
RIMM stock rose after some analysts expressed positive expectations coming into the quarters earnings release scheduled for June 25th.
The Indian government wants RIMM to lower its encryption bit level so that it can intercept emails and data. RIMM does not want to do this and cites four other email services in India that use similar encryption levels. BlackBerry users are few in India, but RIMM wants to be in the market because of its rapid growth potential.
RIM is releasing the new Blackberry Bold which the company hopes will capture the retail market as well as its established business customers. The Bold will retail between $300 and $400, and will feature 3G technology and numerous multimedia features.
Research motion led the decline in Canadian stocks after the U.S. said employers added the fewest jobs in four years, stoking concern that Canada's biggest export market faces a recession
12/20 4PM Earnings Released. Analyst estimates of $0.62-0.63 were topped with an amazing $0.65 - double the earnings of last year. After hours trading quickly boosted the price to $119, 12/21 open of $122, and a small dip early morning as investors locked in profits, however, the price still managed to climb back up to the high teens.
Teaming up with RIMM's distibutor in China, Alcatel, China Mobile has placed an order for 10,000 Blackberry 8700 devices, establishing the Blackberry brand in the Chinese market for the first time.
Cisco's earnings forecast for Q4/2007 was lower than expectations, leading to a sell-off of the stock. Citing issues of slowdown within the auto, retail, and financial industries (reflecting a souring macroeconomic environment), Cisco's forecast has left tech investors bearish.
Facebook Inc. said it is adding its social-networking platform to Research In Motion Ltd.'s BlackBerry devices.
T-Mobile USA Inc. will be the first carrier to build a Facebook application into the BlackBerries it sells, but BlackBerry users on any network will be able to download the application starting later Wednesday, Facebook Co-Founder and Vice President of Engineering Dustin Moskovitz said in a keynote address at the CTIA Wireless I.T. and Entertainment show in San Francisco.
Research In Motion announced its Q2 results, which exceeded expectations. The Q2 revenue was $1.37 billion; an increase of 108 percent from last year. The net income for the quarter was $287.7 million; an increase of 105 percent from last year. The company broke the 10 million subscriber mark in this quarter. Further, the company introduced the first Blackberry Pearl Smartphone that runs on CDMA networks. The phone has features like enhanced communication facilities, new software interface, a built-in GPS, etc.
RIMM releases Blackberry Curve, the Blackberry 8830 World Phone (CDMA-compatible 8800), and most recently the CDMA-compatible Blackberry Pearl (8130)
RIMM hit a new high (over $217 on NASDAQ) as investors bid up the stock on news of strong quarterly earnings and the company's finalized plans to sell its BlackBerry phones in China.
RIMM reported a 73% increase in profits over the first quarter of 2007. Total revenue came to $1.08 billion. Increased sales of the popular BlackBerry smart phone drove the 21% soar in RIMM's stock price. Incidentally, this occurred on the day the Apple iPhone was released.
