BlackBerry Ltd. (BBRY) - NASDAQ
  • Jun. 22, 2011, 11:16 AM
    Buy the RIMM dip? Macquarie initiates coverage on Research In Motion (RIMM -1%) at Outperform, saying global trends are in its favor - though shares are trading lower after the company slashed targets by up to two-thirds. RIMM down more than 22% in the past five days.
    | Jun. 22, 2011, 11:16 AM | 14 Comments
  • Jun. 22, 2011, 9:22 AM

    Research In Motion (RIMM) reduces its Q2 internal sales target for the PlayBook to 800-900K units from 2.4M, according to sources from within the supply chain for the tablet. Shares -2.0% premarket.

    | Jun. 22, 2011, 9:22 AM | 1 Comment
  • Jun. 21, 2011, 1:30 PM
    Stocks have traded sideways with a strong gain since midday (S&P 500 +1.1%), with techs leading Nasdaq to a 1.8% gain (movers: AAPL +3%; RIMM +7%; BIDU +6.4%) and strength in basic materials, conglomerates and transportation. The dollar's been weak (-0.6% against euro, -0.2% against yen, -0.6% against Swiss franc) and oil's still down: WTI crude -0.3%, Brent -1%.
    | Jun. 21, 2011, 1:30 PM
  • Jun. 21, 2011, 11:52 AM
    Along with turning negative on Motorola Mobility (MMI), Credit Suisse flips on Research In Motion (RIMM +5.5%), downgrading to Neutral - and CS was one of the last remaining RIM bulls. "Innovation is coming too slowly," the firm says, and RIM could be punished if and when Apple (AAPL) comes out with its rumored low-end iPhone.
    | Jun. 21, 2011, 11:52 AM | 3 Comments
  • Jun. 21, 2011, 9:57 AM

    Research in Motion’s (RIMM +2.1%) 4.7x forward P/E, lowest among communications equipment providers, makes it takeover bait, Bloomberg speculates. One fund manager thinks RIM may attract interest from Microsoft (MSFT) and Dell (DELL), since paying $40/share would still value it at a discount to comparable firms in the industry. RIM shares are at their lowest since 2006.

    | Jun. 21, 2011, 9:57 AM | 3 Comments
  • Jun. 21, 2011, 8:43 AM

    RIMM (RIMM +0.4%) has started to give layoff notices to its employees after the BlackBerry maker said last week that it would cut jobs following disappointing results. There were unconfirmed reports that as many as 200 people were let go. (previous)

    | Jun. 21, 2011, 8:43 AM
  • Jun. 20, 2011, 2:52 PM
    Research In Motion (RIMM -6.5%) shares continue their familiar direction - down - after yet another analyst throws in the towel after Friday's mass exodus. Sanford Bernstein issues the latest downgrade, stating that RIM is "on an accelerated decline" that should take FY2012 earnings to $4.25/share vs. the company’s own forecast for $5.25-$6. Plus, another senior exec flies the coop.
    | Jun. 20, 2011, 2:52 PM | 7 Comments
  • Jun. 20, 2011, 12:42 PM

    Apple (AAPL -1.5%) shares continue their perplexing slide, now trading below their 200-day moving average. Tiernan Ray of Barron's wonders if current problems at Nokia (NOK) and Research in Motion (RIMM) might be weighing down smartphone industry leaders such as Apple, Google (GOOG) and Samsung (SSNLF.PK). Or it could simply be the case of a stock that went up too far too fast.

    | Jun. 20, 2011, 12:42 PM | 11 Comments
  • Jun. 17, 2011, 1:54 PM
    Sources confirm to WSJ that Intel (INTC) joins Apple (AAPL), Ericsson (ERIC) and RPX (RPXC) in competing for Nortel's 6,000 patents and patent applications against Google's (GOOG) $900M stalking-horse bid, which carries a $25M breakup fee if Google loses. The auction's now on June 27. Probably not involved in any of the joint bids: RIMM (-20.8%), whose fate may match up with Nortel's.
    | Jun. 17, 2011, 1:54 PM
  • Jun. 17, 2011, 1:48 PM

    Research In Motion's (RIMM -20.9%) sixth-largest shareholder, Jarislowsky Fraser Ltd., cuts its stake in half and is “on the way out” of the stock, Bloomberg reports; the CEO thinks RIMM executives are “resting on their laurels.” Tiernan Ray of Barron's sees this kind of defection as increasing the pressure for a shakeup at the top.

    | Jun. 17, 2011, 1:48 PM | 1 Comment
  • Jun. 17, 2011, 10:24 AM

    Research In Motion (RIMM -20%) shares plunge to trade at their lowest since 2006. One of at least six downgrades so far today, Citigroup cites 10 ways things can get even worse - among them: “We’ve seen this movie before (Motorola, Nokia, Sony-Ericsson, LG, Palm)... history of wireless is littered with OEMs that had significant product/cycle share gains, but then missed structural market shifts.”

    | Jun. 17, 2011, 10:24 AM | 5 Comments
  • Jun. 17, 2011, 9:00 AM

    Premarket gainers: ZRAN +21%. NCT +18%. HRBN +16%. SPRD +9%. NBG +8%. DANG +6%. YOKU +6%. BBVA +5%. PRMW +6%. CTIC +5%. STD +5%. RENN +4%. TEF +4%. NOK +4%. ING +3%. BJ +3%. DB +3%. ALU +3%. DRYS +3%. BIDU +3%. SNY +3%.
    Losers: RIMM -16%. CBLI -15%. MIND -9%. LPL -6%. CHU -4%. WACLY -3%.

    | Jun. 17, 2011, 9:00 AM
  • Jun. 17, 2011, 8:44 AM
    Sell-side firms pound Research In Motion (RIMM -16%) following yesterday's fiasco. JPMorgan says reduced Q2 guidance and Bold 9900 delays are the two final nails in the coffin of its abandoned bullish stance. And Citi slams RIMM and supplier Celestica (CLS -4.4%) with a Sell rating, and warns things can still get worse.
    | Jun. 17, 2011, 8:44 AM
  • Jun. 16, 2011, 4:56 PM

    RIM (RIMM) -15.3% as trading resumes, after handing in guidance far short of expectations. "Delays in new product introductions into the very late part of August [is] leading to a lower than expected outlook" in Q2. Also: Unit sales of 13.2M were below already reduced forecast for 13.5M-14.5M; launch of “a program to streamline operations... which will include a headcount reduction.”

    | Jun. 16, 2011, 4:56 PM | 13 Comments
  • Jun. 16, 2011, 4:41 PM
    Research In Motion (RIMM): Q1 EPS of $1.33 beats by $0.01. Revenue of $4.9B (+16% Y/Y) misses by $0.2B. Guides Q2 EPS and revenues, FY12 EPS below consensus. Announces buyback of up to 5% of outstanding shares. Shares halted. (PR)
    | Jun. 16, 2011, 4:41 PM | 3 Comments
  • Jun. 16, 2011, 2:38 PM
    Sentiment on Research In Motion (RIMM -1.3%) is "overdone on the downside" ahead of today's earnings report, and value investors likely will step in “in the short term,” so Avian Securities raises its rating on the shares. Strength in overseas markets will be boosted by new BlackBerrys this year, possibly creating the kind of lift in sentiment RIMM saw last year when PlayBook brought buzz.
    | Jun. 16, 2011, 2:38 PM | 3 Comments
Company Description
BlackBerry Ltd. develops hardware and software solutions for mobile communications. It provides platforms and solutions, which support multiple wireless network standards through the development of integrated hardware and software services. The company's solutions provide access to information,... More
Sector: Technology
Industry: Diversified Communication Services
Country: Canada