BlackBerry (BBRY +2%) spikes higher on rumors Carl Icahn has bought a stake in the company. H-P was the beneficiary of such rumors a couple weeks ago. Earlier today, Scotia Capital argued a strategic partner such as IBM (once reported to be interested in BBRY's network operations centers) is likely to buy the company. [View news story]
Fresh info about the rumored "R-series" mid-range QWERTY BlackBerry (BBRY +1.2%) phone is provided by Chinese site DGtle (translation). The phone will reportedly be called the R10, and sport a 3.1" display, 5MP camera, 1800mAh battery, and 8GB of internal storage. The display size is on par with the high-end Q10's, but the other specs are inferior. Engadget points out next week's BlackBerry Live (May 14-16) conference "is a prime opportunity for an unveiling." [View news story]
As a huge BBRY fan, I know the R10 is supposed to be cheap but it's really ugly IMHO.
BlackBerry (BBRY +1.4%) spiked in afternoon trading after U.K.-based SA contributor Michael Collins reported of strong Q10 demand at a Carphone Warehouse store on launch day. According to Collins, the store sold out of its stock of 2K units within 90 minutes, with demand apparently well above that seen for the Z10. Some of the demand came from exporters, many of whom were "buying 20+ units each." (Q10 reviews) [View news story]
This is it! I'll be posting the result of store checks myself as well when the Q10 launches here in Canada next week!
2013 "production expectations" for the Z10 (BBRY -1.2%) have been trimmed by 4M-6M units, believes Wedge Partners' Brian Blair, who has been bearish on BlackBerry for years. He adds U.S. Z10 launches " have provided no evidence of meaningful sell-through," and is forecasting <10M 2013 BB10 shipments vs. Street estimates of 20M+. Meanwhile, Pac Crest's James Faucette (previous) believes U.S., U.K., and Canadian Z10 inventories are too high, and that production cuts are a matter of time. Also: BlackBerry says the Q10 is expected to sell for a subsidized $249 in the U.S., $50 more than the 16GB iPhone 5. [View news story]
How is such pure BS speculation/manipulation even allowed to happen in the first place? There's no accountability whatsoever on Wall Street.
Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
Apple's products still look well designed and fashionable but it lost its innovation when Jobs left this world.
Telefonica (TEF) obtains a $257M credit line from Canada's export agency to purchase BlackBerry (BBRY) phones and services. The deal comes shortly after the debt-laden carrier obtained a $1B credit line from Sweden's export agency to buy mobile infrastructure gear from Ericsson. [View news story]
Not taking into account the BBRY services, that's roughly 400k phones assuming a price tag of $600/unit.
Heckmann (HEK) settles a shareholder lawsuit surrounding the 2010 acquisition of China Water & Drinks, agreeing to pay plaintiffs attorneys $300K and issue to them 562,320 shares of company stock, while denying all allegations of wrongdoing. (PR) [View news story]
"Growth momentum is now slowing with policy responses constrained; a nasty combination," writes JPMorgan's Adrian Mowat, downgrading Chinese shares to underweight. Shanghai fell 1.7% overnight, putting its decline at about 8% over the last month. FXI -1.4% premarket. [View news story]
Then put down your house and everything else to short China! LMAO!
China Central Television (CCTV) has accused Apple (AAPL) and Volkswagen of giving consumers a bad deal. It's worth taking notice, as it was CCTV allegations about chicken quality at KFC that led to a plunge in sales. [View news story]
For a foreigner, Kissinger actually knew the real China inside out and never followed the Western propaganda like a sheep. Nowadays, among the American politicians maybe Jon Huntsman still knows a thing or two.
BlackBerry (BBRY +2%) spikes higher on rumors Carl Icahn has bought a stake in the company. H-P was the beneficiary of such rumors a couple weeks ago. Earlier today, Scotia Capital argued a strategic partner such as IBM (once reported to be interested in BBRY's network operations centers) is likely to buy the company. [View news story]
Heckmann Corp. (HEK): Q1 EPS of -$0.05 misses by $0.04. Revenue of $159.5M (+190% Y/Y) misses by $7.3M. Shares -0.8% AH. (PR) Updated: Earnings call transcript [View news story]
Heckmann Corp. (HEK): Q1 EPS of -$0.05 misses by $0.04. Revenue of $159.5M (+190% Y/Y) misses by $7.3M. Shares -0.8% AH. (PR) Updated: Earnings call transcript [View news story]
Fresh info about the rumored "R-series" mid-range QWERTY BlackBerry (BBRY +1.2%) phone is provided by Chinese site DGtle (translation). The phone will reportedly be called the R10, and sport a 3.1" display, 5MP camera, 1800mAh battery, and 8GB of internal storage. The display size is on par with the high-end Q10's, but the other specs are inferior. Engadget points out next week's BlackBerry Live (May 14-16) conference "is a prime opportunity for an unveiling." [View news story]
BlackBerry Sells Out In 90 Minutes At Selfridges [View article]
BlackBerry (BBRY +1.4%) spiked in afternoon trading after U.K.-based SA contributor Michael Collins reported of strong Q10 demand at a Carphone Warehouse store on launch day. According to Collins, the store sold out of its stock of 2K units within 90 minutes, with demand apparently well above that seen for the Z10. Some of the demand came from exporters, many of whom were "buying 20+ units each." (Q10 reviews) [View news story]
BlackBerry Sells Out In 90 Minutes At Selfridges [View article]
2013 "production expectations" for the Z10 (BBRY -1.2%) have been trimmed by 4M-6M units, believes Wedge Partners' Brian Blair, who has been bearish on BlackBerry for years. He adds U.S. Z10 launches " have provided no evidence of meaningful sell-through," and is forecasting <10M 2013 BB10 shipments vs. Street estimates of 20M+. Meanwhile, Pac Crest's James Faucette (previous) believes U.S., U.K., and Canadian Z10 inventories are too high, and that production cuts are a matter of time. Also: BlackBerry says the Q10 is expected to sell for a subsidized $249 in the U.S., $50 more than the 16GB iPhone 5. [View news story]
Apple (AAPL -5.8%) has hit levels last seen in Dec. '11 following Cirrus Logic's warning and a Digitimes report about declining iPad Mini shipments. Cross Research calls Cirrus' warning "a reminder of weakening demand, and the challenges around product transitions" for Apple. Tero Kuittinen, noting sub-30M June quarter iPhone sales estimates and worries about the margin impact of emerging markets promotions, thinks "several nightmare scenarios have been priced in." "The naked fear of former Apple bulls is exactly what we need just before the earnings come out." [View news story]
Telefonica (TEF) obtains a $257M credit line from Canada's export agency to purchase BlackBerry (BBRY) phones and services. The deal comes shortly after the debt-laden carrier obtained a $1B credit line from Sweden's export agency to buy mobile infrastructure gear from Ericsson. [View news story]
Heckmann (HEK) settles a shareholder lawsuit surrounding the 2010 acquisition of China Water & Drinks, agreeing to pay plaintiffs attorneys $300K and issue to them 562,320 shares of company stock, while denying all allegations of wrongdoing. (PR) [View news story]
BlackBerry Z10 - No Zeros For Indonesia [View article]
BlackBerry Z10 - No Zeros For Indonesia [View article]
"Growth momentum is now slowing with policy responses constrained; a nasty combination," writes JPMorgan's Adrian Mowat, downgrading Chinese shares to underweight. Shanghai fell 1.7% overnight, putting its decline at about 8% over the last month. FXI -1.4% premarket. [View news story]
China Central Television (CCTV) has accused Apple (AAPL) and Volkswagen of giving consumers a bad deal. It's worth taking notice, as it was CCTV allegations about chicken quality at KFC that led to a plunge in sales. [View news story]