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RBC

RBC: RIM’s turnaround remains cloudy

September 8th, 2011

While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the …

HP's PC blunder will deteriorate HP brand value, analyst says

August 26th, 2011

It remains to be seen whether Hewlett-Packard’s upcoming overhaul will pay off in the long run, but one things seems clear: the manner in which HP revealed its plans was ill-conceived at best. HP’s announcements sent its stock tumbling, and analysts continue to lose faith in the company as unrest builds. In a note to investors …

Even without its core, Apple will live on

August 25th, 2011

If a leader’s resignation from his or her CEO role at a company doesn’t have an impact on that company’s business, the leader was ineffective. As such, it seems odd to think analysts and pundits are spending time debating whether or not Apple founder Steve Jobs’s departure from his chief executive post will change Apple. …

BlackBerry 7 launch: Weak AT&T sales, healthy Sprint sales according to RBC

August 24th, 2011

Sales of Research In Motion’s new BlackBerry 7 smartphones have been mixed out of the gate according to one analyst, with AT&T showing weak sell-through while Sprint stores have shown healthy sales to end users. In a note to investors on Wednesday, RBC Capital Markets Managing Director Mike Abramsky wrote that the majority of subscribers …

RIM to discontinue Wi-Fi BlackBerry PlayBook?

July 18th, 2011

In a note to investors Monday afternoon, RBC Capital Markets Managing Director Mike Abramsky reiterated an OTR Global report that Research In Motion is possibly planning to stop production of the current Wi-Fi BlackBerry PlayBook model. The Wi-Fi version of the BlackBerry tablet is the only version Research In Motion sells for the time being. The reasons for the …

Analyst calls for RIM to break apart handset, network businesses

July 12th, 2011

With Research In Motion’s annual shareholder meeting scheduled to take place later today, one popular RIM-focused analyst is calling for the company to split its handset and network businesses into two separate companies. “RIM’s organization, like its handsets, needs modernization. By acting now, splitting RIM into network and handset businesses may target opportunities and unlock significant shareholder …

RIM is bloody but not dead yet, RBC says

June 17th, 2011

In a note to investors Friday morning, RBC Capital Markets Managing Director Mike Abramsky lowered his target on shares of RIM stock from $45 to $35 with a Sector Perform rating. Following yesterday’s bloodbath, shares of RIM stock plummeted by as much as 19% after-hours on concerns surrounding RIM’s second-quarter and full-year outlook. The Waterloo, Ontario-based …

Research In Motion expects lower smartphone shipments in Q1

April 28th, 2011

In a note to investors, RBC Capital Markets Managing Director Mike Abramsky echoed a notice from Research In Motion that cut the company’s quarterly outlook citing lower than expected smartphone sales. RIM now expects Q1 revenue “slightly below” original guidance due to pullback in shipments of smartphones and a lower average selling price. Shares of …

First day BlackBerry PlayBook sales may have exceeded expectations

April 20th, 2011

Amid multiple reports to the contrary, RBC Capital Markets General Manager Mike Abramsky on Wednesday said first day PlayBook sales likely exceeded analysts’ expectations. In a note to investors, Abramsky states that RIM may have moved about 50,000 PlayBook tablets on launch day alone, including pre-order sales. The analyst and his team placed calls to …