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Motorola Mobility stock dips following analyst downgrade

June 30th, 2011

Facing stiff competition from Samsung, LG, and Apple, Motorola Mobility has seen a slump in its share price and market share following a recent downgrade from analyst firm BMO. According to Dow Jones News Wires, Motorola Mobility’s share of the Android market took off like a rocket when it introduced the highly sought-after Motorola DROID …

Best Buy, Amazon.com see MacBook Air stockouts ahead of imminent refresh

June 27th, 2011

It looks like we may finally see Apple unveil its mid-2011 MacBook Air models some time this week. Best Buy has stopped shipping all MacBook Air notebooks as of this past weekend. The online retailer is still taking orders, however, which indicates that Apple will likely not adjust pricing when it issues its refreshed models. …

RIM chiefs no longer billionaires thanks to plummeting RIM stock

June 23rd, 2011

Shares of RIM stock have taken a beating since the company announced devastating first-quarter earnings last Thursday. The Waterloo, Ontario-based BlackBerry maker missed Wall Street’s first-quarter consensus, it lowered its full-year guidance, it announced workforce reductions, it confirmed product delays and investors went running for the door as did a top executive. Since the earnings release last week, …

RIM’s sixth-largest investor to dump its entire stake

June 17th, 2011

Following RIM’s first-quarter earnings release on Thursday, the company’s sixth-biggest investor confirmed that it is giving up on the Waterloo, Ontario-based BlackBerry maker. “They are resting on their laurels,” said Stephen Jarislowsky, chairman of Jarislowsky Fraser Ltd., on Friday in an interview with Bloomberg. “Steve Jobs is a much better marketer than RIM,” Jarislowsky added. “We …

Facebook’s possible Q1 2012 IPO could be worth more than $100 billion

June 13th, 2011

According to CNBC, Facebook may go public during the first quarter of next year, and sources expect the company could be valued at more than $100 billion. Facebook could find an IPO more attractive once it surpasses a total of 500 investors, because after that milestone it will be required to file financial information with …

RIM letting opportunity from Nokia debacle slip, Citi says

June 9th, 2011

In a note to investors on Thursday, Citigroup analyst Jim Suva cut his rating on shares of RIM stock from Buy to Hold, dropping his price target from $80 to $45. Suva had upgraded his rating on RIM shares from Sell to Buy back in February on the assumption that the Waterloo, Ontario-based company would …

Back to business: RIM will lose consumer market, analyst says

May 27th, 2011

“We no longer anticipate Research in Motion recovering to participate in the mainstream of smartphone industry growth.” Those are the words of Matthew Robison, an analyst with Wunderlich Securities, which recently downgraded RIM’s stock. Robison argues that RIM is going to lose the consumer interest that it has built over the last few years. “Our …

Twitter acquires TweetDeck for $40 million

May 24th, 2011

Earlier this month we heard reports from TechCrunch that TweetDeck had been acquired by Twitter for $50 million. CNN now says that Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal, and that the paperwork was signed on Monday. Neither Twitter nor TweetDeck have confirmed the purchase, and Twitter’s PR …

HP reports Q2 earnings: revenue up over last year, weak Q3 guidance

May 17th, 2011

HP reported its second quarter results for 2011 early on Tuesday. Net revenue of $31.6 billion was up 3% from the $30.8 billion in net revenue HP reported during the second quarter last year. The firm reported income of $2.3 billion, up 5% from the same period last year. HP said its results were driven …