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NEW YORK-- A Citi analyst on Wednesday assumed coverage of BlackBerry Ltd. with a "Sell" rating, saying that the smartphone maker continues to struggle and is worth more broken into pieces than as a whole company.
Research in Motion Ltd. fell 3.6 percent to $5.55 with 18,783,100 shares traded. Cisco Systems Inc. was unchanged at $21.22 with 24,772,900 shares traded. Facebook Inc. rose 3.5 percent to $50.54 with 41,441,000 shares traded.
Research in Motion Ltd. fell 4.2 percent to $5.88 with 12,299,100 shares traded. Cisco Systems Inc. fell. 7 percent to $21.10 with 25,265,700 shares traded. DryShips Inc. rose 5.3 percent to $3.58 with 15,238,500 shares traded.
*BlackBerry well-positioned for the long term growth. LONDON, Dec 4- Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio.
Interim CEO John Chen wanted to "set the story straight" about the company's commitment to its enterprise business
Chen took over as CEO a month ago after BlackBerry abandoned a plan to sell itself. BlackBerry, once the market leader in on-the-go email, has suffered a drastic loss of market share to Apple Inc's iPhone and devices powered by Google Inc's Android software. "We know that BlackBerry devices are not for everyone.
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Good has been stealing BlackBerry's clients with a simple pitch: Its platform lets employees access the corporate server on their personal device.
CNBC's Kayla Tausche reports Wall Street is ditching the BlackBerry and embracing "bring your own device." "Good" is a new app that can live on a tablet or smartphone that securely connects any Apple or Android device to a company's server.
Some of the names on the move ahead of the open.
Chen, brought in as interim CEO earlier this month after the company dropped a plan to sell itself, said BlackBerry is setting its marketing sights on corporations, governments and the big clients that were at the root of its early success. BlackBerry named James Yersh to replace Brian Bidulka as CFO.
U.S. stocks mixed, with Dow closing at another record high.
CNBC's Seema Mody reports that the chief operating and marketing officers are leaving BlackBerry. CNET Executive Editor Roger Cheng says the company is giving up on the consumer market.
Some of Monday's midday movers.
BlackBerry also said Roger Martin, a board member since 2007, has resigned. BlackBerry, once a market leader in the field of on-the-go email, has lost market share to Apple Inc's iPhone and devices that are powered by Google Inc's Android software.
BlackBerry also said Roger Martin, a board member since 2007, has resigned. Early in November, BlackBerry said it had shelved plans to sell itself and instead opted to raise $1 billion via a convertible notes offering led by Fairfax Financial Holdings Ltd, its largest shareholder.
NEW YORK, Nov 25- In May 2012, Chen Guangcheng, the Chinese dissident, was getting ready to journey to New York after his improbable escape from house arrest. About a week before his arrival, an Evangelical Christian pastor from Texas and a New York University law professor took a walk in Central Park.
TORONTO, Nov 25- BlackBerry Ltd on Monday announced a management shake-up that includes the departure of three top executives, in a widely expected follow to this month's naming of a new chief executive.
BlackBerry said it has replaced its chief financial officer, and said its chief marketing and chief operating officers are leaving the company.