BlackBerry said on Friday that it has laid off 200 employees in California and Florida. The New York Times reports.» Read More
Wow! Talk about a busy earnings season. I haven't had much time to breathe lately, which explains the lack of blogs these past several days. The financial flurry has been non-stop and right now is the first chance I've gotten to catch that long-lost breath. And it gives me an opportunity to focus on Microsoft, which reports after the bell today.The Street is looking for 46 cents on $13.89 billion in revenue.
Research In Motion is set to roll out new software that will let users turn smartphones running on Microsoft's Windows Mobile platform into virtual BlackBerries.
A service outage this week of BlackBerry e-mail devices resulted from a new storage feature that was not sufficiently tested, device maker Research In Motion said.
SiRF Technology Holdings swung to a quarterly profit, as it took a one-time charge related to the acquisition of TrueSpan in the year-ago quarter.
Wow--we've gotten posts from all three guest bloggers today as this one from Timothy Sykes wraps it up. You certainly have some food for thought. Here's Timothy: Many contestants have been asking why I advocate such a seemingly risky strategy by focusing on chart plays with upcoming earnings. The answer, like my strategy, is rather simple.
Users of the hand-held BlackBerry e-mail device, a communications lifeline for movers and shakers from the White House to Wall Street, endured hours of disrupted service before the system was restored on Wednesday.
Berry Blackout: Sometimes you have to chase the news, but sometimes the news chases you. It was our affiliate, WNBC-TV, which first put together the story that Research In Motion’s BlackBerry system had suffered a massive outage overnight -- leaving users all over the Western Hemisphere without instant access to e-mail messages. ... Also: I’m the last guy to spoil a good market party, but as the keeper of market factoids, it was unusual to see the Dow reach a record high -- yet have two-thirds of the Dow components trading lower...
If you went to bed and woke up this morning thinking the world was quiet and that today was going to be a light day at the office, you may want to call in, instead of relying on your BlackBerry. Research in Motion confirms a massive, system wide blackout affecting all its 8 million subscribers that began around 8 p.m. ET Tuesday, and while service is being restored, it is still sporadic and may take much of the day to get back on line completely.
Stocks are heading for a lower opening as some weak tech earnings worry investors. The dollar continues to fall against major currencies. Asian markets were higher overnight, but European stocks are lower. There are no big data items today but earnings could sway direction.
Good morning. Parker Robinson and James Kraber remain the dynamic duo at the top of the leaderboard. Parker's portfolio value stands at $2,823,511.09 down $8,592.18 or -0.30% from Wednesday's total with his biggest dollar loss on RIM costing him $6,324.16.
Stocks closed with broad gains as investors bought up large cap stocks, shrugging off a 3% gain in oil prices. "People are looking for a little bit of value, particularly in the large cap sector," said Dan McMahon, head of listed trading at CIBC World Markets. "It's not a huge move but we stopped the bleeding today."
The market selloff after Research in Motion’s disappointing guidance presents an excellent buying opportunity, one analyst told Mark Haines and Erin Burnett on “Squawk on the Street.” “They’re investing more in growth, just starting to crack open the consumer opportunity, and we do have some one time events, a bit of a higher tax rate that is pinching some of the earnings outlook,” said Rob Sanderson, media and communications analyst with American Technology Research.
BlackBerry maker Research In Motion's stock fell sharply after the company reported slightly lower-than-expected earnings and said the SEC was formally investigating its stock-options practices.
Good morning. Parker Robinson has remained on the top of the leaderboard since April 5th, and James Kraber is holding strong in the #2 slot. Parker's portfolio value stands at $2,832,103.27, up $36,000 from Tuesday on Electro Scientific and bonus bucks. Parker's gamble on Electro Scientific paid off. He bought 50,000 shares at $20.09, and it closed Wednesday
Stocks prices are soft ahead of the open, following a slide in Europe and Asia on yesterday's comments from the Fed.
Good. Just not good enough. Strong. But not strong enough. Call RIMM's Fourth Quarter earnings report what you want, but just don't call it "good news."
BlackBerry maker Research In Motion reported sharply higher fourth-quarter profit that was still a penny short of expectations. RIM also revealed that an informal inquiry by the Securities and Exchange Commission into past stock-option grants has been upgraded to a formal investigation.
Stocks closed broadly lower on Wednesday as investors' hopes for a cut in interest rates diminished following the release of minutes from the Fed's policy meeting three weeks ago."I think what the market wanted to hear was that the Fed was looking to come to the rescue and add liquidity to the system, as they seemed to tip their hat to in the last FOMC announcement," Kevin Caron, market analyst at Ryan Beck, told CNBC.
If you know any investors in Research in Motion, you may want to have some Kleenex ready; not for tears of sorrow, but for the ongoing nosebleed they're suffering with the Blackberry maker's shares trading at a 52-week high.
Good morning all. Parker Robinson and James Kraber remain in the top two positions, with James holding the 2nd and 4th positions, and remember Deborah Taft? She made a strong move back into third place. Parker's portfolio value stands at $2,796,103.27, up $3,000 from Monday on bonus bucks.