Matching a recent move by Wal-Mart, Amazon.com has unveiled a new promotion on Research in Motion BlackBerry phones, giving buyers of certain models who sign up for new 2-year plans free $100 “e-gift cards.”
When last we left the Waterloo, Ontario-based maker of BlackBerries, Research in Motion’s shares were falling like a rock. Or, perhaps, like a kitchen knife.
Research in Motion shares are getting clobbered this morning after the company yesterday issued weaker-than-expected revenue guidance for the fiscal third quarter ending in November.
Ford Motor Co. and Microsoft Corp. are teaming up to market the auto maker’s redesigned Taurus sedan.
Ford and Microsoft first teamed up a few years ago to launch the Sync telematics system, which enables drivers to hook Bluetooth entertainment and communications devices into the car.
So here’s the thing about the smartphone market: there are way too many of them.
The year 2010, JMP Securities analyst Samuel Wilson asserted in a report this morning, “should be the year of the shakeout in smartphones.” He believes most of the market share and carrier focus will consolidate around three vendors.
For two Canadian guys who’ve spent the past 17 years together building one of the world’s most important tech companies, Research in Motion co-CEOs Jim Balsillie and Mike Lazaridis have surprisingly little in common.
Microsoft Corp. and Nokia Corp., once bitter rivals in the mobile market, formed an alliance to strengthen their positions at a time when other competitors have become far more troublesome.
The deal between the two companies will bring Microsoft’s Office programs and other software to Nokia phones. It is aimed squarely at the professional market that Research In Motion Ltd. targets so successfully with its BlackBerry line of smart phones.
Some positive views bubbling up today for BlackBerry maker Research in Motion, as Susquehanna Financial Group’s Jeffrey Fidarco initiates coverage of its stock with a “Positive” rating and a price target of $94, which would be about 18 percent upside from the current price. And an increase in estimates by Oppenheimer & Co.’s Ittai Kidron.
The cell phone market right now is awash in buzz, with the debut of the Palm Pre, updated Apple iPhones on the way and new models coming from Research In Motion and others.
Research In Motion didn’t provide a lot of concrete news at its analyst day yesterday; there were no new models unveiled, and no updated financial guidance. But the analysts nonetheless came away from the event feeling generally more upbeat on the company than when they arrived. And that has given RIMM shares a modest boost in today’s trading.
Dell CEO Michael Dell has done little to dispel rumors that his company is working on a mobile computing device. In fact, he all but confirmed them while traveling in Japan on March 24 when he said: “It is true that we are exploring smaller-screen devices.” What form those devices will take remains a matter of heated debate.
Who knew Dick Cheney was an e-book reader?
In an interview on CNN’s “State of the Union,” the former vice president said that he owns an Amazon Kindle and used it to read James McPherson’s “Tried by War: Abraham Lincoln as Commander in Chief.” He said he also uses a BlackBerry, made by Research In Motion, to keep up with the news now that he’s no longer in office.
Research in Motion shares are taking a hit this morning after Broadpoint.Amtech analyst Rob Sanderson trimmed his earnings estimates on the company for both the February 2009 fiscal year and for FY 2010. While Sanderson keeps his Buy rating, he notes that the company appears to have reduced its build plans and reduced component orders in the past few weeks.
A question inspired by this week’s news that Research in Motion, the company that makes the BlackBerry, has become the chief sponsor for U2’s next bombastic world tour: Who exactly is profiting from this deal?
Bold call this morning–no pun intended–from ThinkEquity analyst Mike Burton, who launched coverage of Research In Motion with a Sell rating and a $30 price target.
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