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.
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.
To say Palm has a lot riding on the Pre smartphone is an understatement.
During the “Launch Pad” session, five start-ups took a grilling from developers, journalists and venture capitalists, then faced a crowd vote at the Web 2.0 Expo’s version of “American Idol.”
As attendees texted their votes, moderator John Battelle, founder of Federated Media Publishing, jokingly asked: “Want to have a dance-off?”
None were necessary. The techies in attendance were starry-eyed for all things mobile, picking Nitobi’s PhoneGap, an open-source tool for building mobile apps, as the People’s Choice winner. Life-tracking site zeaLOG was a close second.
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.
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.
Verizon Wireless and Research In Motion Ltd. have high hopes for the BlackBerry Storm, which they spent nearly two years developing as their big response to Apple Inc.’s iPhone.
But despite a marketing campaign that cost more than $100 million, the smartphone has gotten off to a bumpy start.
Research In Motion shares are getting a lift today from RBC Capital analyst Mike Abramsky, who raised his rating on the stock to Outperform from Sector Perform. He upped his price target on the stock to $75, from $45.
After combing through Research in Motion’s Dec. 19 6-K filing, Avian Securities wireless analyst Matthew Thornton writes that the company’s prospects are still intact as it moves past its recent product delays in introducing new BlackBerrys.
The “binary” outcome of RIM’s dilemma, according to research done by Citigroup’s Jim Sava, rests largely on whether or not Bold and Storm, the company’s widely anticipated new products, hit the market in time for the holidays. From there, in either case, the flowchart of scenarios and corresponding percentages–do consumers like the product? do profits go up?–become overwhelming. And of course, the company has recently changed its strategy and business model–it’s now a consumer company. Given that, it still boils down to Suva’s coin toss. Heads: earnings up; tails: earnings down.
You have to search pretty hard to find tech stocks left out of today’s rally. But they’re out there. Here are a half-dozen companies that were not included in today’s historic rally, which took the Nasdaq Composite up nearly 12 percent.
Pacific Crest analyst James Faucette writes this morning that Research In Motion’s (RIMM) September sell-through numbers are looking “slightly disappointing” ahead of a flurry of new product launches. He says that sales are trending flat with August.
Marvell (MVRL) shares are down sharply again today, pressured this morning by Deutsche Bank analyst Arnab Chanda, who cut his rating on the stock to Hold from Buy. He cut his target price on the stock to $15 from $20.
What’s the killer app on a BlackBerry? Citigroup analyst Jim Suva has a note out today detailing his experience testing the forthcoming Research in Motion (RIMM) BlackBerry–the “Bold.” He says one of his tests involved watching the comedy movie “Talladega Nights” about race car driver Ricky Bobby, which showed off the pretty screen on the device.
Back on June 26, Credit Suisse analyst Kulbinder Garcha picked up coverage of Research In Motion (RIMM) with an Underperform rating, setting a $100 price target. So far, he’s looking like a genius: RIMM shares are since down 16 percent.
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