Editor’s Note: Related tickers: Research In Motion Ltd (NASDAQ:BBRY), Apple Inc. (NASDAQ:AAPL)
RIM smacked with downgrades, reduced price targets (TheGlobeAndMail)
Canadian tech giant Research In Motion Ltd (NASDAQ:BBRY) has been handed a Canada Day lashing by several analysts in the the wake of its dismal quarterly results on Friday, with several major research houses cutting their ratings or price targets. Shares in the company closed down 1.6 per cent Monday on Nasdaq at $10.29 (U.S.), adding to losses of 28 per cent on Friday. Research In Motion Ltd (NASDAQ:BBRY) reported adjusted losses of 13 cents per share for the three months ended June 1, far missing the 4-cents-per-share profit forecast by analysts. Even more disappointing to many, Research In Motion Ltd (NASDAQ:BBRY) said shipments of its new BlackBerry 10 devices were only 2.7 million, below the consensus view of 3.3 million. It also projected an operating loss for the current quarter.
Research In Motion Ltd (NASDAQ:BBRY) is Surging High (FinancialsTrend)
Research In Motion Ltd (NASDAQ:BBRY) is a reputed designer, manufacturer and marketer of wireless solutions. The company has earned its reputation in the mobile communications market across the globe in offering effective solutions. The company extends a strong platform and tailor-made solutions towards a seamless access to information by developing integrated hardware, software, along with the services related to the above. The services include voice, instant messaging, short messaging, e-mail and browsing and application through intranet and internet. The contemporary technology developed by the company has enabled manufacturers and third party developers to add enhancement to the range of products and services with the use of wireless connectivity, software development kits and the third party support system available.
BlackBerry’s Perpetual Farewell (ITBusinessEdge)
The long goodbye of Research In Motion Ltd (NASDAQ:BBRY)/BlackBerry may finally be entering its final stages. But, like a dying star that implodes over eons, the fading of Research In Motion Ltd (NASDAQ:BBRY) could still go on for a long time. The story has been told many times: BlackBerry blazed a trail and for many years ruled the roost. It now has been brought low by Apple Inc. (NASDAQ:AAPL) and Android. The company’s last best chance of survival was the introduction of three products — the Q10 and Z10 devices and the BlackBerry Enterprise Server 10 (BES 10). If the thought that the company’s fate depends on the introductions is correct, the end may be coming.
Is Mobile Security BlackBerry’s Escape Route? (TechWeekEurope)
Research In Motion Ltd (NASDAQ:BBRY) is sharing its family jewels. It is bringing its legendary uncrackable encryption to iOS and Android, along with other features. The mobile firm is putting BlackBerry Secure Work Space on Android and iOS devices, and promises IT managers the stability they need to protect company information, while users get to use their favorite devices at work. As well as Research In Motion Ltd (NASDAQ:BBRY) encryption, the deal brings a suite of secure, containerised applications — including email, calendar, contacts and Web browsing — to those new devices. …Using this could eliminate the need to maintain a separate virtual private network (VPN), cutting costs while maintaining security.
