Research in Motion
Is There Any Hope for Research in Motion (Nasdaq: RIMM) Stock?
Die hard BlackBerry fans are more worried than ever that Research in Motion (Nasdaq: RIMM) may soon meet its maker.
The recent declines in profit, sales and RIMM stock -- which has plummeted 51% in the past six months -- has sparked mounting anxieties that the end for Research in Motion is imminent.
Speaking to these fears, RIM's new Chief Executive Officer, Thorsten Heins, vowed yesterday (Tuesday) that he will lead a turnaround for the beleaguered company, starting with a successful 2013 launch of its next-generation BlackBerry 10 phones.
Like a preacher on a pulpit, Heins maintained in an address to besieged shareholders that he would convert RIM into a "lean, mean, hunting machine."
"I have assembled a leadership team for RIM that's truly capable of taking us into the future," Heins promised.
BlackBerry fanatics, who helped coin the catch phrase "CrackBerry" to refer to their "addiction" to the iconic mobile phones, are pleading for RIM to make it - but it may be too late.
"If RIM continues to be run as it is, we believe that the company will eventually fail," wrote Nomura analyst Stuart Jeffrey in a June note to clients.
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Five Tech Stocks to Avoid: RIMM, HPQ, YHOO, ORB, GRPN
After a rocky 2011, tech stocks have gotten a nice bounce so far this year.
The Nasdaq 100 index is up about 7% so far, well above the 4.6% rise in the Standard & Poor's 500 index.
Strong earnings last week from Intel Corp. (Nasdaq: INTC), Microsoft Corp. (Nasdaq: MSFT) and International Business Machines Corp. (NYSE: IBM) have drawn still more attention to tech stocks.
But while tech stocks may look tempting right now, knowing which tech stocks to avoid will prevent a lot of pain to your portfolio in 2012.
So here are five tech stocks you should avoid, at least for now.
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Apple Goes "Island-Hopping" in its War Against Google
Apple Inc. (NASDAQ: AAPL) on Tuesday took aim at rival Google Inc. (NASDAQ: GOOG) and its Android operating system by filing a patent-infringement complaint with the International Trade Commission (ITC) against smartphone manufacturer HTC Corp.
Taiwan-based HTC is the largest maker of phones that use Google's Android operating system, such as the Nexus One. Apple involved the ITC in hopes of banning U.S. imports of HTC devices made with the technology in question. However, that filing was paired with a suit filed in federal court in Delaware that claimed infringement on 20 patents.
"We can sit by and watch competitors steal our patented inventions, or we can do something about it. We've decided to do something about it," said Apple Chief Executive Officer Steve Jobs. "We think competition is healthy, but competitors should create their own original technology, not steal ours."
- Investment News Briefs With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Goldman Records $3.03 Billion 3Q Income; Nokia Posts First Loss; Google Opening Online Bookstore in 2010; Rio Tinto Abandons South Africa Plans; RIM Ramping up Storm2; Tandberg Shareholders Reject Cisco […] Read More...
- Research In Motion Shares Nosedive After Missed Sales, Earnings Shares of BlackBerry maker Research In Motion Ltd. (Nasdaq: RIMM) plummeted in after hours trading yesterday (Thursday) after the company missed Wall Street’s earnings and sales expectations. For its second quarter ended August 29, RIM reported net income of $475.6 million, or 83 cents per share on revenue of $3.53 billion. That compares to a net […] Read More...
- Hot Stocks: Motorola Throws Hat Into Smartphone Ring Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.'s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.'s Blackberry. Motorola's stock is up nearly 12% since the announcement, as investors are hoping the new phone will be enough to win back some of […] Read More...