Tag Archives: RIMM

Business, Finance, Occupation & Industry

Short Interest Wanes in Some Big Stocks (GE, NOK, BAC, VZ, ANR, MCD, AAPL, RIMM, MSFT, DELL, GMCR, CSCO)

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By 24/7 Wall St.

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We have tracked the key short interest changes as of February 15 in the following large cap stocks: General Electric Co. (NYSE: GE), Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Verizon Communications Inc. (NYSE: VZ), Alpha Natural Resources Inc. (NYSE: ANR), McDonald’s Corp. (NYSE: MCD), Apple Inc. (NASDAQ: AAPL), Research in Motion, Microsoft Corp. (NASDAQ: MSFT), Dell Inc. (NASDAQ: DELL), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) and Cisco Systems Inc. (NASDAQ: CSCO).

General Electric Co. (NYSE: GE) short interest rose 6.4% to 77.96 million shares. About 0.7% of GE’s float is now short.

Nokia Corp. (NYSE: NOK) saw short interest fall by 2.7% to 330.97 million shares, about 8.8% of the company’s total float.

Bank of America Corp. (NYSE: BAC) short interest rise 10.3% to 166 million shares, which represents 1.5% of the company’s float.

Verizon Communications Inc. (NYSE: VZ) saw a 3.8% rise in short interest to 47.05 million shares, which represents about 1.6% of the firm’s float.

Alpha Natural Resources Inc. (NYSE: ANR) showed a rise of 3.6% in short interest, to 33.13 million shares, about 15.2% of Alpha’s float.

McDonald’s Corp. (NYSE: MCD) showed a rise of 12.5% in short interest, to 13.92 million shares, about 1.4% of the company’s float.

Apple Inc. (NASDAQ: AAPL) saw a short interest fall by 0.4% to 18.78 million shares, or 2% of the company’s float.

Research In Motion changed its name to BlackBerry (NASDAQ: BBRY) on January 30, and short interest for this period was reported under the old name and ticker symbol RIMM. It saw short interest rise by 5.4% to 136.51 million shares, or 27.6% of the total float.

Microsoft Corp. (NASDAQ: MSFT) posted a 4.4% rise in short interest, to 83.58 million shares, about 1.1% of Microsoft’s float.

Dell Inc. (NASDAQ: DELL) short interest fall by 30.1%, to 28.73 million shares or about 2% of the company’s float.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) saw short interest increase by 13.9% to 30.89 million shares or 25.4% of the company’s float.

Cisco Systems Inc. (NASDAQ: CSCO) saw short interest fall by 3% to 55.11 million shares or about 1% of the company’s float.

Short interest in Dell has declined dramatically again following the buyout offer from Michael Dell and his partners. The rise in BlackBerry’s share price has brought more short interest because few people really believe the new smartphones will make much of dent in the armor of Apple, Google Inc. (NASDAQ: GOOG) or Samsung. GE’s rise in short interest is likely due to investors’ belief that the stock is fully valued and prospects are dimming as the global economy continues its slow motion recovery.

Filed under: 24/7 Wall St. Wire, Large Cap Stocks, Short Interest Tagged: AAPL, ANR, BAC, CSCO, DELL, GE, GMCR, GOOG, MCD, MSFT, NOK, RIMM, VZ

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Apple's and Android's US Smartphone Market Share Continues to Increase

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By Chuck Jones, Contributor comScore released its December results survey and Apple had its eleventh month of increased market share when tabulated on a three month rolling average.  Apple had a 36.3% smartphone market share for the last three months of 2012 and increased its share by 6.7 percentage points over the past year.  Not surprisingly Android has the leading smartphone market share at 53.4% and increased its take by almost as much as Apple.  RIMM (now Blackberry) lost a large amount of share, almost 10 points for the year.  Microsoft continues to slip so the race to become a worthwhile third platform is still anyones game. Dec. ’11 Mar. ’12 June ’12 Sept. ’12 Dec. ’12 Year Android 47.3% 51.0% 51.6% 52.5% 53.4% 6.1% Apple 29.6% 30.7% 32.4% 34.3% 36.3% 6.7% RIMM 16.0% 12.3% 10.7% 8.4% 6.4% (9.6)% Microsoft 4.7% 3.9% 3.8% 3.6% 2.9% (1.8)% Symbian 1.4% 1.4% 0.9% 0.6% 0.6% (0.8)% Other 1.0% 0.7% 0.6% 0.6% 0.4% (0.6)% Total 100.0% 100.0% 100.0% 100.0% 100.0% Source: comScore …read more
Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Analyst Shows Caution Right After Blackberry 10 Launch

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By 24/7 Wall St.

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rim_logo_blackResearch in Motion Ltd. (NASDAQ: RIMM) has now debuted its very late release of the Blackberry 10 operating system. While we have already seen releases that Verizon, Sprint, and AT&T will carry the new devices, we wanted to know what Wall Street thinks of the launch. Its stock price indicates “not very much” but we still wanted to see what analysts are saying.

Yesterday we had some caution from UBS and Oppenheimer ahead of the Blackberry 10 release. Now we have Shaw Wu of Stern Agee voicing some concerns. We maintains a Neutral rating and has no price targets on RIM.

On changing the name to BlackBerry, Wu said, “We believe changing the company name to BlackBerry from Research in Motion (RIM) makes sense in that it simplifies its brand name. This is a move that many have asked for some time and interesting to see that the company has finally agreed.”

Wu thinks that the new phones are coming to the market too late and that the prices may be too high. He said, “While the Z10 will be available in the U.K., Canada, and the U.A.E. soon, the later launch in the U.S. in March could be disappointing to some. In addition, the Q10 won’t be available until April. So far, price points at $149.99 and $199.99 don’t seem competitive as many Android smartphones are available for $99, $49, or free. We believe RIMM and/or carriers may need to price more aggressively to generate interest.”

Wu concluded, “We maintain our Neutral rating as we continue to be concerned with RIMM‘s fundamentals where competitive pressures from Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: AAPL) are unlikely to subside and the company faces a major product transition with BB10.”

After 2:30, shares are down 6.5% at $14.64 versus a 52-week trading range of $6.22 to $18.32. More important than anything is that RIM has traded a whopping 180 million shares against an average daily volume of almost 50 million shares. This is unheard-of trading volume.

Better late than never.

Filed under: 24/7 Wall St. Wire, Analyst Calls, Consumer Electronics, Technology, Technology Companies, Telecom & Wireless Tagged: AAPL, GOOG, RIMM

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Here Comes RIM's Blackberry 10….Now What?

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By Christopher Versace, Contributor Excitement has been building for Research in Motion’s (RIMM) official unveiling of its new Blackberry 10 operating system (BB10). That event happens tomorrow, January 30th and can be watched live via this link. Are expectations running high for this once had to have device company? Yes – all we need do is look at the move in the company’s shares over the last several months. Since bottoming in late September at $6.22 per share, RIMM shares soared to a January high near $18 before pulling back to the current $16 share price.
Source: FULL ARTICLE at Forbes Latest