RIM shares tumble as cellphone industry shifts

Release Date 2 Jun, 2011 in BusinessWeek

 
   

RIM reigns supreme in Canadian smartphone wars

Edmonton Journal - 2 Jun, 2011
By Matt Hartley, Financial Post June 2, 2011 6:54 AM Research In Motion Ltd. is still the king of the castle in its own backyard. TORONTO â€" Research In Motion Ltd. is still the king of the castle in its own backyard. RIM's BlackBerrys are the most ...

RIM shares tumble as cellphone industry shifts

BusinessWeek - 2 Jun, 2011
Shares of Research in Motion Ltd., the BlackBerry smartphone maker, tumbled Wednesday following worrisome signs about the level of erosion that Apple Inc.'s iPhone and phones based on Google's Inc.'s Android operating system are having on other key ...

Research in Motion: Another Nokia?

Wall Street Journal (blog) - 2 Jun, 2011
By Dave Kansas AP At first blush, the comparison seems a bit far-fetched. BlackBerry owners seldom are confused with Nokia owners. But upon closer inspection, the two companies have several nettlesome similarities. For starters, both stocks are getting ...

RIM Off 6%: More Nokia Tea Leaves

Barron's (blog) - Tiernan Ray - 2 Jun, 2011
Shares of Research in Motion (RIMM) are taking it on the chin this morning, down $2.60, or 6%, at $40.25, as analysts continue to ponder the implications for the company following Nokia's (NOK) reduced outlook yesterday. ...

TSX retreats on gold, RIM; oil cushions slide

Reuters Canada - ‎May 31, 2011‎
By Solarina Ho TORONTO (Reuters) - Toronto's main stock index ended the day and month lower on Tuesday, weighed down by retreating gold miners, while a modest eleventh-hour rebound by energy issues helped pare some earlier losses. ...

RIM teeters on the edge of obsolescence

The Daily Deal - 2 Jun, 2011
by Olaf de Senerpont Domis Shares of Blackberry maker Research In Motion Ltd. (NASDAQ:RIMM) slid 1.72% as the company continued to take flak from Wall Street. The latest blow came Tuesday as Rodman & Renshaw (NASDAQ:RODM) analyst Ashok Kumar dropped ...

Analysts Take Bearish View on Research In Motion Following Nokia's Outlook

Financial News Network Online - Tim Tracy - ‎Jun 1, 2011‎
Jefferies believes Research in Motion's (NASDAQ:RIMM) handset business margin could be much lower this quarter due to falling selling prices and views Nokia's (NYSE:NOK) profit warning as a possible preview of what awaits RIM. ...

Jefferies Sees Nokia's (NOK) Guidance as a Preview of What is to Come from RIM ...

StreetInsider.com (subscription) - ‎Jun 1, 2011‎
Jefferies is reiterating its Underperform rating and $35 price target on shares of Research In Motion Ltd. (NASDAQ: RIMM) noting that Nokia's (NYSE: NOK) warning is a preview of of what RIMM awaits. The firm anticipates that gross margin will fall from ...

RIM shares tumble as cellphone industry shifts

Forbes - 2 Jun, 2011
AP , 06.01.11, 02:58 PM EDT SAN FRANCISCO -- Shares of Research in Motion Ltd., the BlackBerry smartphone maker, tumbled Wednesday following worrisome signs about the level of erosion that Apple Inc.'s iPhone and phones based on Google's Inc.'s Android ...

Nokia concerns drag RIM lower

Vancouver Sun - Euan Rocha, Frank McGurty - 2 Jun, 2011
Handout image of Research In Motion's new BlackBerry Torch smartphone unveiled in New York August 3, 2010. TORONTO (Reuters) - Shares of Research in Motion (RIM.TO) extended a two-day slide on Wednesday on concerns ...

RIM shares tumble again after Nokia warning

Economic Times - 2 Jun, 2011
TORONTO: Shares of Research in Motion extended a two-day slide on Wednesday on concerns that a profit warning from Finland's Nokia could presage more difficulties for the Canadian maker of the BlackBerry smartphone. As with Nokia, RIM is facing a ...

RIM shares tumble again after Nokia warning

Reuters Canada - Euan Rocha, Frank McGurty - 2 Jun, 2011
TORONTO (Reuters) - Shares of Research In Motion extended a two-day slide on Wednesday on concerns that a profit warning from Finland's Nokia could presage more difficulties for the Canadian maker of the BlackBerry smartphone. ...

CANADA STOCKS-TSX retreats on golds, RIM; oils cushion slide

Reuters Africa - Rob Wilson - ‎May 31, 2011‎
By Solarina Ho TORONTO, May 31 (Reuters) - Toronto's main stock index slipped lower on Tuesday, weighed down by retreating gold miners, while a modest eleventh-hour rebound by energy issues helped pare some earlier losses. The broader materials sector, ...

RIM: RBC Sees Risk, Opportunity In Nokia Fall

Barron's (blog) - Tiernan Ray - ‎May 31, 2011‎
RBC Capital's Mike Abramsky, who has a Sector Perform rating on shares of Research in Motion (RIMM), and a $53.45 price target, writes that the deterioration of Nokia's (NOK) business, expressed in Nokia's financial update this morning, ...

RIM shares sink to five-year low

Ottawa Business Journal - 2 Jun, 2011
Shares of Blackberry maker Research In Motion Ltd. (TSX:RIM) skidded to a five-year low Wednesday afternoon. The low occurred shortly after mobile phone maker Nokia Corp. announced device and services sales in Q2 would be "substantially lower" than its ...

Nokia Officially Vows to Release First Windows Phone 7 Smartphone in Q4 2011.

X-bit Labs - Anton Shilov - ‎May 31, 2011‎
Nokia Corp. on Tuesday said that it would release its first handset based on the Microsoft Corp.'s Windows Phone operating system in the fourth quarter of this year. The company accelerates development of smartphones on the new OS as ...

 

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