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Gary Krakow and TheStreet.com have a great video introducing Stockhouse’s newest BlackBerry application, Stockstream Mobile. You may remember Stockhouse for powering Reuters’ Connection-Station BlackBerry application. Stockstream Mobile retails for $19.95 and you can download it at the link below.
Stockstream Mobile for BlackBerry
|via The Street|
T-MOBILE USA REPORTS THIRD QUARTER 2008 RESULTS
T-Mobile USA, Inc. today reported third quarter 2008 results. At the end of the quarter, T-Mobile USA had 32.1 million customers, adding 670,000 net new customers during the third quarter, and OIBDA of $1.53 billion, up 8% compared to the third quarter of 2007.
“In the quarter, T-Mobile took giant steps forward in driving new innovations to meet the pressing needs of our customers,” said Robert Dotson, President and CEO, T-Mobile USA. “We introduced our customers to the T-Mobile @Home® landline replacement service at a time when saving money is a top priority for American households. We also established our new nationwide high-speed 3G services, which will cover 120 cities by the end of November. This network introduction was accompanied by the unveiling of the T-Mobile G1 with Google, the world’s first device built on the fully open Android operating platform giving consumers access to some of the most innovative mobile applications to ever come to market. These and other innovations are helping us aggressively compete as we debut new and craved-for services that truly meet customer needs and inspire greater long term loyalty to our brand.”
It might just be a sign of where the economy is, but financial website SeekingAlpha has published two thoughtful, well written articles saying two completely different things about RIM’s future. First up is SA analyst Bapcha, who says that RIM is currently the cheapest growth stock:
Research In Motion (RIMM), the manufacturer of the (Bl/Cr)ackBerry, turned in some exemplary numbers. For the three months ended Aug 30, 2008 (RIM’s Q2, 2009), revenue was $2.58 billion, up 15% from $2.24 billion in the previous quarter and up 88% from $1.37 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 82% for devices, 13% for service, 3% for software and 2% for other revenue.
During the quarter, RIM shipped approximately 6.1 million devices, and grew their subscriber base by 2.6 Million. Awesome numbers. In fact, for fiscal 2009 [ending Feb 2009], top-line growth of 80% and a growth of 70% in EPS is at the low end of what the company thinks they can churn out [awesome]. For fiscal 2010 [March 2009 to Feb 2010], I think that a growth in revenues of 40% yoy and EPS of 35% yoy [assuming slightly lower gross margins moving forward] are for sure numbers that RIMM can deliver on.
However, fellow SA analyst Matt Stewart has prepared five reasons why RIM will continue to fall.
Five reasons RIM will continue to fall
If you’re a RIM shareholder right now, you probably feel as though you woke up on the wrong side of the bed this morning. RIM’s stock opened 20 points down on the Nasdaq from its close last night at $97.53, and is now hovering around $73 per share. Checking the latest financial news today, it’s clear that this fall is reflective of myriad issues, ranging from RIM’s low Q3 forecast to the general economic climate. Here’s the best reports we’ve seen so far on the issue.
MarketWatch: Research In Motion sinks on disappointing forecast
“RIM’s business model is starting to show its pressure points. The company has become increasingly dependent on hardware sales. As a result, the timing of new product launches can have a big impact on their results,” wrote Brian Modoff of Deutsche Bank in a report, in which he cut the stock to a sell rating. “We think this trend will only worsen and their numbers are now, more than ever, dependent on a steady stream of hit products.”
Yahoo! Finance: Premarket roundup: Research in Motion
Analysts were thoroughly divided Friday about the meaning of BlackBerry maker Research in Motion Ltd.’s latest financial report, while investors united in a rush to dump the stock.
Whether you’re expensing lunches, or just like to keep a balanced checkbook, the recently-launched SplashMoney has a few things to offer. Previously available on Windows Mobile and Palm, SplashMoney shows multiple accounts, categorizes expenses and gives you access to a wealth of budget information. There’s a matching desktop app available, giving you tools to juice up your BlackBerry with all the numbers and data you need to stay in the black. Pie charts, wireless banking, secure Blowfish encryption, and currency conversions are just some of the features available to the BlackBerry-packing penny-pinchers out there. Check out SplashMoney for BlackBerry for more.
Everyone from the self employed, to small businesses, to large enterprises incurs expenses, and Exgis is there to track them. Using their web-based software, which is available anywhere with an internet connection, you can input and track expenses, and even automatically convert prices into your home currency if you’re out of the country. Their mobile version, available exclusively on BlackBerry, has all the features of the web-based software but allows you to input expenses as they happen rather than days later. Their booth at WES should be well worth visiting, and hopefully we’ll get to see even more features.
Find yourself spending a little beyond your means? Bankarama just announced a BlackBerry-compatible client which will let you track your purchases and make sure you don’t go over your limit. The software supports multiple accounts, lets you export data to Excel, and with a well-designed layout, makes managing your balance especially easy. If you’re interested, give it a shot.
Our buddies at Virtual Reach have a few new channels available for subscription on their free RSS reader: one is a customizable ESPN sports feed and another for exchange rates. Getting exchange rates on the go is just plain handy, especially if it’s folded into something you’re already using (you are already using BlackBerry Cool to Go, right?), but the customized sports feed is certainly something new that could seriously expand the usefulness of Viigo’s channels. Instead of cruising through the folders and finding the stuff you like, being given the option to make your own ensures that you get the content you want. We’re really hoping that Virtual Reach brings this kind of thing to more of their channels.
With all the focus lately on Apple and the iPhone, it’s easy to forget that RIM has other, likely more serious, threats to their enterprise smartphone dominance. Sure, Motorola is in a bit of financial trouble, and Microsoft is burdened by the albatross that is Windows Mobile, but what about Nokia? Large, powerful, Finnish… Sounds like competition to me.
Nokia recently announced their Q2 financial results, and the results are good. The company reported a 28% jump in net sales to $17.2 billion USD, along with a rise in operating margin from 15.3% to 18.7%. Their net profit jumped to $3.87 billion USD, compared to $1.56 billion a year previously.
But what’s most staggering are their device numbers. True, not all of their devices sold are competitors to the BlackBerry, but it’s hard to argue with 100 million devices worldwide and 38% of the total global device market.
Check out Nokia’s device numbers after the jump.
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