Tag: stocks

RIM announces common share repurchase program

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RIM’s Board of Directors have authorized a share repurchase program to purchase common shares having an aggregate purchase price of up to US$ 1.2 billion, or approximately 21 million common shares based on current trading prices (representing approximately 3.6% of the currently outstanding common shares of RIM).

The Board of Directors feel that this program is in the best interests of RIM and its shareholders. While their motives were not explicitly stated in the press release, a share repurchase program is generally about increasing ownership of the company by reducing the number of outstanding shares. Overall, this company is going to continue to grow and the more control and ownership RIM has, the better.

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RIM stock is up 4.3 per cent as RBC raises price target

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This week has had some positive stock news for RIM as the S&P/TSX composite index rose 142.25 points, or 1.35%, to 10,673.84, as gainers outpaced losers by a ratio of nearly seven-to-one and nine of 10 subindexes closed in positive territory.

Technology stocks, which account for less than 5% of the total index, rose 3.92% as a group, getting a boost from Research in Motion Ltd., up 4.3%, after RBC Capital Markets analyst Mike Abramsky raised his price target on RIM from US$100 to US$150.

[Via]

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Citi Investment analyst advises you keep buying RIM stock

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Analysts are saying that RIM’s shares will come under pressure as new devices are being launched by the competition. The Palm Pre, Android and iPhone updates are going to force RIM to feel some competitive heat, but in general, investors aren’t worried.

“We expect RIM shares to face trickier waters over the next few weeks,” Citi Investment Research analyst Jim Suva wrote in a note to clients this week.

He advised clients to remain buyers of the stock with a $100 target price.

“Near-term events aside, we think RIM is on right side of changing handset industry dynamics,” he wrote.

RIM shares were 1.3 percent higher at $83.21 on Nasdaq. In Toronto, they inched 20 Canadian cents higher to C$89.76.

[Via]

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Balsillie and Lazaridis charitable donations protected by ASDPs

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Both Jim Balsillie and Mike Lazaridis are incredible philanthropists. Their contributions to the social sciences, sciences and academia have really helped advance our understanding of this world. These philanthropic ventures require an incredible amount of cash and equity on a regular basis in order for these ventures to succeed as planned.

Recently, RIM’s executives Jim and Mike adopted what are called Automatic Securities Disposition Plans or ASDPs. ASDPs are plans that will allow Jim Balsillie and Mike Lazaridis to sell shares of RIM at a predetermined interval, regardless of whether or not they are under a “blackout” period. A “blackout” period, would include such times as when quarterly financial reports are released. Normally, an executive would be barred from selling shares during a financial report release, due to concerns over insider trading and how their selling of shares would affect the market.

WIth the ASDPs in place, charitable foundations will be able to rely on the vast amount of funds being sent their way from RIM’s top executives. One example of this includes Jim Balsillie’s weekly share donations of up to C$100 million over 24 months to a charity he founded. Balsillie will also donate another C$57 million of shares to the Center for International Governance Innovation (CIGI), an Ontario-based think tank. Co-CEO Mike Lazaridis is matching Jim Balsillie’s contributions with about C$190 million over 22 months to his charitable foundation.

To learn more about ASDPs and how they affect trading regulations, see Gowlings.

Click through to read the official press release regarding the adoption of new ASDPs

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Viigo Beta 8 ready for download - win a free BlackBerry

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Viigo’s Beta 8 is primed and raring to hit your BlackBerry. Download the new version and access exciting new features including the ability to tweet articles with a single click, find movies playing in your city, a new Shopping service, and the capability to build and track your own portfolios in Stocks and Finance.

Viigo has made several enhancements in Tango 8
• Post interesting articles to Twitter with a single click
• Find movies that are playing in your city, or see what’s playing at a theatre near you.
• Use Quick Launch buttons to email an article to a friend or to yourself, Tweet an article of interest, Post To Del.ic.ious, view a full Article or open in a browser
• Access real time flight status in your Flights and Travel itinerary

New features in Stocks & Finance:
• Create your own portfolios that include the stocks or mutual funds of your choosing
• Each portfolio lists the ticker name, the price, the change and the percentage change
• Access depth details on trades including the volume of shares traded, the current bid/ask, time of last trade, market cap and much more

A Preview of Viigo Shopping:
• Viigo has partnered with Mobihand and Magmic (the Bplay store) to bring you the ability to purchase the latest mobile software, software accessories, games, themes and more
• Details on the product are available in just one click without ever leaving Viigo
• More partners and more stores will be unveiled shortly

Here is the download link again.

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Free BlackBerry stock watch solution iStockManager

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iStockManager gives you access to your TD AMERITRADE account and is available for the 8900, Storm, Bold, 8300 Curve and 88000 series. With this app, you can access your account and check the market as well as place trades (equity & options trading). You can also access streaming data, real time balances and positions, news and more.

Download the latest version for free here.

Let me know what you think!

[Via]

[Ed Note: Thanks for the link correction!]

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RIM to release Q3 2009 financial statement today - what do you expect?

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As we’ve stated many times recently on BlackBerry Cool, today is easily RIM’s biggest day of the year. At the sound of the bell, RIM will release their Q3 2009 financial report, which will be the final word on how far RIM slipped in 2008, and what the future holds in the year to come. Here’s what CNBC’s Jim Goldman is looking for today:

That’s what we know. What we don’t know is how RIM will guide the Street. The company has a history of being conservative, like Apple, so the question now is just how moderate the company will be. RBC Dominion’s Mike Abramsky is expecting the company to guide to 2.6 million to 2.8 million new subs and 7.1 million to 7.4 million units shipped with an average selling price of $328. The Street is looking for 87 cents for the company’s fourth fiscal quarter earnings per share on $3 billion in revenue. RBC is looking for a little less, probably around 80 cents to 83 cents a share on $2.9 billion to $3 billion in revenue.

Post a comment and let us know what you’re expecting to see from RIM today. Of course, we’ll have all the info up as soon as it’s available, and we’re liveblogging the hell out of RIM’s 5pm conference call.

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e-Mobile Today v. 2.0 and e-Mobile Today Professional Edition v. 2 for BlackBerry Reviewed!

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e-Mobile Today

I’ve been searching for an app that gives you the functionality of the Windows Mobile “today” screen, something that essentially briefs me on all of my appointments, missed calls, emails and text messages in one convenient place. Enter e-Mobile Today by E-Mobile Software, Inc.. This is one sharp looking app that’s packed with features. It allows you to do everything described above, without really requiring you to leave the application to remain up-to-date on things. If you find that the regular version is lacking, you can always go with e-Mobile Today Professional Edition which allows you to everything the regular version does, and more. In addition to offering more visual customization options, the professional edition offers all of the convenient launch points to multiple tasks - replying to e-mails and SMSs, calling people directly from the missed call log, creating new appointments, etc. - that you wouldn’t find in the standard version. You can even add a few expansion packs (weather, stocks, and news) to make your home screen more complete!

e-Mobile Today v. 2.0 and e-Mobile Today Professional Edition v. 2 for BlackBerry Review Quick Links

E-MOBILE TODAY KEY DETAILS
E-MOBILE TODAY PROFESSIONAL ED. KEY DETAILS
INSTALLATION AND SETUP
KEY FEATURES
PROs/CONs
FINAL CONCLUSION
IMAGE GALLERY

Continue reading ‘e-Mobile Today v. 2.0 and e-Mobile Today Professional Edition v. 2 for BlackBerry Reviewed!’

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Jim Balsillie: market environment ‘Intense’, Bold selling ‘Really Well’

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RIM Co-CEO Jim BalsillieSpeaking at an investor conference earlier today, RIM co-CEO Jim Balsillie said the current market environment is rife with challenges that require careful planning.

“This is a more intense time than I’ve ever known — more variables, more need to navigate, more hands on the wheel, eyes on the road right now,” he said. “If you don’t, you do it at your peril.”

Based on the news we posted a few days ago, investors can’t agree on whether RIM is in a prime position for growth or ‘chasing Apple’. However, most agree that the current economic downturn will have a negative effect on sales.

UBS Investment Research analyst Jeffrey Fan cut his RIM revenue and earnings estimates today to reflect lower sales during the slowdown.

Continue reading ‘Jim Balsillie: market environment ‘Intense’, Bold selling ‘Really Well’’

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Two very different takes on RIM’s stock

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It’s not uncommon to find two opposing financial analysts on RIM’s stock in even the best of times, so it should come as no surprise that during the current global economic crisis we can’t get two analysts to agree on anything.

First we have Apple shareholder Howard Lindzon of Knight’s Bridge Capital, who is not so much down on RIM as he is long on Apple. However, he does state that RIM is “chasing Apple”, and should not cannibalize their sales with the BlackBerry Bold and Storm, but rather focus on improving the BlackBerry Curve. Hmmm. (via Yahoo!)

Continue reading ‘Two very different takes on RIM’s stock’

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