The BlackBerry maker blows past Wall Street's expectations and sees its shares rise in late trades.
Shares of Research In Motion (RIMM) soared in late trades Thursday after the BlackBerry maker posted a much narrower than expected quarterly loss as it grew its subscriber base and increased its cash balance.
The Canadian-based company reported an adjusted loss of $142 million, or 27 cents a share, for its fiscal second quarter ended in August on revenue of $2.87 billion. The performance was well ahead of the average estimate of analysts polled by Thomson Reuters for a loss of 46 cents a share in quarter on revenue of $2.50 billion.
Hewlett-Packard seems to be walking away from 3D printing just as it gets ready to explode.
I would love to believe Hewlett-Packard (HPQ) can become great again. It's a great brand that stands for engineering excellence, white shirts and pocket protectors.
But that HP disappeared when Agilent (A) was spun out in 1999. What was left was a consumer products giant, a rumbling, bumbling, stumbling company trading on its name, growing in size but losing its reason for being.
Research firm IHS has broken down how much Apple collects per iPhone 5. The results are impressive.
If you've ever wanted to know how much money Apple (AAPL) is making on each iPhone you buy, here's your chance.
The iPhone is the most profitable, and ultimately the most popular, product in Apple's portfolio, based on revenue and sales. Even with a sales shortfall, Apple still sold an impressive 26 million iPhones in the third quarter. Research firm IHS has come up with the cost of manufacturing the iPhone 5, and, unsurprisingly, Apple's estimated margins are astounding.
RIM is close to becoming what is known as a 'net/net,' a stock that trades for less than its net current asset value. But it's still not clear whether it's a bargain or a value trap.
Research In Motion (RIMM) is dangerously close to a distinction that few companies achieve.
It's also one that no company would ever desire.
The company that brought us the BlackBerry, a word that is very unpopular in our house because of my propensity to use the device at all hours, is trading very close to its net current asset value.
Global demand and globalization have helped America's tech sector, not hurt it.
By Enrico Moretti, The Financialist
Over the past three months, Facebook (FB), Zynga (ZNGA) and Groupon (GRPN) have lost between 33% and 52% of their market value. They are not alone. Other social networking, online marketing, clean-tech and bio-tech companies have fallen out of favor with some investors, fueling speculation regarding the future of the U.S. technology sector. A growing number of skeptics are openly talking of a "high tech bubble." Is the entire sector destined to a sudden and quick demise, similar to the dot-com bust of 2001, with widespread stock market collapses and mass layoffs?
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[BRIEFING.COM] The drive for five continued today and it was a success. For the fifth straight session, the S&P 500 ended lower. Like the previous four sessions, though, the losses were fairly modest in scope. The S&P 500 declined 0.4%, bringing its total loss for the five sessions to 22 points or 1.2%. All in all, that still qualifies as a pretty tame slide considering the S&P 500 had risen 150 points, or 9.1%, over the previous eight weeks.
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