Balsillie joins federal technology group (GlobalNews)
One of the former heads of BlackBerry-maker Research In Motion Ltd (NASDAQ:BBRY) has been appointed to lead a federal agency dedicated to the growth of clean technology companies in Canada. Jim Balsillie will become chair of Sustainable Development Technology Canada under a five-year agreement with the federal agency, Natural Resources Minister Joe Oliver announced on Tuesday. The move follows Balsillie’s exit from the Waterloo, Ont.-based smartphone maker in March 2012. In his new role, Balsillie will take over the responsibilities of outgoing chair Juergen Puetter, the president of Aeolis Wind Power, and support projects that develop new technologies that promote sustainable development.
Apple and BlackBerry continue to play cruel tricks on hedge funds (BGR)
One of the most popular trading ideas among tech funds is to short Research In Motion Ltd (NASDAQ:BBRY) — more than 30% of its stock was sold short recently. And another very popular idea has been going long Apple Inc. (NASDAQ:AAPL), of course. As we all know, those two trading strategies went tragically awry last winter, when Apple Inc. (NASDAQ:AAPL)’s share price plummeted from $700 to $400 and Research In Motion Ltd (NASDAQ:BBRY)’s stock spiked from $6 to $18. This helped demolish the performances of many of the best known tech funds on Wall Street in the fourth quarter last year and the first quarter in 2013. But that’s not the interesting part. The interesting part is that the weird winter trends seemed to have reversed in the spring and many funds flocked back to shorting Research In Motion Ltd (NASDAQ:BBRY) shares and going long Apple Inc. (NASDAQ:AAPL)…. only to see a counter-reversal taking place.
BlackBerry’s “Hold” Rating Reaffirmed at TD Securities (BBRY) (DailyPolitical)
TD Securities reaffirmed their hold rating on shares of Research In Motion Ltd (NASDAQ:BBRY) in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has a $17.00 price target on the stock. A number of other analysts have also recently weighed in on BBRY. Analysts at UBS AG cut their price target on shares of BlackBerry to $13.00 in a research note to investors on Monday. They now have a sell rating on the stock. Separately, analysts at Goldman Sachs Group, Inc. (NYSE:GS) reiterated a neutral rating on shares of Research In Motion Ltd (NASDAQ:BBRY) in a research note to investors on Monday. They now have a $17.00 price target on the stock.
BlackBerry Says It Can ‘Secure’ iOS and Android in the Enterprise (MobileMarketingWatch)
Research In Motion Ltd (NASDAQ:BBRY) is bragging about the availability of a new security solution that separates work and personal apps and data on iOS and Android devices. Meet “Secure Work Space for iOS and Android,” which is a new option with BlackBerry Enterprise Service 10 that offers customers with a BYOD policy a solution with “the best combination of security, user experience and total cost of ownership.” Based on sources quoted in the official launch announcement from Research In Motion Ltd (NASDAQ:BBRY), it looks like plenty of companies are eager to give the solution a go. All told, there’s a big market out there for Research In Motion Ltd (NASDAQ:BBRY) to conquer. According to Forrester Research, Inc., in 2016, 350 million employees will use smartphones and 200 million will bring their own devices to the workplace