Editor’s Note: Related tickers: Research In Motion Ltd (NASDAQ:BBRY),
Dubai chosen for global launch of new BlackBerry Q5 (ArabianBusiness)
BlackBerry maker Research In Motion Ltd (NASDAQ:BBRY) on Wednesday said its new Q5 smartphone model will be launched in Dubai ahead of going on sale globally. The launch of the Q5 will take place at the opening of the first BlackBerry Retail Concept Store, which will open on Thursday at 5pm local time and is part of Canada-based Research In Motion Ltd (NASDAQ:BBRY)’s plans to offset falling US sales. A limited number of the Q5 smartphones will be exclusively available for early sale at the store, Research In Motion Ltd (NASDAQ:BBRY) said in a statement. “Customers will also have the opportunity to pre-order the smartphone at the store, which will be widely available next month from authorised carriers and retailers in the UAE and across the Middle East,” it said.
RIM shares jump as RBC boosts outlook on BlackBerry 10 (TheGlobeAndMail)
RBC Dominion Securities has significantly boosted its outlook for Research In Motion Ltd (NASDAQ:BBRY)’s bottom line, predicting a profit this fiscal year instead of a loss thanks to stronger-than-expected shipments of its new BlackBerry 10 devices. It also thinks a short-covering rally may be looming – but warns the long-term outlook for the company remains cloudy. The fresh views from RBC helped the stock to chalk up some further gains today, closing up 54 cents, or 3.7 per cent, at $14.84 on the Nasdaq. RBC analysts Mark Sue and Paul Treiber raised their BlackBerry 10 shipment forecasts to 3.5 million units for the fiscal first quarter, which started March 3, from their previous forecast of 2.75 million. For the current second quarter, they predict 4 million units will be shipped, up from 3 million.
First MidEast BlackBerry flagship store set to open (ArabianBusiness)
Research In Motion Ltd (NASDAQ:BBRY), the maker of the BlackBerry smartphone, will open its first flagship retail store in the Middle East on Thursday. The Research In Motion Ltd (NASDAQ:BBRY) Retail Concept Store, which will have a grand opening at 5pm local time, is part of Canada-based Research In Motion Ltd (NASDAQ:BBRY)’s plans to offset falling US sales. The store will feature the first one-hour repair or replace service in the Middle East, Research In Motion Ltd (NASDAQ:BBRY) said in a statement. Last year, a senior Research In Motion Ltd (NASDAQ:BBRY) executive said stores with local partner Axiom Telecom are planned across the region.
The return of the BlackBerry believers (CNN)
Has any company in the technology sector seen higher highs and lower lows in the past decade than BlackBerry? If you remember, Research In Motion Ltd (NASDAQ:BBRY)—which earlier this year changed its name from the clunkier if more poetic name of Research-in-Motion—once ascended to great heights. Ten years ago, it traded at a modest $15 a share. Then its reputation for making top-of-the-line phones with secure, reliable messaging—along with an early lead in the budding smartphones—pushed its stock up, up, up. So far up that, five years ago, the company’s shares were trading around $145 a share, a tenfold increase in only five years.
No ‘back door pipeline’ for monitoring: BlackBerry SA (TimesLive)
“While we cannot comment on media reports regarding alleged government surveillance of telecommunications traffic, we remain confident in the superiority of Research In Motion Ltd (NASDAQ:BBRY)’s mobile security platform for customers…,” it said in a statement. “Our public statements and principles have long underscored that there is no ‘back door’ pipeline to that platform. Our customers can rest assured that Research In Motion Ltd (NASDAQ:BBRY) mobile security remains the best available solution to protect their mobile communications.” On Monday, international relations department spokesman Clayson Monyela said government had noted with concern the reports published by the UK Guardian.
RIM Plays Defense as Snowden Leaks Touch BlackBerry (WSJ)
The turmoil surrounding leaks from former National Security Agency contractor Edward Snowden engulfed Research In Motion Ltd (NASDAQ:BBRY) +3.64% Monday, after Britain’s Guardian newspaper reported British intelligence services spied on foreign politicians and intercepted phone calls and emails from their BlackBerrys at two political summits in 2009. “We remain 100 percent confident in the superiority of Research In Motion Ltd (NASDAQ:BBRY) mobile security,” the company said after the report. Research In Motion Ltd (NASDAQ:BBRY) has managed to stay out of the news cycle involving leaks from Mr. Snowden about an alleged, wide-ranging effort by the U.S. and Britain to collect data on calls and Internet exchanges.
Research In Motion Ltd (BBRY) Traders Bet On a Bullish End to the Week (SchaeffersResearch)
Research In Motion Ltd (NASDAQ:BBRY) has jumped 4.1% today, bringing its year-to-date advance to an impressive 25.3%. As a result, calls are flying off the shelves, trading at more than two times the average intraday call volume and almost four times the number of puts exchanged. Like Friday’s speculators, today’s traders are eyeing the June 15 call to bet on extended gains through week’s end. The majority of the 28,650 contracts traded have done so at the ask price, implied volatility has jumped 5.7 percentage points, and data from the International Securities Exchange (ISE) verifies the initiation of new bullish positions.