Engadget

RIM shares hit a five-year low: oh, how the mighty have fallen

Michael Gorman — Fri, 17 Jun 2011 21:21:00 EST

There was a time when RIM owned the smartphone space with its revolutionary push email-equipped BlackBerrys. And there are still plenty of folks who can't live without a good physical keyboard and BBM. But, despite the company's $4.9 billion in revenue and $695 million in profits from Q1 2011, RIM's stock has tumbled to its lowest price in five years. What's changed since those heady days when it seemed like there was a Pearl in every pocket? As many of you know, Androids and iPhones have carved out a big chunk of the smartphone market, largely at RIM's expense. Sure, Blackberry 7 OS is coming and the PlayBook is rolling out to help the company gain ground on Android and iOS, but only time will tell if these latest efforts from Waterloo can stem the rising tide of iPhones and little green bots.

RIM shares hit a five-year low: oh, how the mighty have fallen originally appeared on Engadget on Fri, 17 Jun 2011 21:21:00 EST. Please see our terms for use of feeds.

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HTC's market capitalization reaches $33.8b, overshadows Nokia and RIM

Vlad Savov — Thu, 07 Apr 2011 02:41:00 EST

Nokia once said that going with Android was like "peeing in your pants" for temporary warmth. Well, even if that warmth doesn't last forever, it has now helped one of its upstart competitors, HTC, to rise beyond Nokia in terms of market valuation. This is a somewhat beguiling metric to compare companies by -- market cap measures the value of a company's shares available on the market, and not every company has the same proportion of its overall value available in stocks -- but it illustrates well the diametrically opposite directions in which the two mobile phone makers are moving. Bloomberg informs us that HTC's stock has risen by 33 percent this year, while Nokia's has shrunk by 19 percent. Surpassing Nokia now means HTC is the world's third most valuable smartphone maker. Of course, neither Nokia nor RIM is sitting idly by and letting the Taiwanese whippersnapper have things its own way, however both companies' roadmaps for re-conquering the smartphone high-end seem to stretch far off into the 2012 distance. As for HTC, we expect it to launch another Sensation of a device on Tuesday.

HTC's market capitalization reaches $33.8b, overshadows Nokia and RIM originally appeared on Engadget on Thu, 07 Apr 2011 02:41:00 EST. Please see our terms for use of feeds.

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Nokia grows profits and smartphone share in Q4

Thomas Ricker — Thu, 28 Jan 2010 07:00:00 EST

Pretty good news for Nokia today as it announces its Q4 results. Net income jumped 65% to €948 million (on €12 billion in sales) or 26 eurocents per share, from €576 million euros, or 15 eurocents a share, earned in Q4 2008. That handily beat the consensus forecast of 19 eurocents per share. Importantly, Nokia grew its smartphone (or "converged devices" in Nokia parlance) marketshare to a healthy 40%, up from 35% just last quarter. Looking forward, Nokia cautioned that it expects its adjusted operating margin in Devices & Services in Q1 2010 will be at the low end of its 12% to 14% target. At the time of this posting, Nokia stock has jumped about 9% in recognition of these good times.

Nokia grows profits and smartphone share in Q4 originally appeared on Engadget on Thu, 28 Jan 2010 07:00:00 EST. Please see our terms for use of feeds.

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Virgin Mobile USA falls into non-compliance on NYSE, plans to get back on track

Darren Murph — Thu, 20 Nov 2008 13:18:00 EST

Virgin Mobile USA was one of the few outfits out there who managed to post a Q3 net profit, but even that couldn't help it avoid the unfortunate delivery of a non-compliance letter from the New York Stock Exchange. Just a few days before it slashed ten percent of its workforce, the company was notified by the NYSE that it was "not in compliance with certain listing criteria." More specifically, it's considered "below the applicable standards because the average market capitalization of its Class A common stock and substantial equivalents, over a period of 30 trading days, is less than $100 million." Now, it has 45 days to respond with a business plan that demonstrates its ability to get back into compliance within 18 months. Virgin Mobile USA has already texted (at least that's what we heard) the bigwigs on Wall Street with a confirmation that it would be working to get back on track, but even the best intentions fall through sometimes. Godspeed, VM.

[Via mocoNews]

Filed under: Virgin Mobile, MVNOs, Misc

Virgin Mobile USA falls into non-compliance on NYSE, plans to get back on track originally appeared on Engadget on Thu, 20 Nov 2008 13:18:00 EST. Please see our terms for use of feeds.

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Discovery Communications gives you a say by going public

Darren Murph — Fri, 19 Sep 2008 12:54:00 EST

Looking to chime in on what kind of programming gets placed on any of Discovery Communications' many networks? No, we mean are you really looking to make an impact? If so, you can put your money where your mouth is now that the firm is listed on the NASDAQ. Yeah, it chose an odd and arguably terrible time in our history to go public, but it also ushered in a new corporate logo and website to fall more in line with that new Discovery HD logo that was unveiled this summer. It's hard to say if going public will have any immediate (and more importantly, visible) impact on programming, but if you're interested in getting involved, all the ticker details and whatnot are listed in the read link.

Filed under: Discovery-HD

Discovery Communications gives you a say by going public originally appeared on Engadget on Fri, 19 Sep 2008 12:54:00 EST. Please see our terms for use of feeds.

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Inventec Appliances execs fail to disclose iPod order cuts, could face prison

Darren Murph — Sat, 18 Aug 2007 15:36:00 EST

Earlier this year, Inventec Appliances (spun off from Inventec Electronics) was raided as prosecutors began looking for evidence to support charges of alleged insider trading, and now it looks like nine of the firm's employees could be headed to the slammer. Taiwan's Banciao District Prosecutors Office "alleged that nine executives and one lower level employee failed to publicly reveal a steep drop in iPod orders until after they had sold off nearly $22.4 million worth of stock," and although the employees knew of the order cuts as early as January 19th, nothing was publicly revealed until mid-March. Purportedly, prosecutors "are seeking the stiffest penalties against the two top executives," and if the evidence sticks, we have all ideas that Inventec will be huntin' a new Chairman (and President, too) in the not-too-distant future.

[Via TUAW]

Filed under: Portable Audio, Portable Video

Inventec Appliances execs fail to disclose iPod order cuts, could face prison originally appeared on Engadget on Sat, 18 Aug 2007 15:36:00 EST. Please see our terms for use of feeds.

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Ambient Devices' Market Maven watches stocks, tether free

Paul Miller — Thu, 02 Aug 2007 13:55:00 EST

It's been a long wait to see Ambient Devices' promise of "thin data" wireless devices finally come to fruition, but that doesn't mean all the charm has gone from idea. Case in point: this here Market Maven, which Ambient Devices is prepping to launch in September, might not do anything you can't already pull off with your Optimus Mini Three or even a simple desktop widget, but there's an undeniable beauty to the thing all the same. Of course, you might quickly forget how great this guy looks when you realize that all it can do is pull the DJIA, NASDAQ and S&P 500 activity every 15 minutes, tell you if the market is open, and let you know the time. That makes it hard to justify the $125 asking price, but the good news is that after you slap a few AAAs in this guy, it'll do its thing configuration free, with no pesky internet connection or subscriptions to deal with -- data comes courtesy of Ambient Devices' own Infocast Network, which reaches about 90% of US households. Oh well, we're still loving the umbrella.

Continue reading Ambient Devices' Market Maven watches stocks, tether free

Filed under: Misc. Gadgets, Wireless

Ambient Devices' Market Maven watches stocks, tether free originally appeared on Engadget on Thu, 02 Aug 2007 13:55:00 EST. Please see our terms for use of feeds.

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Sprint explores options for WiMAX, ponders Clearwire deal

Darren Murph — Fri, 15 Jun 2007 10:37:00 EST

Looks like Sprint's feverish approach to WiMAX just swallowed a chill pill, as the firm is reportedly "exploring new options for financing its ambitious plan." In a presumed effort to "soothe investor concerns about the cost of the WiMAX plan," the company is actually investigating a partnership or joint venture with Clearwire in order to simultaneously remove a potential competitor and gain access to the critical Clearwire markets in the southeastern US. Of course, Clearwire isn't one to shy away from high stakes partnerships, and the FCC nod for a WiMAX-class laptop card that it garnered just last month could fit in quite well here. Still, Clearwire is refusing to comment just yet on whether this possibility is even feasible, but the mere mention of a spinoff likely means that Sprint isn't feeling all too peachy about future WiMAX profitability. [Warning: Read link requires subscription]

[Via InformationWeek]

Filed under: Cellphones, Wireless

Sprint explores options for WiMAX, ponders Clearwire deal originally appeared on Engadget on Fri, 15 Jun 2007 10:37:00 EST. Please see our terms for use of feeds.

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