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NTSB Drops RIM's Blackberry | US Market Buzz
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NTSB Drops RIM’s Blackberry

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Blackberry is fading, both at unacceptable rate and at inopportune times, which compelled another U.S. government organisation to toss RIM’s beleaguered device.

The U.S. National Transportation Safety Board is dumping BlackBerry for Apple’s iPhone 5. This is the latest amongst the several number of government organisations to drop the mobile phone.

Last week, the agency announced its latest program in a government filing, according to a report by Bloomberg. The agency said that the main reason to drop the mobile was that it was not consistent.

NTSB wrote that BlackBerry mobiles were “failing both at inopportune times and at an unacceptable rate.” The agency with 400 employees needs reliable, stable, and effective communication abilities to implement its key investigative mission and guarantee safety of the employees in remote locations.

NTSB is in charge of instantly investigating plane accidents in addition to transportation disasters. Two international service distractions on BlackBerry network, including the one in September, likely gave interrupt to the NTSB.

Research In Motion Ltd had a tough year when considering the existence of its BlackBerry mobile. Last month, the U.S. Immigration and Customs Enforcement agency also dropped the mobile because it said that the device no longer satisfied the mobile technology requirements of the agency.

One more insult to RIM is the announcement by the U.S. Department of Defense, which said that they will end the agreement with the company and will open bidding to other mobile makers, including Google and Apple.

But still, RIM hopes that it will be capable of serving government agencies.

A company spokesperson sent an email to CNET stating that the government agencies globally have believed the security and reliability of BlackBerry since a decade and they can still continue to perform well.  He said that the company had one million government clients in North America alone, who relied on BlackBerry, and almost 400,000 government clients globally have upgraded their mobiles last year.

RIM has hopes on the forthcoming BlackBerry 10 that will be launched on January 30 to help in uplifting the business. The new BlackBerry 10 will have a full touch-screen feature and an updated operating system. The company also won a government security certification for the new mobile, which makes it to be used in secure government organisations. RIM said that it is planning to continue to provide to government agencies as BlackBerry 10 clients.

The company’s spokesperson told CNET that they are loyal to the mobility requirements of government organisations across the world and will carry on meeting these needs with the new BlackBerry 10.

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Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

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Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

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Technology

Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida

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American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

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Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday

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Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

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