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BlackBerry Ltd (NASDAQ:BBRY)’s shares climbed 1.42% to $9.98. On June , Macquarie analyst Kevin Smithen raised the price target on BlackBerry despite concerns on the company’s lack of emphasis on software.
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Additionally, the company on June 19 reported financial results for the three months ended May 31, 2014. Revenue for the first quarter of fiscal 2015 was $966 million, down $10 million or 1% from $976 million in the previous quarter. GAAP net income for the first quarter was $23 million, or $0.04 earnings per share (“EPS”). The net income includes non-cash income associated with the change in the fair value of the Debentures of $287 million and pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency (“CORE”) program. Excluding these items, adjusted loss for the first quarter was $60 million, or $0.11 per share.
Advanced Micro Devices, Inc. (NYSE:AMD)’s shares gained 0.51% to $3.96. The company on June 25 announce that Electronic Arts (EA) will support Mantle, AMD’s groundbreaking graphics API, in three new games: Battlefield Hardline
, Dragon Age: Inquisition, and Plants vs. Zombies: Garden Warfare. These join an extensive catalogue of more than 40 games that now support AMD’s revolutionary graphics API. All three of these games are powered by DICE’s cutting-edge engine, Frostbite 3.
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BlackBerry Ltd (NASDAQ:BBRY)’s shares dropped 2.77% to $9.84. The company on June 19 reported financial results for the three months ended May 31, 2014. Revenue for the first quarter of fiscal 2015 was $966 million, down $10 million or 1% from $976 million in the previous quarter. GAAP net income for the first quarter was $23 million, or $0.04 earnings per share (“EPS”). The net income includes non-cash income associated with the change in the fair value of the Debentures of $287 million (the “Q1 Fiscal 2015 Debentures Fair Value Adjustment”) and pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency (“CORE”) program. Excluding these items, adjusted loss for the first quarter was $60 million, or $0.11 per share.
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Rite Aid Corporation (NYSE:RAD)’s shares declined 0.71% to $7.03. Rite Aid Corporation and global healthcare leader Heritage Provider Network (HPN), on June 24 announced they have entered into an agreement to bring the Rite Aid Health Alliance program to HPN’s chronic and poly-chronic patients across Southern California.
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Additionally, RAD on June 19 said its fiscal first-quarter profit dropped 55 percent as it dealt with higher-than-expected drug costs and reimbursement rate reductions. Its earnings matched analysts’ expectations, while revenue was slightly above of Wall Street’s view. For the period ended May 31, the company reported net income attributable to common stockholders of $41.4 million, or 4 cents per share. A year earlier it earned $91 million, or 9 cents per share. Analysts expected earnings of 4 cents per share. Revenue climbed 3 percent to $6.47 billion from $6.29 billion.
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Advanced Micro Devices, Inc. (NYSE:AMD)’s shares declined 2.20% to $4.01. The company on June 23 announced that AMD has settled all 8.125% Senior Notes due 2017 (“8.125% Notes”) that were tendered, but not validly withdrawn, at or prior to 12:00 midnight, New York City time, on June 19, 2014 (the “Consent Deadline”) pursuant to its previously announced tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”) with respect to any and all of its outstanding 8.125% Notes. The Tender Offer will expire at 12:00 midnight, New York City time, on July 3, 2014 unless extended or earlier terminated by AMD.
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BlackBerry Ltd (NASDAQ:BBRY)’s shares jumped 3.16% to $10.12. The company on June 19 reported financial results for the three months ended May 31, 2014. Revenue for the first quarter of fiscal 2015 was $966 million, down $10 million or 1% from $976 million in the previous quarter. GAAP net income for the first quarter was $23 million, or $0.04 earnings per share (“EPS”). The net income includes non-cash income associated with the change in the fair value of the Debentures of $287 million (the “Q1 Fiscal 2015 Debentures Fair Value Adjustment”) and pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency (“CORE”) program. Excluding these items, adjusted loss for the first quarter was $60 million, or $0.11 per share.
]]>There Is One Better Stock Than BBRY? Let’s Find Out Here
Advanced Micro Devices, Inc. (NYSE:AMD)’s shares declined 5.96% to $4.10. The company on June 19 announced its goal to deliver a 25x improvement in the energy efficiency of its Accelerated Processing Units (APUs) by 2020.1 Details including innovations that will produce the expected efficiency gains were presented today by AMD’s Chief Technology Officer Mark Papermaster during a keynote at the China International Software and Information Service Fair (CISIS) conference in Dalian, China. The “25X20” target is a substantial increase compared to the prior six years (2008 to 2014), during which time AMD improved the typical use energy efficiency of its products more than 10x.
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International Game Technology (NYSE:IGT)’s shares declined 0.25% to $16.01. GTECH SpA (GTK), the operator of Italy’s state lottery, on June 16 said it’s discussing a purchase of International Game Technology (IGT), the world’s largest maker of slot machines. GTECH is holding “preliminary, exploratory discussions regarding a potential acquisition” of IGT using a combination of shares and cash, according to an Italian Exchange statement.
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Additionally, the company on June 13 announced that its Board of Directors has declared a cash dividend of $0.11 per share on its common stock, a 22% increase compared to the dividend paid in the same quarter last year.
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Additionally, the company on Jan. 13 has hired another of its new chief executive’s former colleagues to head its global sales team as part of its latest efforts to engineer a turnaround. The Canadian company said Eric Johnson will report directly to John Chen, who took over as CEO in early November after BlackBerry scrapped a campaign to sell itself.
Advanced Micro Devices, Inc. (NYSE:AMD) shares jumped 2.03% to $4.26. The company on Jan. 14 said it launched the 2014 AMD A-Series Accelerated Processing Units (APUs), the most advanced and developer friendly performance APUs from AMD to date. The AMD A-Series APUs with AMD Radeon R7 graphics, codenamed “Kaveri”, are designed with industry-changing new features that deliver superior compute and heart-pounding gaming performance.
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Additionally, the company announced that it will webcast its quarterly earnings conference call on Tuesday, January 21, 2014 at 5:30 p.m. EST / 2:30 p.m. PST to discuss the results of its fiscal fourth quarter and year ended December 28, 2013.
Best Buy Co., Inc.(NYSE:BBY) shares increased 2.09% to $24.93. The company on Jan. 16 said that a key sales barometer fell during the holiday shopping season, stung partly by weakness in the U.S. and a retail environment heavy on promotions. The company said comparable store sales dipped 0.8 percent for the nine weeks ended Jan. 4. This was better than the 1.7 percent decline in the prior-year period. Total revenue for the nine-week period slipped 3 percent to $11.45 billion from $11.75 billion. Domestic revenue declined to $9.75 billion from $9.91 billion, while international revenue fell to $1.7 billion from $1.85 billion.
]]>Johnson was with SAP as a senior vice president and used to handle the firm’s global database and technology.
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The current CEO Chen has been a colleague of Johnson in his previous stint and is right involved in trying to revive the fortunes of the ailing smartphone maker that has lost a chunk of the market share to Apple and Samsung. Earlier in December, Chen had appointed a former Sybase executive, Mark Wilson to head the marketing division at BlackBerry whereas John Sims was hired to take care of the enterprise division.
Chen feels that the new leadership team has been working together earlier and may be able to drive home the changes faster.
Earlier, the firm struck an agreement with Foxconn Technology Group for outsourcing production and design of BlackBerry for trimming costs.
There is no doubt that Tesla Motors Inc(NASDAQ:TSLA) CEO Elon Musk has a major stake in the company. But, is the CEO strapped of cash is the big question. In 2008, Musk got paid $200 million buyout of Paypal from eBay‘s as he was one of the co-founders.
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He was not having cash at that time as he was borrowing from friends. The details were disclosed in divorce court filing. Musk has put in all money into SpaceX and Tesla, two very popular start-ups.
Last year, Musk was in tears on recounting tough decisions which led to depletion of his fortune.
It was a big risk investing all the millions but Musk did that. He has already disclosed that he was on the verge of nervous breakdown in 2008.
Both firms have fared well and the billionaire’s money is split between both of them. He owns about 27% of Tesla’s outstanding shares making the value of investment $5 billion.
Since Musk’s net worth is $6.7 billion, only some part of his wealth is invested in SpaceX.
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BlackBerry Ltd (NASDAQ:BBRY) shares jumped 16% to $7.25. The company on Dec. 20 reported a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue. The company reported revenue of $1.2 billion, down 56 per cent in the same quarter last year. Its adjusted loss from continuing operations was $354 million, or 67 cents per share. Analysts polled by FactSet, on average, expect a loss of 43 cents per share on revenue of $1.66 billion.
Additionally, the company on Dec. 18 announced two appointments that strengthen the Company’s strategy, marketing and operations. James S. Mackey was appointed Executive Vice President for Corporate Development and Strategic Planning, joining the Company with years of experience executing highly successful corporate strategies that drive growth.
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Jazz Pharmaceuticals plc – Ordinary Shares(NASDAQ:JAZZ) shares gained 6.11% to $121.73. The company on Dec. 19 plans to buy drug maker Gentium SpA for roughly $1 billion in a cash deal aimed at expanding its rare disease drug portfolio. Jazz will make a tender offer of $57 per share for the Italian company, about a 2 percent premium to Gentium’s closing stock price in the U.S. on Thursday. Gentium develops drugs to treat a variety of rare diseases and conditions, including orphan vascular diseases related to cancer treatments. In October it received European approval for Defitelio, its lead product, which treats obstruction in the small veins of the liver in adults and children undergoing stem cell transplants.
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BlackBerry Ltd (NASDAQ:BBRY) shares dropped 1.45% to $6.10. The company on Dec. 16 announced that PSA Peugeot Citroën will deploy 10,000 BlackBerry® Z10 smartphones for its operations in France and Spain, and is migrating to BlackBerry’s award-winning Enterprise Mobility Management (EMM) solution – BlackBerry® Enterprise Service 10 (BES10).
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Additionally, the company on Dec. 17 said that John Sims will join the company as head of its global enterprise services business, a key segment that is likely to be at the core of the smartphone maker’s turnaround plan. Waterloo, Ontario-based BlackBerry said Sims will join the company in January from software giant SAP AG, where he served as president of SAP’s mobile services business.
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BlackBerry Ltd (NASDAQ:BBRY) shares dropped 1.45% to $6.10. The company on Dec. 16 announced that PSA Peugeot Citroën will deploy 10,000 BlackBerry® Z10 smartphones for its operations in France and Spain, and is migrating to BlackBerry’s award-winning Enterprise Mobility Management (EMM) solution – BlackBerry® Enterprise Service 10 (BES10).
Free Urgent Insider Catalyst Report For BBRY Available Here
Additionally, the company on Dec. 17 said that John Sims will join the company as head of its global enterprise services business, a key segment that is likely to be at the core of the smartphone maker’s turnaround plan. Waterloo, Ontario-based BlackBerry said Sims will join the company in January from software giant SAP AG, where he served as president of SAP’s mobile services business.
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Facebook media partnerships VP Justin Osofsky says SportStream, which helps clients monitor social media activity related to sports topics and events, will improve the ability of media partners to “access and utilize the insights from Facebook’s tools and APIs.”Both Facebook and Twitter are working hard to provide media companies with better tools for monitoring public user activity and reaching out to fans, with the dual goals of improving engagement and grabbing a larger share of ad spend tied to media events.
BlackBerry Ltd(NASDAQ:BBRY) has hired John Sims, formerly the head of SAP’s mobile services ops, to be its enterprise services chief. (PR)Sims is a former colleague of chairman/interim CEO John Chen, who joined SAP via its acquisition of Sybase. His’ hiring comes as several execs depart as part of an apparent housecleaning effort launched by Chen, who has suggested BlackBerry will be an enterprise-focused company going forward.
Though holding up somewhat better than its hardware sales, BlackBerry’s services revenue has been pressured this year by subscriber losses and a decision to offer basic (consumer-oriented) services for little or no cost to BB10 users.
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