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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  BlackBerry Ltd    BB   CA09228F1036

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Research In Motion Ltd : Stocks Buzz: Research In Motion Ltd, Credit Suisse Group AG, Bank of America Corp

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03/14/2013 | 06:10pm CEST

NEW YORK, March 14, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Research In Motion Ltd, Credit Suisse Group AG, Bank of America Corp

Research In Motion Ltd(NASDAQ:BBRY) has said that one of its established partners had placed an order for 1 million BlackBerry 10 smartphones. The shipments will start immediately.

This is the largest ever single purchase order in the smartphone maker’s history, a big boost for the company that is trying hard to regain its place lost to rivals like Apple, Samsung Electronics and other companies that manufacture devices powered by Google Android operating system.

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BlackBerry had introduced smartphones powered by its BlackBerry 10 operating system earlier this year. Touchscreen-enabled Z10 is already available in over 20 countries, while Q10 which has a physical keyboard is to be launched in April.

The Waterloo, Ontario-based company did not disclose the location of the "established partner" nor did it give a time frame. It did not even mention the name of the device. BlackBerry will announce its fiscal fourth-quarter results on March 28. The stock closed 8.2 percent higher at $15.65 on the Nasdaq.

Meanwhile, Credit Suisse Group AG (ADR)(NYSE:CS) has settled a lawsuit with bond investors in National Century Financial Enterprises, which went bankrupt in 2002.

How Should Investors Trade CS Now? Get Free Trend Analysis Here http://vbtrendreport.com/aw/?code=CS

The settlement wipes off 134 million Swiss francs ($141 million) off its already announced fourth-quarter net profit, slashing it to 263 million francs from 397 million.

"This agreement represents a full and final settlement in respect of this noteholder litigation against Credit Suisse," said Credit Suisse’s official statement. The bank was sued for fraud and conspiracy by the state of Arizona, entities like AllianceBernstein Holding LP, Lloyds TSB Bank

Plc, MetLife Inc, Allianz SE's investment management group Pimco and other investors that had bought National Century bonds from 1998 to 2002.

The bondholders had claimed that Credit Suisse had sold the notes and defended their creditworthiness knowing fully well that National Century was misusing investor funds. They also said that the bank had missed warning signals that National Century co-founder Lance Poulsen was indulging in a $2.9 billion fraud.

BoA Merrill Lynch’S New Australia M&A Head from Nomura Talking about Bank of America Corp(NYSE:BAC), sources have disclosed that the bank has poached the Australian head of mergers and acquisitions, Nomura Holdings, Grant Chamberlain.

The source also said that Chamberlain will join BofA Merrill Lynch as its Australia head of mergers and acquisitions after completing his period of gardening leave. Mr. Chamberlain was managing director at Deutsche Bank where he spent 12 years before joining Nomura.

Is BAC On The Way To Hit New 52-week High? Get Free Report Here http://vbtrendreport.com/aw/?code=BAC

According to Dealogic, Australian companies have made US$1.5 billion worth of outbound acquisitions in this year, a 24% rise from the corresponding period of last year. But inbound acquisitions have dropped 45% to US$8.9 billion.

BofA Merrill Lynch does not figure in Dealogic’s Australia Announced M&A Advisor League Table, while Nomura stands fourth, lagging behind Macquarie Group, Investec Bank and Ernst & Young.

About vb-news.net
vb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.
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© Accesswire 2013
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Financials ($)
Sales 2017 1 547 M
EBIT 2017 11,2 M
Net income 2017 -1 115 M
Finance 2017 688 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,08x
EV / Sales 2018 2,53x
Capitalization 3 914 M
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Average target price 7,98 $
Spread / Average Target 6,8%
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John S. Chen Executive Chairman, President & CEO
Marty J. Beard Chief Operating Officer
Steven M. Capelli Chief Financial Officer
Barbara G. Stymiest Independent Director
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