Ehud Gelblum News
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BlackBerry’s six-month stock rally, fueled by speculation that a new smartphone lineup can turn its fortunes around, has created the largest gap between investor optimism and analyst skepticism of any major company in Canada.
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BlackBerry’s new Z10 smartphone goes on sale in the U.S. today, almost two months after its debut in other countries, putting the company’s turnaround plan to the test in its largest market.
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BlackBerry’s new Z10 smartphone goes on sale in the U.S. today, almost two months after its debut in other countries, putting the company’s turnaround plan to the test in its largest market.
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BlackBerry rose 6.5 percent after Morgan Stanley analyst Ehud Gelblum raised his rating on the stock to the equivalent of buy, saying the new BlackBerry 10 smartphone lineup will boost profit margins.
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U.S. stocks rose, snapping a three- day decline in the Standard & Poor’s 500 Index, as the Federal Reserve will keep up its bond buying to stimulate the economy and euro-area leaders weighed options for Cyprus.
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Research In Motion Ltd., the struggling maker of the BlackBerry smartphone, fell the most since May after Morgan Stanley downgraded the stock, citing “rapidly deteriorating fundamentals.”
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Aruba Networks Inc., a maker of computer-networking gear, rose to the highest price in more than four months in intraday trading after Morgan Stanley upgraded its rating and recommended buying the shares.
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BlackBerry shares tumbled 12 percent after the company’s long-awaited BlackBerry 10 debut, signaling that investors are skeptical the new models can win back customers from Apple Inc. and Google Inc.’s Android.
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Research In Motion Ltd. is counting on its relationships with 150 carriers to avoid the fate of another smartphone pioneer that fell on hard times -- Palm Inc.
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Research In Motion Ltd. fell after replacing co-Chief Executive Officers Jim Balsillie and Mike Lazaridis with an insider who said he sees no need for radical change as the company struggles to compete with Apple Inc.
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