Communication Industry on the Watch: (NASDAQ: RIMM), (NASDAQ: FB)
New York, NY -- (ReleaseWire) -- 01/24/2013 --Research In Motion Limited (USA)(NASDAQ:RIMM) released technology that will allow BlackBerry 10 users to run the smartphones on their own networks. CNBC reports that the company continues to face mounting competition from iPhones and Android devices but believes the latest BlackBerry has an edge when it comes to security features.
Citigroup’s Jim Suva has reiterated his Sell rating and the $6 price target on shares of Research In Motion Limited (USA) (RIMM). CEO Thorsten Heins in an interview raised hopes about the BB10 software upgrade on January 30th.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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Facebook Inc. (NASDAQ:FB) is developing a new Messenger app which will allow companies to advertise themselves to over 1 billion Facebook users. Now Facebook is looking to increase earnings in the mobile advertising market as a percentage of the bottom-line from 14% in 3Q12 to 18% this year. Mobile ads grew 300% in the last months of 2012.
Facebook Inc. (FB) has confessed that there is practically not anything it can do to prohibit young addicts setting up profiles and possibly being exposed to explicit content, online bullying and training.
Facebook, Inc. is engaged in building products to create utility for users, developers, and advertisers.
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