Orlando, FL -- (SBWIRE) -- 10/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Nokia Corporation (ADR)(NYSE:NOK), BlackBerry Ltd (NASDAQ:BBRY).
Nokia Corporation (ADR)(NYSE:NOK) shares jumped 0.15% to $6.63. The company is expected to introduce six new devices during its special event dubbed Nokia World in Abu Dhabi on October 22, according to a report from The Verge based on information obtained from an anonymous source familiar with the issue on Sept. 25.
Additionally, the company on Oct. 2 won the preliminary U.S. court order against Taiwan’s HTC Corp (TPE:2498) that raised the possibility of an import ban in HTC’s major overseas market. So HTC has started working with Qualcomm Inc. on ways to alter a component for its flagship smartphone and other new devices.
Are investors worried about the recent updates with NOK? Find out with a free trend analysis HERE
BlackBerry Ltd (NASDAQ:BBRY) shares climbed 0.51% to $7.96. The company on Oct. 2 says the cost of reworking its operations will likely be four times as much as it estimated earlier this year and may turn out to be even be higher than that.According to financial report documents filed with regulators Tuesday evening, the smartphone maker expects to book US$400-million in charges from a variety of factors before the end of May 2014.
Additionally,Canaccord lowered BlackBerry's price target to $7 on Sept. 30 based on sum-of-the parts valuation and the belief the potential sale to Fairfax Financial will be around $7 per share following further due diligence. Shares are Hold rated.
Moreover, the company on Sept. 23 revealed it had entered into an tentative agreement to sell itself to a consortium of investors led by its largest shareholder, Fairfax Financial Holdings Ltd., as part of a deal that would see the once mighty smartphone company taken private. BlackBerry shareholders will receive US$9 in cash per share, valuing the transaction at US$4.7-billion.
Is BBRY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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