This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Research In Motion, Infosys: Winners & Losers

NEW YORK ( TheStreet) - Research in Motion (RIMM) shares were up 5.6% to $16.48 after rumors swirled that the Canadian technology company had hired Goldman Sachs (GS) to help it explore "strategic alternatives."

Plagued by product delays, software problems, and customers not wanting their products, Research in Motion has struggled over the past year. As a result, the company has lost almost 75% of its market cap, as companies like Apple (AAPL) and Google's (GOOG) Android dominate the smartphone and tablet markets.

Sina (SINA - Get Report) shares were up 5.2% to $60.47 after it received an upgrade from brokerage house J.P. Morgan.

J.P. Morgan upgraded shares to overweight from neutral, saying the regulatory concerns over its Twitter clone, Weibo, were overdone. "We maintain our view that Sina should continue to be the leading portal in China," analyst Dick Wei wrote in his research note.

Infosys (INFY - Get Report) shares were plunging 8.7% to $51.92 after the Indian information technology company reported third quarter earnings and gave guidance for the fourth quarter that was lower than Wall Street was expecting.

Infosys, the Accenture (ACN) of India, reported earnings of 80 cents per share, versus estimates of 80 cents per share. The company expects to earn 81 cents per share in the fourth quarter, below the 83 cents per share estimate from Thomson Reuters.

"The global economy, driven by slower growth in developed markets coupled with the European crisis, could impact the growth of the IT industry," CEO S.D Shibulal said in the press release.

Interested in more on Infosys? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends.

-- Written by Chris Ciaccia in New York

>To follow the writer on Twitter, go to http://twitter.com/commodity_bull.

>To submit a news tip, send an email to: tips@thestreet.com

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
INFY $35.50 0.00%
SINA $32.45 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs