This Day On The Street
Continue to site
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

BlackBerry Gains as Z10 Goes On Sale

NEW YORK ( TheStreet) - BlackBerry's (BBRY - Get Report) new Z10 smartphone goes on sale in the United States today, a big test for the company formerly known as Research in Motion.

BlackBerry was rising in early morning trading to $16.67, poised for a five-day advance of 11%.

The Z10 is the first of two completely new redesigns coming from the Waterloo, Ontario-based technology company. BlackBerry introduced the phone two months ago in a gala NYC presentation and has received plenty of praise fron consumer outside the U.S. As of this morning, AT&T (T - Get Report) becomes the first U.S. carrier to begin selling BlackBerry's revamped touchscreen design. Verizon (VZ - Get Report) and T-Mobile will follow shortly though Sprint (S) has yet to announce its Z10 plans.

We have been using our test sample for nearly two months now and appreciate what the new phone can do. Even though the new BlackBerry operating system (OS 10) can be cumbersome at first, all the gestures become second nature once you get the hang of it.

The Z10 will be one of the first handsets that T-Mobile is expected to use with their 'super-fast' LTE 4G data network. That may occur as soon as next week.

According to preliminary numbers from the company, Z10 sales have been very promising in Great Britain and the company's home Canadian market. BlackBerry, of course, is hoping for similar result in the U.S., their largest market.

Earlier this week, analysts at Morgan Stanley (MS - Get Report) gave BlackBerry stock a big boost by raising its rating to buy from sell on the possibility that the new device should help the company compete with Apple (AAPL - Get Report) and Samsung.

A second new model, the upcoming Q10, with BlackBerry's legendary QWERTY keyboard, is due as early as next month.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to:
Gary Krakow is TheStreet's senior technology correspondent.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
BBRY $7.06 0.00%
MS $27.06 0.00%
S $3.43 0.00%
T $38.82 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs