This Day On The Street
Continue to site right-arrow
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

BlackBerry Rumors Swirl: Tech Winners & Losers

NEW YORK ( TheStreet) -- BlackBerry (BBRY ) shares rose 4.33% to $9.63 amid rumors that it would go private.

Reuters reported Friday that CEO Thorsten Heins and BlackBerry's board were increasingly amenable taking the company private, which would allow the long-suffering tech giant some room to breathe, and fix the company's issues out of the public eye.

The Reuters report indicated BlackBerry has held discussions with Silver Lake Partners, the private equity firm currently battling to take Dell (DELL) private.

The Canadian company's share price has dropped almost 19% since the start of the year. Its latest smartphone releases, the Z10 and the Q10, have suffered from lackluster reception since being released earlier this year. Valued at $84 billion in 2008, its current market value is just over $5 billion.

Facebook (FB ) shares were down slightly this morning, falling 0.39% to $38.39 after UBS raised its price target on the stock.

UBS's Eric Sheridan reiterated his "buy" rating on the social network's stock and increased the price target to $45 from $36. He cited Facebook's momentum in the advertising industry, writing, "This has been driven by advertiser adoption of new product launches in both the recent past (FBX in Newsfeed & mobile app installs) and in the coming future (video ad products for fall 2013)," Sheridan wrote in the note. Additionally, he argued that although Facebook makes more per user than AOL (AOL), Facebook "is still significantly undermonetized vs. Google, its largest advertising peer."

Facebook released its second-quarter earnings in July, beating analysts' estimates on by five cents and increasing revenue 53% year-to-year.

Shares of Universal Display Corp (OLED ) soared 12.73% to $33.11 following strong second quarter earnings.

The LED supplier's results were well above analysts' estimates, earning 65 cents per share on $49.4 million in revenue, an increase of 65% from the year ago period. Analysts surveyed by Thomson Reuters were expecting 27 cents a share on $37.9 million in revenue. $20 million in revenues came from Samsung due to a licensing agreement between the two companies.

CFO Sidney Rosenblatt said the company was "pleased" with the results, adding that he believed they had reached a "level of sustainable commercial technology adoption that can drive strong top-line growth."

-- Written by Laura Berman in New York

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!
BBRY $9.46 1.72%
FB $83.30 0.35%
OLED $46.78 2.50%
AAPL $123.25 -0.80%
GOOG $548.34 -1.23%


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