RIMM Target Lowered 25%

This article was placed on behalf of the U.S. based equity research effort of institutional broker and investment bank Canaccord Genuity. It was part of a series of articles developed under an agreement with forbes.com to work with a variety of contributors and assist them in delivering actionable investment ideas each week. The site, forbes.com is one of the top 500 sites in the world with nearly 10 million subscribers and approximately 100 million page views a month.

Following Research in Motion’s (RIMM) launch of the BlackBerry Bold 9790 and BlackBerry Curve 9380 (set to hit stores just before the holiday season), Canaccord Genuity technology analyst Michael Walkley lowered his price target to $21 from $28, noting slowing sellthrough trends for the new BlackBerry 7 smartphones the past couple weeks. Mr. Walkley said:

“. . .with the launch of the iPhone 4S, increasingly price competitive Android smartphones, improving Windows smartphones, and the launch of the Amazon [AMZN] Kindle Fire tablet, we anticipate increasing competition across all tiers of RIM’s products in C2012.”

He added, “Since RIM recently delayed its QNX-based PlayBook OS 2.0 [for Blackberry tablets] new release citing BES [Blackberry Enterprise Server] software integration difficulties, we believe this suggests increasing execution risk to launching new BBX smartphones in the near-term. In fact, we expect BBX BlackBerry devices shipping around mid-C2012. As a result, we anticipate slowing high-end BlackBerry sales at both the enterprise and consumer channels over the next several quarters.”

Amazon Summits A Dow That No Longer Exists

The addition of Amazon to the Dow with Walgreen’s unceremonious deletion, and the Dow’s current composition tells it like it

Financial Institutions Feeling the Crunch in Countdown to CECL Implementation

I was retained by Big Four accounting and consulting firm KPMG to assist them in their thought leadership efforts centered on changing accounting regulations. In this case, the Financial Accounting Standards Board or FASB had instituted new rules on the measurement of current and expected credit losses, i.e. CECL, that would require massive reorganization of financial reporting for the largest financial services organizations in the world. This thought leadership piece concerned the results of a survey among C-suite executives about their state of preparedness in the final countdown to the CECL implementation.

Securitizing Structured Settlement Payment Streams: A Primer

Fall 2012. This article was written with Stefano Sola and Phil Donahue, executives at JGWPT Holdings. We were engaged by JGWPT to assist them
in publishing the article below for The Journal Of Structured Finance.

Is The Media Biased?

This story is from our February 2024 update newsletter that offers communications insights, and hopefully, some amusing diversion.

David R. Evanson, LLC David R. Evanson, LLC