Saturday, September 29, 2012

RIM shares pop as 2Q not as horrible as feared

NEW YORK (AP) ? Shares of Research in Motion Ltd. popped Friday after the BlackBerry maker's results in its fiscal second quarter weren't quite as awful as investors had feared.

But analysts cautioned that RIM is still struggling in the increasingly competitive mobile market.

The Canadian company posted another large quarterly loss and its BlackBerry smartphone shipments shrunk 30 percent to 7.4 million in the quarter ended Sept. 1.

RIM is losing market share in North America, where Apple's iPhone and phones that run Google's Android software are increasingly dominant. But it has stepped up sales in developing markets and actually increased its subscriber base and cash position.

Its latest loss came to $235 million, or 45 cents per U.S. share. Revenue totaled $2.9 billion. Analysts polled by FactSet expected worse: A loss of 47 cents on revenue of $2.49 billion.

But investors' relief Friday does not imply that all is well for the once-pioneering smartphone maker. Shares, up 64 cents at $7.78 in late morning trading Friday, remain a far cry from the company's heyday. The stock fetched nearly $150 in June 2008.

Yes, RIM boosted its cash balance, but its core operations are still losing money, said Sterne Agee analyst Shaw Wu. And he remains concerned that the company's upcoming BlackBerry 10 platform will not be able to compete well against iPhones and Android phones.

The company said Thursday that the BlackBerry 10 remains on track to be released in the first quarter of 2013. It is banking its future on the much-delayed upgrade, meant to offer the multimedia, Internet browsing and apps that users now demand.

And the better-than-expected quarter was largely the result of promotions and phone upgrade programs, which ultimately reduced the average amount of revenue the company generated from each of its customers, said Jefferies analyst Peter Misek. That doesn't bode well for the future.

"All hope is on BlackBerry 10. We won't know success or failure until next summer," he added.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2012-09-28-US-Research-in-Motion-Mover/id-ad61aed17b234bf3b58e677631336ca4

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Thursday, September 20, 2012

Space shuttle Endeavour has Houston stopover

Space shuttle Endeavour sits atop NASA's Shuttle Carrier Aircraft, or SCA, Wednesday, Sept. 19, 2012, at Ellington Field in Houston. Endeavour is making a final trek across the country to the California Science Center in Los Angeles, where it will be permanently displayed. (AP Photo/David J. Phillip)

Space shuttle Endeavour sits atop NASA's Shuttle Carrier Aircraft, or SCA, Wednesday, Sept. 19, 2012, at Ellington Field in Houston. Endeavour is making a final trek across the country to the California Science Center in Los Angeles, where it will be permanently displayed. (AP Photo/David J. Phillip)

Space shuttle Endeavour, bolted atop a modified jumbo jet, makes its departure from the Kennedy Space Center, Wednesday, Sept. 19, 2012, in Cape Canaveral, Fla. Endeavour will make a stop in Houston before heading to the California Science Center in Los Angeles.(AP Photo/John Raoux)

Space shuttle Endeavour, bolted atop a modified jumbo jet, makes its departure from the Kennedy Space Center, Wednesday, Sept. 19, 2012, in Cape Canaveral, Fla. Endeavour will make a stop in Houston before heading to the California Science Center in Los Angeles.(AP Photo/Terry Renna)

Space shuttle Endeavour atop a modified jumbo jet makes its departure from the Kennedy Space Center, Wednesday, Sept. 19, 2012, in Cape Canaveral, Fla. Endeavour will make a stop in Houston before heading to the California Science Center in Los Angeles. (AP Photo/John Raoux)

Space shuttle Endeavour, bolted atop a modified jumbo jet makes its departure from the Kennedy Space Center, Wednesday, Sept. 19, 2012, in Cape Canaveral, Fla. Endeavour will make a stop in Houston before heading to the California Science Center in Los Angeles. (AP Photo/Terry Renna)

HOUSTON (AP) ? Waving American flags and space shuttle toys, hundreds of people lined the streets and crowded the airport Wednesday as they watched space shuttle Endeavour touch down in Houston on its way to be permanently displayed in California.

But for many, the experience was bittersweet, tinged with an aftertaste of having been cheated of something they believe should rightfully have been theirs.

"I think that it's the worst thing that they can do, rotten all the way," said 84-year-old Mary Weiss, clinging to her walker just before Endeavour, riding piggy back on a jumbo jet, landed after flying low over Gulf Coast towns, New Orleans and then downtown Houston and its airports.

Space City, partly made famous by Tom Hanks when he uttered the line "Houston, we have a problem" in the movie "Apollo 13," has long tied its fortune to a mix of oil and NASA. Astronauts train in the humid, mosquito-ridden city. Many call it home years after they retire. The Johnson Space Center and an adjacent museum hug Galveston Bay.

Yet Houston's bid for a shuttle was rejected after the White House retired the fleet last summer to spend more time and money on reaching destinations such as asteroids and Mars. Instead, Houston got a replica that used to be displayed at the Kennedy Space Center.

"I think it's a pretty rotten deal, basically," said Scott Rush, 54, of Crystal Beach, Texas, wearing a T-shirt proudly proclaiming that he had witnessed Endeavour's final launch. "The one we're getting is a toy. An important toy, but a toy nonetheless."

Back-to-back delays in the ferry flight resulted in one day being cut from the Houston visit. But Wednesday dawned under bright sunshine and cooler-than-normal temperatures, drawing hundreds of excited people, many of whom brought children or grandchildren along.

After landing, the Endeavour rolled slowly in front of the cheering crowd. It circled and preened like a model on the catwalk, giving awed spectators an opportunity to take pictures from a variety of angles.

"I want to go on it," said 3-year-old Joshua Lee as he headed to the landing area with his mother and grandmother.

Joshua's mother, Jacqueline Lee of Houston, viewed the landing as an educational opportunity she had to share with her son.

"It's history in the making and it probably will be the end and I don't know if he'll get to see this again," Lee said. "I wish we were able to rally enough to have it stay here in Texas since we've had a major input in all the history of NASA."

NASA still plays a large role in Houston, and astronaut Clayton Anderson, who lived on the International Space Station from June to November 2007, encouraged people to focus on a new era of space exploration.

"The shuttles are a wonderful legacy, a huge part of Houston, but now it's time to look to the future," said Anderson, who lives in the Houston suburb of League City.

Earlier Wednesday, hundreds gathered in Cape Canaveral, Fla., to bid Endeavour farewell. The shuttle will spend the night in Houston before continuing its journey to Los Angeles International Airport, where it's scheduled to land Friday.

In mid-October, Endeavour will be transported down city streets to the California Science Center.

This is the last flight for a space shuttle. Atlantis will remain at Kennedy for display. Discovery already is at the Smithsonian Institution, parked at a hangar in Virginia since April.

Endeavour ? the replacement for the destroyed Challenger shuttle ? made its debut in 1992 and flew 25 times in space before retiring. It logged 123 million miles in space and circled Earth nearly 4,700 times.

Connie West, 60, of Deerfield, Kan., viewed the landing with friends from Wichita. The group expressed sadness that the shuttle program had ended. They felt the pain of Houstonians who felt cheated, and agreed they should have had a shuttle.

Still, the excitement of seeing one was enough on Wednesday.

"I felt awesome," West said. "I wanted to see it make its last flight and couldn't get there (to Florida), so this is awesome."

___

Marcia Dunn contributed to this report from Cape Canaveral, Fla. Plushnick-Masti can be followed on Twitter at https://twitter.com/RamitMastiAP

__

Online:

NASA: http://www.nasa.gov/mission_pages/shuttle/main/index.html

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/b2f0ca3a594644ee9e50a8ec4ce2d6de/Article_2012-09-19-Space%20Shuttle-Last%20Stop/id-bdf0d9d74f5242e19c505c37196e1fe1

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Tuesday, September 18, 2012

Google snaps up Snapseed's photo-editing service

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Source: http://news.yahoo.com/google-snaps-snapseeds-photo-editing-203837541--finance.html

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Newlywed Blake Lively Reports Back To ?Gossip Girl? Set

Newlywed Blake Lively Reports Back To “Gossip Girl” Set

Blake Lively returned to the set of “Gossip Girl” on Monday after secretly tying the knot with hunky actor, Ryan Reynolds. Blake and Ryan married [...]

Newlywed Blake Lively Reports Back To “Gossip Girl” Set Stupid Celebrities Gossip Stupid Celebrities Gossip News

Source: http://stupidcelebrities.net/2012/09/newlywed-blake-lively-reports-back-to-gossip-girl-set/

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