John S. Chen has signed a five-year contract to be chief executive of BlackBerry Ltd (NASDAQ:BBRY), and has a plan that runs just about that length of time. It could always change, but it goes like this: Focus on core industrial businesses. Make money from selling server software more than devices. Re-emerge as a new kind of consumer brand, hopefully when the term “phone” doesn’t mean much anymore. BlackBerry Ltd (NASDAQ:BBRY) stock opened at $10.15 in last trading session, and closed at $9.91, trading in the range of $9.90 – $10.18. The stock showed a negative weekly performance of -0.90%.
TheStreet Ratings rates TIM Participacoes SA (ADR) (NYSE:TSU) as a buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. TIM Participacoes SA (ADR) (NYSE:TSU) shares closed at $24.66 on last trade day, by losing -0.56%. Stock 52 week range is $16.85 – $29.12. Company’s market capitalization is $11.92 billion.
SAC Capital Advisors revealed it has a 5.4% stake in Gogo Inc (NASDAQ:GOGO), an inflight Wi-Fi service provider, according to a regulatory filing. The firm, founded by billionaire Steve Cohen, plead guilty to insider trading charges last year and has to reveal any stake greater than 5% to regulators. Gogo Inc (NASDAQ:GOGO) stock advanced 2.10% and finished the last session at $24.80. The EPS of the stock remained -7.26. Company’s market capitalization is $2.09 billion.
Mandalay Digital Group Inc (NASDAQ:MNDL) and its subsidiaries, announced the closing of its previously announced underwritten public offering of common stock. The Company received net proceeds of approximately $18.6 million after deducting underwriting discounts and commissions and offering expenses. Mandalay Digital Group Inc (NASDAQ:MNDL) stock opened at $4.22 in last trading session and closed at $4.24. The 52 week range of the stock is $2.28 – $6.00 and the day range was $4.05 – $4.29.
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