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Techquity: Amazon scores, Blackberry squashed

Wednesday, January 30, 2013 - 02:55

Jan 30 - Amazon jumps after strong results while Research in Motion slips as its launches new Blackberry.

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Not a record but close for Amazon. Charter member of our four horsemen of the Internet. Shares climbed to within a few cents of their all time high of 28472. But did not surpass the stock -- 9% after the open. And is now closer to 6%. Analysts raised their price target after its earnings report many going north of 300 bucks won as high as 360. The company recorded a better than expected profit on strong growth from a higher margin businesses. Chief executive jet -- those highlighted the Kindle e-book business calling it a multi billion dollar -- category that grew about 7% in 2012. Another growing business is -- Amazon Web Services or cloud computing division. Which is part of segment accounted for more than two billion dollars revenue in 2012. Yet it's the small part of the company. However it's growth rate is far away the best and nearly 60%. Analysts believe it is also highest margin business of the company and Amazon C a -- it is impacting operating profit. Over one weak spot is Amazon's investment in -- daily deals site living social which hemorrhage money in 2012. Fellow horseman FaceBook will be reporting results after the closing bell today the focus will be on mobile ad revenue. Analysts had been raising their price target ahead of the report expecting good things and the stock has made dramatic moves in the thirty days following Facebook's earnings announcements. -- film news 34% in the thirty days following its first report and rose nearly 26%. In thirty days after a second. If you move that much of today's report it could go as high as 39 dollars and 45 cents or as low twenties before. Shares right now up about 1% in the -- one dollar range. In our best of the rest Research in Motion which finally unveiled its make or break device. The company showing off its Blackberry attended a presentation in new York and Smartphone comes with or with out a physical keyboard now. However Americans won't be able to violent until mid march at the earliest version with according keys won't hit stores in the US until April. CEO says the carriers are still running tests under devices and the company is also changing its name to Blackberry. Shares surged leading up to this week but are down about 6% today. Now it's soaring sputtering look at our movers. First stories Freescale Semiconductor maker of chips for cars and machinery forecast revenue in the current quarter above estimates as -- -- demand increasing shares -- up 15%. -- -- -- The Israeli mobile chip designer forecast weaker than expected revenue and earnings in the current quarter. Higher sells for Smartphones are not offsetting lower chip prices shares are down about 13%. That's it protect would be this Wednesday remember you can follow us on Twitter at our TRS equity. I'm John Marino disorders.

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Techquity: Amazon scores, Blackberry squashed

Wednesday, January 30, 2013 - 02:55

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