NEW YORK / ACCESSWIRE / June 23, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Facebook Inc, Nokia Corporation, BlackBerry Ltd, BullsnBears.com.
BullsnBears.com, Inc. (OTCMKTS:BNBI)’s shares closed at $1.74. The company on Apr. announced that the Company has engaged IR Affiliates and StockGuru.com for investor relations and market awareness. John Pentony, the President of IR Affiliates and StockGuru.com will operate as investor relations for Bullsnbears.com.
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John Pentony of IR Affiliates and StockGuru.com commented, "I am a believer in what James Palladino is doing at Bullsnbears.com. With all the Company has going on right now, I see so many ways my company's properties can work in concert with Bullsnbears.com to the benefit of BNBI shareholders. I look forward to speaking to current and prospective shareholders."
Facebook Inc (NASDAQ:FB)’s shares declined 0.42% to $64.23. Facebook suffered its longest and largest outage in years on June 19, disconnecting millions of users around the globe. Due to a technical failure, users were unable to access their accounts for about a half-hour starting at 4 a.m. ET. Facebook says it restored service in less than 30 minutes, but not before triggering widespread panic among Facebook users.
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Additionally, Facebook infringed on patents held by a Dutch computer programmer who tried to launch a similar site called "Surfbook" more than a decade ago, according to a lawsuit heard by a federal jury on June 11. The civil trial was underway in U.S. District Court in Alexandria, where social media giant Facebook is being sued by a holding company called Rembrandt Social Media.
Nokia Corporation (ADR)(NYSE:NOK)’s shares gained 1.81% to $7.75 in the pre-market hour. Nokia paid several million euros to criminals who threatened to reveal the source code for part of an operating system used in its smartphones some six years ago, Finnish TV station MTV said on June 17. The police confirmed to Reuters that they were investigating a case of alleged blackmail and that the case was still open. Nokia was not immediately available for comment.
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Additionally, RBC Capital increased its price target on Nokia on June 12 as the firm expects the company's networks business to benefit from carriers' upgrade to LTE. RBC Capital thinks that the company will be able to increase its monetization of its technologies assets and benefit from improved growth of its HERE business. The firm keeps an Outperform rating on the shares.
BlackBerry Ltd (NASDAQ:BBRY)’s shares jumped 1.83% to $9.99 in the pre-market hour. The company on June 19 reported financial results for the three months ended May 31, 2014. Revenue for the first quarter of fiscal 2015 was $966 million, down $10 million or 1% from $976 million in the previous quarter. GAAP net income for the first quarter was $23 million, or $0.04 earnings per share ("EPS").
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The net income includes non-cash income associated with the change in the fair value of the Debentures of $287 million (the "Q1 Fiscal 2015 Debentures Fair Value Adjustment") and pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency ("CORE") program. Excluding these items, adjusted loss for the first quarter was $60 million, or $0.11 per share.
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SOURCE: Market Buzz Report
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