The Zacks Analyst Blog Highlights: Research In Motion, Nokia, Apple, AT&T and Quicksilver Resources

The Zacks Analyst Blog Highlights: Research In Motion, Nokia, Apple, AT&T and
                            Quicksilver Resources

PR Newswire

CHICAGO, March 28, 2013

CHICAGO, March 28, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Research In Motion Limited
(Nasdaq:BBRY),Nokia Corporation(NYSE:NOK),Apple Inc.(Nasdaq:AAPL), AT&T
Inc.(NYSE:T) and Quicksilver Resources Inc.(NYSE:KWK).

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Here are highlights from Wednesday's Analyst Blog:

BlackBerry Z10 Sales Slow in the Gulf

As per media reports, sales ofResearch In Motion Limited's (Nasdaq:BBRY) new
BB10 operating system-based smartphone Z10 has slowed down after the initial
good response in the gulf region. The news comes on the back of a poor
response for the company's latest smartphone in the U.S. market, where it made
its debut on Mar 22, 2013.

BBRY launched its much-awaited BB10 operating system (OS) based device on Jan
30, 2013 and started selling the phone in the Gulf region from Feb 10, 2013.
Initially the device received a good response as it was one of the most
anticipated smartphone launches of 2013. However, the initial momentum fizzled
out after 15 days of the launch.

According to the Canadian handset manufacturers, the company has received good
pre-orders for the phone and are working with its two distributers in the Gulf
region to keep pace with the demand. However, one of the two distributors has
sold only 300,000 Z10 phones since its launch while a couple of online
retailers are selling the phone at a discount of 15%.

Historically, Gulf, which consists of six oil rich countries, is an important
market for BBRY. At the end of 2012, BBRY became the leader for smartphones in
the Gulf region, with a market share of 35%. The Canadian company has even
left behindNokia Corporation(NYSE:NOK),Apple Inc.(Nasdaq:AAPL) and Samsung
Electronics Company of South Korea.

BBRY witnessed a similar fate in the most lucrative North American market, as
the company failed to create any meaningful response when it launched the
phone withAT&T Inc.(NYSE:T) during last weekend.

Despite the negatives there are some reasons to cheer for Research In Motion
Limited. Z10 is now available in 25 countries and according to recent report
has done well in its home country. BBRY has also received a record single
purchase order of one million handsets from a telecom partner. Furthermore,
BBRY is yet to launch its QWERTY-based phone in the Gulf region, which is
expected to be more appealing, particularly to business customers.

However, it remains to be seen how the company counters declining sales in the
Gulf region particularly when Samsung Electronics will start shipping its
Galaxy S4 smartphones from late Apr.

Research in Motion Limited currently carries a Zacks Rank #3 (Hold).

Quicksilver Posts Revised Results

Quicksilver Resources Inc.(NYSE:KWK) declared its revised net income and
revenue figures for the fiscal fourth quarter and full year 2012. The current
figures came in higher than the numbers reported in late Feb 2013.

At the time of the fourth quarter and 2012 earnings release, the company did
not take into account any hedge qualifying effects. Instead of deferring the
unrealized derivative and losses, Quicksilver took into consideration these
adjustments which trickled down to the financial statement.

Including these modifications, net loss for the fourth quarter comes to $548.0
million corresponding to a GAAP loss of $3.22 per share. In comparison, the
previous net loss stood at $1.1 billion translating to a GAAP loss of $6.47
per share. On a pro forma basis, the revised earnings per share figure comes
to 5 cents compared with a loss of a penny as per the prior report.

For 2012, the recalculated net loss comes to $2.35 billion compared with a net
loss of $2.49 billion reported earlier. The modified GAAP loss figure stands
at $13.83 per share, favorable than the previous loss of $14.61 per share.
Adjusted loss for 2012 also came in lower at 5 cents compared with a loss of
27 cents posted during the release.

Revenue for the quarter shot up 25.1% to $224.0 million from the previous
$179.1 million. For 2012, the modified revenue increased 5.7% to $709.0
million from $670.8 million reported earlier.

We believe these positive revisions in both the top and the bottom line will
unlock greater value for the company's shareholders. With natural gas prices
regaining its momentum and moving north, we believe independent oil and gas
companies like Quicksilver will accrue substantial benefits, going forward.
Moreover, the company's effective hedging program will lend a degree of
constancy to its returns.

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