The Zacks Analyst Blog Highlights: Research In Motion, AT&T, Nokia, Google and Raytheon

The Zacks Analyst Blog Highlights: Research In Motion, AT&T, Nokia, Google and

PR Newswire

CHICAGO, April 3, 2013

CHICAGO, April 3, 2013 /PRNewswire/ -- 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 Ltd.
*(Nasdaq:BBRY), AT&T Inc. (NYSE:T), Nokia Corp. (NYSE:NOK), Google Inc.
(Nasdaq:GOOG) and Raytheon Company (NYSE:RTN).


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Here are highlights from Tuesday's Analyst Blog:

BlackBerry to Expand Smartphone Range

BlackBerry smartphone developer, Research In Motion Ltd. *(Nasdaq:BBRY) –
plans to roll out a broader range of handsets this year to cater to a bigger
market as the company wants to target customers other than the business
executive ones.

BBRY is aiming for a smartphone portfolio that includes high, mid and entry
level phones based on its BB10 operating platform. Though BBRY hasn't
announced any specific time, the company expects the phone to be out in the
market before Nov 2013.

BBRY will also target a touch screen and a QWERTY version for its mid and
entry level phones, but will stop production if the range fails to attract
customers. Additionally, the company is also working on its popular BlackBerry
Messenger and other services to boost its revenues.

However, the company will continue to market BlackBerry 7 models along with
its latest BB10-based devices, in markets where owning a low priced phone is
considered a better option.

BBRY launched its much-awaited BB10 operating system (OS)-based device on Jan
30, 2013 and has started selling the touchscreen version (Z10) of the
smartphone in 25 countries. Initially, the device received a good response and
has received a record single purchase order of one million handsets from a
telecom partner.

However, according to media reports, demand for Z10 has fizzled out in the
Gulf region, where it is a smartphone leader with a market share of 35%.
Meanwhile, Z10's U.S. launch with AT&T Inc. (NYSE:T) also failed to create any
meaningful result since its launch in Mar 22, 2013.

Our Take

BBRY is launching the lower version of BB10 based smartphone to counter the
move by its rivals, Samsung Electronics Company and Nokia Corp. (NYSE:NOK).
Nokia has launched low-end version of its flagship Lumia device, while Samsung
has also launched entry level version of its Galaxy smartphone that runs on
Google Inc.'s (Nasdaq:GOOG) Android platform. We believe that extending its
smartphone range will not only allow BBRY to combat market share loss but will
also restrict its loyal customers from switching to other OS.

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

*Research In Motion announced that effective Jan 30, 2013, the company would
operate around the world under the name BlackBerry. From Feb 4, 2013, the
company's ticker symbol for trading has been changed from "RIMM" to "BBRY" on
NASDAQ. The legal name of the company has not changed, for which the approval
of the official change by shareholders will be sought at the company's Annual
General Meeting later in 2013. During the time, the company will do business
as BlackBerry.

Raytheon Gets German Deal Worth $155.6M

Raytheon Company (NYSE:RTN) has clinched a $155.6 million missile contract
from the German navy. The deal allows Raytheon to construct Block 2 Rolling
Airframe Missiles ("RAM"). This is the biggest exclusive RAM award made by
Germany so far.

Per the deal, RAM Block 2 production will be done at Raytheon Missile Systems'
facilities in Tucson, Ariz. RAM is a mutual venture between the U.S. and
German administrations with support from industry players like Raytheon and
RAMSYS of Germany. RAMSYS as well as Raytheon will share this latest RAM
production operation.

RAM is a light weight and supersonic missile used for defense against
anti-ship cruise missiles and helicopters. The missile is already used on 100
or so ships in the U.S., Turkey, Japan, Greece, Egypt, Republic of Korea, and
the United Arab Emirates. It is a type of self-governing dual-mode, passive
radio frequency and infrared guidance designed missile that counters numerous
threats simultaneously.

Based in Waltham, Mass., Raytheon Company is a technology and innovation
leader specializing in defense, homeland security and other government markets
throughout the world. The company provides state-of-the-art electronics,
mission systems integration and other capabilities in the areas of sensing,
effects, and command, control, communications and intelligence systems, as
well as a broad range of mission support services.

Raytheon remains focused on strong program execution, prudent capital
management and strategic investments. In spite of the declining trend in U.S.
defense spending, Raytheon is one of the best-positioned companies among the
large-cap defense players due to its non-platform-centric focus. The company
enjoys impressive order bookings and order backlog, an improving balance
sheet, growing cash flow and operational enhancements.

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