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Intel is leading an initiative that would encourage developers to sell applications for netbooks, PCs and other devices powered by its chips. The world’s biggest chipmaker Tuesday told its annual developer forum in San Francisco that it was creating a platform based on an App Store framework for devices running on its Atom low-power microprocessor. Apple’s App Store, which allows users to shop for applications that personalize their iPhones, has been very successful. In a keynote speech, Paul Otellini, Intel chief executive, announced support from Acer, Asus and Dell, which are launching their own App Stores, Asus already has its own version, based on Intel’s framework. Read more

Popularity: unranked [?]

Thursday Motorola unveiled its 1st Google Android-powered smartphone, a touch screen device designed to compete with Apple’s iPhone that will target consumers who use social media sites.The 3G and Wi-Fi enabled handset, called the Motorola Cliq in the US and the Motorola Dext elsewhere, is the first of a raft of new devices aimed at reviving the struggling US mobile maker’s fortunes. The smartphone market is the most dynamic of the global mobile phone market segments, but Motorola will face tough competition from rivals including Nokia, Apple, Research in Motion, Palm and HTC, which have launched new devices in recent months.

Popularity: unranked [?]

US securities regulators are examining Apple Inc.’s disclosures about CEO Steve Jobs’ health problems, to ensure investors were not misled. The Securities and Exchange Commission’s review does not mean investigators have seen evidence of wrongdoing. Both the SEC and Apple declined to comment on the matter. Jobs has said he had an easily treatable “hormonal imbalance,” but last week came back to say that his problems were “more complex” than originally thought, and he would take a medical leave of absence for six months. In 2004, Jobs was treated for a rare type of pancreatic cancer called an islet-cell, or neuroendocrine, tumor. Such tumors can be benign or malignant, but they usually grow slowly and are far less deadly than most pancreatic tumors.

Popularity: 6% [?]

This is what happened last week…

Bad news, bad news and bad news again (tell’em, tell’em again and tell’em what you told them). Nevertheless, last Friday, the market rallied some off of Thursday’s technical reversal action.
The banks are still sending out the worst news, what with Citi breaking up and Bank of America needing more cash to digest Merrill Lynch, it is a fact that Wall Street has moved to Washington, D.C., perhaps never to return to Manhattan. If that was not enough, the production capacity numbers were worse than anyone expected.
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Popularity: 16% [?]

Let’s have a look at the Research In Motion the innovator that bought the world BlackBerry, the tool that keeps us connected, from a Technical POV (point of view). Research In Motion Limited, Waterloo, Canada (NASDAQ (GS): RIMM)

The overall analysis after Wednesdays market action is Bearish, in the near term it is Neutral, mid-term Neutral, and long term Very Bearish, this can change on any strong upside action with good volume.

Today RIMM closed minus 2.59 pts at 52.97 on volume approaching 28.7MM/shrs on the day (Nov. 05, 2008) putting it #10 on today’s NASDAQ most active list.

There are 5 Open Gaps Down on the chart dating back to June 26, 2008 (137.49) thru October 6, 2008, (59.59), the near term resistance is the 50 day moving average at 72.55.

This is Research in Motion: RIM moves with its customers. In the world of personal communications Research in Motion provides wireless hardware, software, and services to customers worldwide. Its signature BlackBerry smart phones handle voice, email, and text messaging, + Internet access. RIM also provides software development tools and makes radio-based modems that other manufacturers incorporate into portable devices. RIM sells to corporations, resellers, and wireless carriers. The ubiquitous BlackBerry devices are offered by service providers including AT&T Mobility, T-Mobile, and Verizon Wireless.

RIM’s competitors are primarily in the Handheld Computers & Accessories industry. It also competes in the Computer Networking Equipment, Wireless Software, and Wireless Telecommunications Equipment sectors. RIM competitive landscape includes: Apple, Microsoft, and Nokia.

RIM is ranked #107 on the Financial Times Global 500 list with sale of US$ 6+B and 8,400 employees.
Note: Demand for RIM and their competitor’s products is tied to consumer and business income. The profitability of individual computer companies depends on purchasing and production efficiencies, and on technological expertise. Large companies like RIM have economies of scale in purchasing and production. Small companies can compete successfully by specializing in certain products or by developing superior technology.

The industry is capital-intensive and highly automated: annual revenue per employee is about $500,000. The output of North American computer manufacturing is forecast to grow at an annual compounded rate of 3.9 percent between 2007 and 2012.

Popularity: 2% [?]