Research In Motion Limited (NASDAQ:RIMM): Goldman Sachs has given Research In Motion Limited the go-ahead, relatively speaking, by telling investors that there was a “30% chance” the company’s long-awaited BlackBerry 10 smartphones will be a hit. The investment bank upgraded the stock from Neutral to Buy and they also lifted the 12-month price target from $9 to $16. In response to this, RIM’s stock jumped 6%. However, Goldman Sachs’ analysis doesn’t quite predict a turnaround for RIM. For the most part, the mobile phone community has seen RIM’s effort to retake their former market share too little, too late. Morgan Stanley, for example, has urged stockholders to sell RIM shares for that reason.
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Facebook Inc (NASDAQ:FB): A judge gave Facebook 72 hours to remove a page that monitors pedophiles. A convicted sex offender went before the High Court of Northern Ireland to protest the page, “Keeping Our Kids Safe From Predators,” which a judge agreed caused harassment and an infringement upon the man’s rights. “Society has dealt with the plaintiff in accordance with the rule of law,” Justice McCloskey said. “He has been punished by incarceration and he is subject to substantial daily restrictions on his lifestyle.” The original page was taken down, but others with similar names have since taken its place, reported BBC News. The man, identified only as XY, initially launched the bid against Facebook when he found his image on the page accompanied by derogatory comments.
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