BlackBerry Sued By Its Stock Purchasers and 2 More Heavily Traded Stocks to Follow
BlackBerry Ltd. (NASDAQ:BBRY): Current price $7.99
Tuesday afternoon, Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class comprising all purchasers of BlackBerry’s common stock between September 27, 2012 and September 20, 2013, inclusive. The complaint claims that defendants issued materially false and misleading statements in regards to BlackBerry’s business and operations. Specifically, the suit alleged that the firm failed to inform investors that, contrary to its statements promoting its financial strength and new BlackBerry 10 smart phones, the firm was not rebounding and re-emerging as a top player in the wireless communications industry.
Brocade Communications Systems Inc. (NASDAQ:BRCD): Current price $8.11
Brocade reports an addition to its campus networking portfolio with the Brocade ICX 6450-C Switch, which supplies enterprise-class features in a compact form, and backs the simplification and automation given by the Brocade HyperEdge Architecture. Acting on the firm’s strategy to deliver innovation for specific customer segments, the Brocade ICX 6450-C was created for the unique and stringent requirements of United States Federal agencies and public sector organizations.
Dell Inc. (NASDAQ:DELL): Current price $13.83
On Tuesday it was announced that Dell Services has been positioned by Gartner Inc. in the “Leaders” quadrant of the Magic Quadrant for End-User Outsourcing Services, North America. This report was created to aid customers in evaluating service providers, and is based upon analyst research and customer feedback. Dell has highlighted customer satisfaction and effective service delivery with quarterly measurements of client loyalty. Client references indicate that the Dell team is highly responsive and, based on its legacy PC capabilities, had a complete understanding of the hardware and related PC images employed in EUO services.
Investing Insights: Will BlackBerry Find a Buyer?