Research in Motion Dips and 2 Heavily Traded Shares Seeing Action Today
Cisco Systems, Inc. (NASDAQ:CSCO): The possible purchase of Meraki by Cisco Systems will be the most intelligent action undertaken by Cisco of late. Cisco holds the top spot of networking hardware, primarily in the enterprise market, but has made significant inroads in the consumer wireless networking space with their acquisition of Linksys back in 2003.
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Sirius XM Radio Inc (NASDAQ:SIRI) has done well in coming back from the possibility of bankruptcy, and they are now penetrating the United States’ in-car radio market. In the process, their stock has grown quite a bit. The satellite radio company is already doing well in the U.S., but growing competition and Liberty Media’s attempt at buying them have cast some uncertainty over the company’s future. Of course, there are ways that Sirius XM can grow their value and these include expanding internationally, increasing their new-vehicle conversion rate, further expanding the used-vehicle market, and increasing the U.S. customer base by increasing their Internet services. Some of the potential markets include Western Europe, Latin America and Asia. Even though world-wide vehicle sales growth has been affected by the European economic slowdown, growth continues and the amount of vehicles sold is going up, although at a slower speed.
Research In Motion Limited (NASDAQ:RIMM): Shares of BlackBerry maker, Research In Motion Limited, have declined, giving back some of their huge recent gains. Through Monday’s closing, the stock had increased by 55% over the last 30 days and in the past three months, it had gained 70%. For all the recent eagerness surrounding RIM’s new BlackBerry 10 phones that are expected early next year, not all analysts are excited. “We believe the stock remains un-investable in the near-term,” Morgan Stanley analysts wrote in a note yesterday, while maintaining their “underweight” investment rating on the stock.