Apr 12 - Reuters Breakingviews columnist Rob Cyran on BlackBerry's latest battle, Amazon Prime, and outsourcing.
▲ Hide Transcript
▶ View Transcript
Primetime for Amazon company's -- its annual report. And see a jet business is touting the growth in this setting nine dollar a year prime service in his letter to shareholders he writes. We now more than fifteen million items in -- up fifteen times since we launched in 2005. And -- biggest election tripled in just every year to more than 38000 movies and TV episodes. The service is great way to locking customers get free standard shipping edition axis of the content library. It's more to become better customers. Know from Pacific Crest Securities today estimates that prime members spend five times more than non prime members. Brokerage raised its -- estimates on Amazon. Amazon shares are fractionally today there are about 7% this year roughly in front line with the NASDAQ. In the best arrest today Blackberry Smartphone maker CEOs come out swinging against claims that customers are returning its newest phone and usually high numbers. Companies asking -- SEC Canadian regulators to examine its stock research put out by investment firm to Wheeler Fenton. Of course Ellis get things wrong sometimes and -- customers are thrilled -- -- and phones if so positive word of mouth will quickly dispel negative rumors. With a big red flag of a company's CEO publicly attacked shorts are critical research. It is as good there's no need to you customers and investors don't pay attention negative stories. And management presumably has better things to do with their time. Beginning factories cranked out enough phones then worry about investment bank account as Shakespeare put it the lady doth protest too much me thinks. NASDAQ listed shares -- about 1% today. Now -- emphasis in the -- -- outsourcing companies used to grow 50% or more every year like clockwork. Interest has kept up this pace for over two decades. Now investors and 24 billion company are asking of the firms and even the sector's best days are behind it. Revenue should grow less than 10% this year. Moreover it assists as margins are coming down as rivals fight to retain contracts. That you sent the stock plummeting 20%. Part of the blame is simply the trees don't grow in the sky it's easier to grow a company with seven million dollar in sales than 17 billion. Slow growth in Europe while it doesn't help either. But the hassles illusory financial benefits of outsourcing have become increasingly evident. That's played a part in the recent growth of manufacturing the United States. Could via IT is the next sector of the economy to come back on shore. Soaring and sputtering timer a look at movers soaring as Universal Display which makes parts for Samsung's galaxy S four Smart fun. Oppenheimer raised its rating on the stock to outperform. Shares -- about 4%. And sputtering out of area. The company's not giving an explanation for the resignation of the Israeli wireless broadband firm's CEO as well the board member shares down 14%. As tech it's Friday -- in policy on Twitter -- here it's technique. I'm rock -- and this is Reuters.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code