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U.S. Day Ahead: BlackBerry sales numbers may be too rosy

Monday, May 13, 2013 - 02:07

May 13 - Analysts say expect Blackberry CEO Thorsten Heins to give bullish sales predictions at a key company meeting on Tuesday.

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Blackberry will update investors on the success of its latest Smartphones and the stakes could not be higher it's sort of -- 30% in the last year -- about 13 of its stock has been shorted. Analysts say expect CEO Thorsten -- to be pretty optimistic. Earlier he predicted that the company would sell tens of millions of its new phones this year. But UBS warrant in -- the Blackberry CEO estimates are too high. And they say that company is going to keep losing subscribers. Pacific press had a celebrating on Blackberry it's as retailers may be less willing to take on extra devices given weak demand for them. We could hear from one top JPMorgan exact about the controversies surrounding Jamie diamonds role as CEO and chairman. Mike -- co chief of the company's corporate and investment bank division speaks at a financial conference in New York. He theme of the potential successor to diamond and oversaw the internal probe into last year's six billion dollar trading -- Markets are cautious JPMorgan shares are severely underperforming the broader QBW banking index. Analysts at Credit Agricole say and Dimon goes as he's reportedly threatened. That could -- -- twenty billion dollars from the firm's market. Pay attention to any comments from Yahoo!'s CFO Ken Goldman how about the company's stake it Alibaba. Yahoo!'s stock has jumped about 70%. Since -- the mayor took over as CEO. Much of the game has come from the increase in value of Yahoo!'s Asian assets and its stock -- Macquarie bank expects Alibaba to go public by early 2014. Yahoo!'s 24% state could netted a cool eight billion dollars. And we'll have more interviews with newsmakers after greater cyber security summit they could include Janet Napolitano. The head of the department of homeland security and White House cyber security czar Michael Danielle the big question how to handle -- Follow us on Twitter at Reuters Insider again more of our video that Reuters dot com slash traders TV I'm putting mom -- -- yours.

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U.S. Day Ahead: BlackBerry sales numbers may be too rosy

Monday, May 13, 2013 - 02:07