New York, NY -- (ReleaseWire) -- 12/28/2012 --Research In Motion Limited (USA) (NASDAQ: RIMM) 11.76 -0.06 (-0.55%) The company’s new BlackBerry 10 handsets will be unveiled at the end of January, so by the time spring arrives, retailers could be offering those handsets at a discount. Research In Motion Limited will experience lower profit margins next spring due to handset discounting.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services, RIM provides platforms and solutions for seamless access to information, including e-mail, voice, instant messaging, short message service (SMS), Internet and intranet-based applications and browsing.
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Suntech Power Holdings Co., Ltd. (ADR) (NYSE: STP) 1.33 +0.06 (4.72%). The $575 million convertible debt due in March next year is Suntech's biggest financial pressure, but analysts say there is no way the company can pay the loans under its current capital constraints. Apart from the $575 million debt due in March, the solar panel maker is burdened with a further 200 million yuan ($32 million) in overdue loans, and there will be another 1.4 billion yuan in debts needing paid within the next six months, according to 163.com.
Shi Zhengrong, chairman and chief executive officer of Suntech Power Holdings Co Ltd owns a 30.2 percent stake in the company, and his family trust holds another 29.4 percent.
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Commentary and Reports For: (NASDAQ: RIMM), (NYSE: STP)