BlackBerry setting up for another tradable bounce, says Macquarie Macquarie believes Blackberry is setting up for another tradable bounce near-term given overly bearish sentiment. The firm does not believe there have been any supply chain adjustments and checks indicate June quarter production is ahead of initial estimates and that the Q10 is likely to be a bigger upgrade product for Enterprise subs than the Z10. The analyst rates shares a Neutral but sees a short squeeze rallying shares to $17+ on a decent Q10 sell-in.
U.S. airlines' restructuring means less routes, WSJ reports A decade of restructuring in the U.S. airline industry has resulted in a sharp reduction in air service that is curtailing traveler choice and some local economies even as it improves the industry's health, an MIT study shows, reports the Wall Street Journal. From 2007 through last year, U.S. airlines cut the number of scheduled domestic flights by 14%. The number of seats offered fell by slightly less, as airlines pushed passengers onto bigger planes, says the study. Reference Link