Technology Sector Recap; Research In Motion (RIMM) Stock Hikes while Pricing Power With Carriers Drops – RIMM, NFLX, AMZN, YGE, MRVL

Earlier day trading session data confirmed that Technology sector responded negatively with -0.50% change. Research In Motion Limited (USA) (NASDAQ:RIMM) and Yingli Green Energy Hold Co Ltd (ADR) (NYSE:YGE) were major percentage gainer in this sector while key decliner was Marvell Technology Group Ltd (NASDAQ:MRVL).

Research In Motion Limited (USA) (NASDAQ:RIMM) pricing power with carriers shows indications of slipping after the Canada based BlackBerry manufacturer was forced to lower subscriber service charges as demand for its smart phones in emerging markets slows.

CEO of the Waterloo, Ontario-based BlackBerry maker Thorsten Heins, who will launch the BlackBerry 10 OS coming month, told analysts on a Dec 20 conference call that Research In Motion faces pressure to lower fees to stay relevant in their markets.

Research In Motion Limited (USA)’s YTD performance was recorded as -18.41% while its market capitalization was $6.20 billion. The company has P/B ratio of 0.66. Institutional ownership owns 60.57% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.65. Net profit margin of the company was -6.81% while its gross profit margin was 29.88%.

Netflix, Inc (NASDAQ:NFLX) stock about 0.5% to end at $90.65 following an earlier loss. The corproaiton says the disruption was caused by a trouble at Amazon.com, Inc’s (NASDAQ:AMZN) Web services, which manages the Netflix streaming service.

Netflix, Inc. has market capitalization of $5.04 billion. Its current ratio was 1.39 while its shares were looking forward SMA50 with 14.04. The company offered earnings per share of 0.79 while its 55.55 million shares were outstanding. YTD performance of the stock was 30.83%.

Amazon.com, Inc. (NASDAQ:AMZN) has the market capitalization of $112.62 billion. The company’s EPS was 0.07 while its 452.96 million shares were outstanding. Its institutional ownership was 67.83%. Shares of the company were moving ahead of SMA50 with 2.88% while its YTD performance was 43.63%.

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