We are ading a couple of old friends to our October recommended list.
We are recommending credit spreads in the following issues.
RIMM - Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company, through the development of integrated hardware, software, and services, provides platforms and solutions for seamless access to time-sensitive information, including email, phone, short messaging service, and Internet and Intranet-based applications and browsing. Its products and services principally comprise the BlackBerry wireless platform, the RIM Wireless Handheld product line, software development tools, and other software and hardware. The companyÂ’s BlackBerry smartphones use wireless, push-based technology that delivers data to mobile usersÂ’ business and consumer applications. Its BlackBerry smartphone portfolio includes BlackBerry Bold series, the BlackBerry Torch, BlackBerry Curve series, the BlackBerry Style, BlackBerry Storm series, the BlackBerry Tour, BlackBerry Pearl series, and the BlackBerry PlayBook tablet.
XLNX - Xilinx, Inc. designs, develops, and markets programmable platforms in North America, the Asia Pacific, Europe, and Japan. Its programmable platforms include advanced integrated circuits in the form of programmable logic devices (PLDs); software design tools; and predefined system functions delivered as intellectual property cores. The company?s PLDs comprise field programmable gate arrays, complex programmable logic devices, and extensible processing platforms, which perform desired logic functions. It also provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and data processing. It sells its products through independent distributors, as well as through a network of independent sales representative firms, and a direct sales management organization. The company is founded in 1984 and is based in San Jose, California.
AKAM - Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company offers Application Performance solutions that improve the performance of dynamic applications used by enterprises to connect with their employees, suppliers, and customers. Its Application Performance solutions include Web Application Accelerator, which enables enterprises to run various applications; and IP Application Accelerator that is designed to address core Internet weaknesses to optimize the performance and real-time sensitivity associated with IP-enabled applications delivered over Internet-related protocols. It also provides Digital Asset solutions that enable enterprises to execute their large file management and distribution strategies.
We are recommending the following specific credit spreads.
Call credit spreads = bearish call spreads.