First things first… are you guys as excited and anxious about the new Crackberries as I am? I sure hope so! However, don’t get your hopes up of owning one just yet, as RIM has pushed back the release dates on both devices due to minor technical issues and bugs they need to resolve. Research In Motion might be starting a huge marketing push for the Thunder (dubbed the iPhone Killer) come September with an official launch around mid-October. On the other hand, the Bold or 9000 will be released for AT&T around July ($300 USD), with Sprint, Verizon, and T-Mobile to follow in September along with a matching price tag.
Now… all my ramblings aside, lets talk stock market RIMM.
RBC Capital Markets analyst Mike Abramsky sees plenty of catalysts for Research In Motion Inc. (RIMM) even in uncertain markets, including an exploding smartphone market, new product launches, and resilience against Apple Inc.’s (AAPL) iPhone.
The analyst gave RIM an outperform rating and a C$165 price target, a 43% upside on current stock price.
Now, generally I’m not one to follow analysts’ hypes, however lets get realistic here. We are afterall talking about The King of Business Smartphones. Alot of people have been comparing the iPhone to the Blackberry, yet there are differences in the perception of the consumers. Many surveys have concluded that the corporate gathering find the Blackberry as a more trendier and subtle gadget to fit their needs, while a younger more media-oriented generation have dedicated themselves to the iPhone. Now, don’t get me wrong, I am in no way bashing the iPhone. I think it is a wonderful device, but as far as stock market price potential for growth goes — Blackberry wins the battle without a doubt.
Moreover, I was highly dissapointed when they released the new iPhone. I mean, all they added was a 3G capability and a few other minor adjustments — nothing big, except the price tag! Looking at the Thunder and Bold they are completely innovative and offer a brand new look and style versus its predecessors.
Mr. Abramsky even sees a potential upside to this competition, to expand the overall Smartphone sector. He wrote:
We expect RIM to benefit globally from the iPhone launch, similar to the impact of the iPhone in North America (we estimate Blackberry unit sales through AT&T (T) rose 100% above pre-iPhone levels).
Another Research Capital Analyst, Mr. Agostino is also bullish on the stock with a C$175 price target, close to the Bloomberg consensus of C$171 (22 buys, 6 holds and 3 sells).
Both analysts pointed out that RIM also enjoyed a wide channel leverage (over 350 agreements worldwide) and a stellar management team underpinning flawless campaigns execution.
Mr. Agostino said:
The euphoria around the launch of the iPhone is now over, and the limelight is now going to switch back to RIM in the coming weeks.
Now lets quickly analize the current Price vs. RSI vs. Volume Chart of RIMM:
As you can see, I would expect to buy in around $110-112 as it is currently on a downward trend most likely up until Friday’s close, with Monday kicking off another increase in the price level. Expect this stock to follow up with another brilliant Quarterly Earnings report for their 2nd quarter results which are due on Sept. 25 2008. This is a great investment both in the short-term (during the quarterly earnings crunch) as well as long-term (brilliant management + research & development departments).
I know my next phone will be a Thunder, do you own a Blackberry or plan to buy one?
Where did you get your blog layout from? I’d like to get one like it for my blog.
Hello Sue, My blog can be found @ http://pomomusings.com/design/
The Widgetized version
Enjoy!
[...] Now if you missed it, I wrote an article on RIM previously — Blackberry Thunder and Bold about to be released, how will they affect rimm? [...]
New images of the BlackBerry Storm here!!!! - http://www.storm-reviews.co.uk/blackberry-storm-news/exclusive-blackberry-storm-screen-shots
It will be interesting to see what happens when the storm 2 comes out!
To know the textual content messaging capability of your iPhone, begin by adding friends and family to your contact list. This fashion, sending and receiving textual content messages is easier.
I am forever thought about this, appreciate it for posting.
This is the fitting weblog for anyone who needs to find out about this topic. You understand so much its virtually exhausting to argue with you (not that I truly would need…HaHa). You definitely put a new spin on a subject thats been written about for years. Nice stuff, just great!
I genuinely treasure your work , Fantastic post.
You actually make it appear so easy along with your presentation but I find this matter to be actually one thing that I believe I might never understand. It kind of feels too complicated and very broad for me. I am looking forward in your subsequent put up, I will try to get the cling of it!
I precisely desired to appreciate you once more. I am not sure what I would’ve gone through in the absence of the actual tricks documented by you concerning this theme. It became an absolute traumatic issue in my position, nevertheless taking note of this skilled way you treated it took me to jump with delight. I will be thankful for your information and as well , pray you really know what an amazing job you were putting in training the rest through your web page. I’m certain you have never met any of us.
It is difficult to get knowledgeable men and females with this subject, and you appear to be what happens that you are dealing with! Thanks
hello there and thank you for your information ¨C I¡¯ve certainly picked up anything new from right here. I did however expertise several technical points using this web site, since I experienced to reload the site lots of times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google and could damage your high-quality score if ads and marketing with Adwords. Well I¡¯m adding this RSS to my e-mail and could look out for a lot more of your respective interesting content. Make sure you update this again soon..
Cool blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog jump out. Please let me know where you got your theme. Bless you
Needed to write you the little word to help thank you very much once again for the spectacular views you’ve shared at this time. It’s sex shop Cluj simply wonderfully open-handed of you in giving without restraint what most of us would have offered for sale as an e-book to make some cash for their own end, principally considering the fact that you could possibly have done it if you decided. The guidelines additionally served as the fantastic way to fully grasp that the rest have the identical passion really like my very own to understand way more concerning this problem. I believe there are numerous more pleasurable periods up front for individuals who view your site.
Unquestionably believe that which you said. Your favorite reason appeared to be on the internet the easiest thing to be aware of. I say to you, I certainly get annoyed while people consider worries that they plainly don’t know about. You managed online sex shopto hit the nail upon the top and defined out the whole thing without having side-effects , people can take a signal. Will likely be back to get more. Thanks
Its e’er goodish to get important accumulation like you get for diary placard thanks for the substance. This is really interesting, and i like very much because You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your web site in my social networks!Magazin sex shop Brasov vand lenjerie intima la atat de ieftin diferite noutati ca vibratoare cu bile. Online sexshop magazin in Brasov va ofera lenjerie de culoare alba
I would like to show appreciation to you just for bailing me out of such a incident. After exploring throughout the world-wide-web and getting things which were not powerful, I figured my life was over. Existing minus the approaches to the difficulties you’ve solved as a result of the write-up is a serious case, as well as ones which might have badly affected my entire career if I hadn’t discovered your web site. Your main ability and kindness in dealing with a lot of things was priceless. I am not sure what I would’ve done if I had not discovered such a step like this. It’s possible to at this time look forward to my future. Thanks for your time very much for the skilled and amazing guide. I will not be reluctant to recommend your blog to anybody who will need tips on this situation.