RIMM Is On Track With QNX, Kaufman Bros. Remains Skeptic On Market Share
Tweet Send to a FriendGet Alerts RIMM Hot Sheet
Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RIMM Now!
Kaufman Bros. is keeping their Hold rating on Research In Motion Ltd. (NASDAQ: RIMM) as the company reports that progress is going well on QNX. The firm does note that people are remaining skeptic as the company is trying to run two operating systems (BB6 & QNX), where most people are trying to consolidate around one either the iPhone or Andriod.
The firm reports that the battery life on the PlayBook may need to be increased or re-engineered, as it only holds a charge for a few hours where the iPad will hold one for ten hours. Kaufman Bros. states that they are reiterating their estimate that sales for the PlayBook will be around 700,000 units, much lower than other estimates that range from 1-8 million units. The firm doesn't see the PlayBook taking much of the market share from its competitors considering the BlackBerry platform has only 15,000 apps compared to 300,000 for iPhone and 100,000 for Android.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $58.47 yesterday, with a 52 week range of $42.53-$76.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm reports that the battery life on the PlayBook may need to be increased or re-engineered, as it only holds a charge for a few hours where the iPad will hold one for ten hours. Kaufman Bros. states that they are reiterating their estimate that sales for the PlayBook will be around 700,000 units, much lower than other estimates that range from 1-8 million units. The firm doesn't see the PlayBook taking much of the market share from its competitors considering the BlackBerry platform has only 15,000 apps compared to 300,000 for iPhone and 100,000 for Android.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $58.47 yesterday, with a 52 week range of $42.53-$76.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Deutsche Bank Downgrades TRW Automotive Holdings (TRW) to Hold
- Lazard Cuts PT on Aruba (ARUN) to $18; Cisco Pressure Lingers, But Fundamentals Solid
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Kaufman Bros., PlayBookComments
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
power balance
power balance on Jan 5, 2011 06:36 AMMark as Spam | Reply to this comment
The firm reports that the battery life on the PlayBook may need to be increased http://www.powerbalance-wristbands.com or re-engineered, as it only holds a charge for a few hours where the iPad will hold one for ten hours.