Needham & Company Maintains a 'Hold' on Research In Motion (RIMM); Is A New RIM Beginning To Emerge?

Needham & Company maintains a 'Hold' on Research In Motion Ltd. (NASDAQ: RIMM).

Analyst, Charlie Wolf, said, "RIM seems to be pinning its hopes on BlackBerry 10, its new operating system, which is scheduled for release in the second half of the year. Until then, the company appears to be stuck with an aging product portfolio, which no amount of marketing can salvage. We continue with our Hold rating but we’re cutting our fiscal 2013 estimate in half to $1.50 from $3.00."

Wolf noted some encouraging signs including the new CEO, who's perspective is to focus on enterprise, not be everything to everybody. Secondly, another potential positive is Research In Motion will try developing more partnerships, not limited to outsourcing the actual manufacturing of its devices.

For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $13.73 yesterday.

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