Investors Still Indecisive on RIM (RIMM) Amid BB10 Enerprise Update
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Research In Motion (Nasdaq: RIMM) is trading stronger amid positive chatter over the company following a release earlier highlighting its BlackBerry 10 program.
The effort is aptly named the BlackBerry 10 Ready Program and its aimed at enterprise customers. RIM said that the The BlackBerry 10 Ready Offer and the BlackBerry 10 Ready Webcast Series components will be ready today, with the BlackBerry Enterprise Server License Trade Up and BlackBerry 10 Readiness Services ready at launch, which is slated for January 30, 2013.
Last month, RIM said BB10 was in beta testing with some 20 key government agencies and private corporations.
Reuters reports today that feedback from carriers and agencies has been "largely positive," but analysts, as one would imagine, are mixed on the OS. Jefferies recently upgraded the stock to Hold, boosting its price target in the process, while Morgan Stanley issued a warning on BB10 being "overhyped."
In any case, after falling to the low-$6 range in September as peers Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG), and Nokia (NYSE: NOK) debuted new products, RIM has nearly doubled to a level at $11.90 today. Shares are down 1 percent on the session Thursday.
For today's release, click here.
The effort is aptly named the BlackBerry 10 Ready Program and its aimed at enterprise customers. RIM said that the The BlackBerry 10 Ready Offer and the BlackBerry 10 Ready Webcast Series components will be ready today, with the BlackBerry Enterprise Server License Trade Up and BlackBerry 10 Readiness Services ready at launch, which is slated for January 30, 2013.
Last month, RIM said BB10 was in beta testing with some 20 key government agencies and private corporations.
Reuters reports today that feedback from carriers and agencies has been "largely positive," but analysts, as one would imagine, are mixed on the OS. Jefferies recently upgraded the stock to Hold, boosting its price target in the process, while Morgan Stanley issued a warning on BB10 being "overhyped."
In any case, after falling to the low-$6 range in September as peers Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG), and Nokia (NYSE: NOK) debuted new products, RIM has nearly doubled to a level at $11.90 today. Shares are down 1 percent on the session Thursday.
For today's release, click here.
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