After Countless Flubs, RIM (RIMM) Finally Under-Promises and Over-Delivers on BB10
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Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 42
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Research In Motion Ltd. (NASDAQ: RIMM) is getting a rare applause on Wall Street Monday after announcing that it would be holding a Blackberry 10 launch event on January 30th.
Analysts at Wells Fargo noted that while a Q1'13 was the promised date from management and it is in-line with expectations, the launch is "slightly on the earlier side."
"While it is clearly an uphill battle for RIMM given the recent launch of the iPhone 5 device and the aggressive marketing dollars being pushed toward Windows 8, we view it as a modest positive that a date is now officially set for the launch of the new BB10 devices," Wells Fargo analysts noted. "At our TMT conference last week, both VZ and T senior management expressed enthusiasm to having a third OS system. While we believe more of this near term enthusiasm is directed towards Windows, carriers seem to recognize the loyal (but shrinking) base, RIMM still has in the marketplace."
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 are up 2.9 percent to $8.79 mid-day Monday.
Analysts at Wells Fargo noted that while a Q1'13 was the promised date from management and it is in-line with expectations, the launch is "slightly on the earlier side."
"While it is clearly an uphill battle for RIMM given the recent launch of the iPhone 5 device and the aggressive marketing dollars being pushed toward Windows 8, we view it as a modest positive that a date is now officially set for the launch of the new BB10 devices," Wells Fargo analysts noted. "At our TMT conference last week, both VZ and T senior management expressed enthusiasm to having a third OS system. While we believe more of this near term enthusiasm is directed towards Windows, carriers seem to recognize the loyal (but shrinking) base, RIMM still has in the marketplace."
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 are up 2.9 percent to $8.79 mid-day Monday.
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