Research In Motion (RIMM) Sees Volatile Trading On Analyst Day
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After trading lower earlier, as the company hosted a 2010 Capital Markets Day at WES 2010, shares of Research In Motion Ltd. (Nasdaq: RIMM) turned higher mid-day.
At the event the company introduced a new BlackBerry Bold 9650 and new BlackBerry Pearl 3G. The company also introduced BlackBerry Mobile Voice System 5 with voice over Wi-Fi Calling.
Possibly more important, co-CEO Mike Lazaridis said the company will launch its new operating system and Web browser next quarter.
The company also said China will account for a larger share of revenue this year and said ASP on the new devices will move up.
Shares of RIM are up 0.7 percent to $71.12. They have traded in a range of $64.88-$71.93 today.
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At the event the company introduced a new BlackBerry Bold 9650 and new BlackBerry Pearl 3G. The company also introduced BlackBerry Mobile Voice System 5 with voice over Wi-Fi Calling.
Possibly more important, co-CEO Mike Lazaridis said the company will launch its new operating system and Web browser next quarter.
The company also said China will account for a larger share of revenue this year and said ASP on the new devices will move up.
Shares of RIM are up 0.7 percent to $71.12. They have traded in a range of $64.88-$71.93 today.
Market Moving News and Intelligence - Free Trial
http://www.streetinsider.com/premium_content.php
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