Two Former Mobile Device Giants Show Resurgence (RIMM) (NOK)
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Well, you've seen this before.
Research In Motion (Nasdaq: RIMM) is exploding higher today following positive comments from National Bank earlier (for more color, ). In fact, RIM was on a six-session winning streak ahead of today's move, rising 22 percent over the last week.
The move mimics Nokia (NYSE: NOK), which as also seen some strong upside action over the last few trading sessions. Since the close on November 14th, Nokia is up 24 percent.
Could it be that investors are starting to see a little value in these all but forgotten names? RIM is going to unleash its next BlackBerry operating system in early 2013, while Nokia is hoping to bank on sales of its Microsoft (Nasdaq: MSFT) Windows phone 8-equipped Lumia line and mapping applications.
Both have also been clobbered over the last few years, with Nokia up above $30 in 2007 and RIM near $145 in the same time frame. The introduction of Apple's (Nasdaq: AAPL) revolutionary iPhone and Google (Nasdaq: GOOG) making a hard push behind its open-source Android operating system all but eliminated that two.
Maybe a shift in the tide is happening or that the two have fallen so hard that even mediocre results from their respective ventures are enough for investors to settle on right now.
Both are notably in positive territory again today, RIM up 11.8 percent and Nokia up 5.1 percent.
Research In Motion (Nasdaq: RIMM) is exploding higher today following positive comments from National Bank earlier (for more color, ). In fact, RIM was on a six-session winning streak ahead of today's move, rising 22 percent over the last week.
The move mimics Nokia (NYSE: NOK), which as also seen some strong upside action over the last few trading sessions. Since the close on November 14th, Nokia is up 24 percent.
Could it be that investors are starting to see a little value in these all but forgotten names? RIM is going to unleash its next BlackBerry operating system in early 2013, while Nokia is hoping to bank on sales of its Microsoft (Nasdaq: MSFT) Windows phone 8-equipped Lumia line and mapping applications.
Both have also been clobbered over the last few years, with Nokia up above $30 in 2007 and RIM near $145 in the same time frame. The introduction of Apple's (Nasdaq: AAPL) revolutionary iPhone and Google (Nasdaq: GOOG) making a hard push behind its open-source Android operating system all but eliminated that two.
Maybe a shift in the tide is happening or that the two have fallen so hard that even mediocre results from their respective ventures are enough for investors to settle on right now.
Both are notably in positive territory again today, RIM up 11.8 percent and Nokia up 5.1 percent.
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