Research In Motion (RIMM) 01 (Sep 08 - Oct 11)

[iam802]

Tomorrow, I will bid for the Bedok site, ok?

[kennynah]

and sweep up the entire sentosa cove...cordoned it off, declare it private and seek independence.... call it State of 802...

[iam802]

RIM Acquires DataViz Assets

http://digitaldaily.allthingsd.com/2010 ... hoo_ticker

RIM (RIMM) said it had snapped up the developer of Documents To Go–one of Apple’s best-selling apps of 2009–along with much of the talent that developed it. “RIM has acquired some of the assets of DataViz and hired the majority of its employees to focus on supporting the BlackBerry platform,” the company said in a statement given to Digital Daily.

Notes:
- RIMM is putting a strong fight and is putting the various pieces in place.
- DataViz team is going to help ensure the next device that RIMM has will work well with office documents

[kennynah]

tough fight hanging on to life support...

[iam802]

RIMM Tops Estimates, Ups Guidance

http://www.zacks.com/stock/news/40263/R ... s+Guidance

Research In Motion Ltd. (RIMM - Analyst Report) did what it had to do in its fiscal second-quarter with better-than-expected EPS and revenue, and, more importantly, a solid outlook for the fiscal third quarter.

Now the question is: did it do enough to win over analysts that had been rather down on the company heading into the report?

After the market closed on Thursday, the smartphone giant announced earnings per share of $1.46, which easily beat the Zacks Consensus Estimate at $1.35. With a year-over-year gain of 31%, revenue was also ahead of expectations at $4.62 billion, compared to $3.53 billion.

The quarter added about 3.4 million new BlackBerry subscriber accounts net, bringing the total subscriber account base to more than 50 million. It also shipped over 12 million BlackBerry smartphones in the fiscal second quarter.

That’s all fine and good, but analysts were really interested in the company’s outlook for the fiscal third quarter. Was Research In Motion going to be able to hang with the likes of Apple’s (AAPL - Analyst Report) iPhone and Google (GOOG - Analyst Report)?

The company expects earnings per share between $1.62 and $1.70 per share for the quarter, which is well above the Zacks Consensus Estimate of $1.40. It also sees revenues between $5.3 billion and $5.55 billion with net subscriber account additions of 5 million to 5.4 million.

RIMM said it expects a continuation of this momentum in the fiscal third quarter, as it extends the rollout of new products into additional markets, including the BlackBerry Torch. (<<802: Really?)

The analysts’ response to this will be very interesting as they had not been the most optimistic bunch of late. In the past month, there had been 8 downward revisions and no upward revisions. Furthermore, the past 7 days saw 3 downward revisions and only 1 to the upside. There are 43 total estimates for the period.

Despite the pullback, the Zacks Consensus Estimate of $5.56 stayed steady over the past 2 months and remains about 2.6% better than 3 months ago.

The same trend was seen for next fiscal year, though, with 9 downward estimates in a month out of 36 total. There were also 3 downward revisions and an upward revision in the past week.


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[iam802]

RIMM starts to turn up yesterday despite issues with India are not resolved.

Vested
---
Could it be due to this?




http://www.fastcompany.com/1690526/hot- ... newsletter

[iam802]

RIMM looks set to break the resistance from its gap down in August (at around 49.50). After which, resistance is expected at 50.50 from the fairly thick kumo.

I believed RIMM will break 49.50 however, it will be stop out at the kumo resistance and will retrace towards a trading range of between $45 and $50.

For RIMM to move up much higher, it has to show that its investment in the new products will gather lots of sales or enter markets that have not been captured by competitors from AAPL, GOOG and HPQ.

[iam802]

RIMM’s Tablet Ready For Launch

http://www.dailymarkets.com/stock/2010/ ... or-launch/

Research In Motion Limited (RIMM: 47.63 0.00 0.00%) is all set to launch its new tablet computer as well as the operating system that will power it, next week.

The tablet computer is being built by Quanta Computer Inc of Taiwan and will run on chips from Marvell Technology Group Inc. (MRVL: 17.22 0.00 0.00%). The tablet will be based on a new operating system developed by QNX Software Systems. Research In Motion acquired QNX from Harman International in April 2010.

Research In Motion is using operating system from ONX for the tablet instead of its traditional BlackBerry’s operating system, which is slow, time consuming and outdated. Eventually, Research In Motion intends to transition its BlackBerry smartphones to this operating system.

The tablet will feature a seven-inch touch screen with a built-in camera and is expected to be released in the fourth quarter of calendar year 2010. It has Bluetooth and broadband connections that will allow connectivity to cellular networks through a Blackberry smartphone.

.....

[iam802]

RIMM chart has shown prices moving steadily up since its low back in August 31.

It is now at the ‘tipping pt’ of breaking upwards; with small trading range.

The small trading range suggest that the market is undecided about the positioning of its new ‘tablet’ device.

A lot of it will depends on how the product wow the market. More importantly, is the positioning and pricing.

If it is position as an iPad alternative, it will play second fiddle to AAPL.

Nonetheless, the bullish momentum is not that great as we can see that the Tenkan sen is fairly flat. Resistance is expected at $50.

But, if RIMM is able to pull a ‘PALM-equivalent WOW factor’, I won’t be surprised if it can go towards $58.

[iam802]

UAE sees BlackBerry issue solved before deadline

http://www.reuters.com/article/idUSLDE68P02520100926

* Official says "very optimistic" on talks

* UAE has given an Oct 11 deadline to RIM for more access

(Recasts, adds details)

By Mahmoud Habboush

ABU DHABI, Sept 26 (Reuters) - The United Arab Emirates is "very optimistic" about reaching an agreement in a dispute with BlackBerry maker Research In Motion (RIM.TO) (RIMM.O) before an official deadline, a top Abu Dhabi official said.

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