Rimm $ 80

heilbronner1 · Jan 22, 2008

Quote from 2ez:

http://network.nationalpost.com/np/...ch-in-motion-concerns-quot-overdone-quot.aspx

Research in Motion concerns "overdone"
Posted: January 22, 2008, 2:48 PM by David Pett
Technology
Fear not Research in Motion Ltd. investors, rumours of the BlackBerry maker's demise over highly exaggerated, according to UBS analyst Jeffrey Fan.

In a note to clients, Mr. Fan first dismissed concerns regarding BlackBerry hardware inventory as "overdone," saying figures showing a growing gap between net subscriber additions and hardware units shipped are misleading.

"When we adjust for churn and non-activated BlackBerries, the gap is much lower," he wrote.

Mr. Fan also dismissed competition fears stemming from IBM's expected announcement of a Lotus Notes email package for Apple's iPhone.

"We continue to believe competition in the medium/high end enterprise remains at least one to two years behind RIM because RIM's architecture, lower total cost of ownership, distribution channel with single point of contact sale, support infrastructure, and installed base with single point of contact," the analyst told clients.

Mr. Fan sees several catalysts driving the stock forward in the coming months including the release of the BlackBerry Unite software, more carrier launches, more introductory BlackBerry data price offerings and possibly a touch-screen BlackBerry later this year.

He said he expects RIM shares could outperform on a relative basis given the recent sell off and reiterated his "buy" rating US$155 price target.
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No one needs ANALysts.

Still target: the seventies.

luckyluciano · Jan 22, 2008

R U kidding me??? I see RIMM below $50...look at the weekly chart and the PE...PE still at 48, higher than GOOG and AAPL. With AAPL getting hammed now, RIMMers gonna run for the hills.
No place to hide.

heilbronner1 · Jan 23, 2008

Quote from heilbronner1:

$ 81.60 at the moment, I will be in the seventies this week, so I have to be patient and wait to cash in.
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I place cover trades around $ 79. Let's see if we reach this point today!

2ez · Jan 24, 2008

$93 as I type.

heilbronner1 · Jan 24, 2008

Quote from 2ez:

$93 as I type.
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Yes, I'm patient.

bigpig41 · Jan 24, 2008

cover them shorts boys ............it'll sore if microsoft story turns out good!

2ez · Jan 24, 2008

Microsoft is good.

maybe $100 sooner than later.

bigpig41 · Feb 4, 2008

why didn't Rimm break way below its 200 day like the other three horsemen ???

Sniemiec · Feb 4, 2008

I'd like to see a move to $100 again (short) or $80 (long) before taking a position.

bigpig41 · Feb 21, 2008

Guess they blew-out all those shorts today