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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Constance Collard who wrote (186)	8/5/1999 9:13:00 AM
From: Alastair McIntosh	Read Replies (1) of 989

Constance, thanks for the link to Mark Evan's article.. I liked the following segment from the article: While most analysts are bullish about Research In Motion's business prospects, there are different views on the company's current value. Brendan Kyne, a portfolio manager with Driehaus Capital in Toronto, said the stock is "cheap" and there's plenty of upside left on the table. "Canadian analysts who had [the shares] as a sell at $10, $20, $30 or $40 clearly don't understand the business model," he said. "The stock has a lot of life left in it. It has been one of the Canadian technology developments embraced wholeheartedly by Americans." Scotia Capital analyst Mr. Urlocker said he rates the stock a "hold," and has a 12-month target price of $35 based on his approach to valuation. However, he adds that Research In Motion may soon have to be treated as a higher-multiple, U.S.-style stock because of its Internet exposure. Al P.S. Bought some RIM yesterday at $27.00 CDN for my RRSP

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