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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Hawkeye who wrote (255)	8/19/1999 9:29:00 PM
From: New Economy	Read Replies (2) of 989

It is rare that a stock trading close to its 52 week high would be considered a takeover target. Not what I would consider a bargain. Companies like 3Com and Newbridge might be takeover targets because their stock prices have been oversold and therefore a bargain for the buyer. If you were a buyer, would you pay close to $3 billion for RIMM? I remember when there was speculation that NN was a takeover target. Large lots were trading hands and the stock climbed 20% but as soon as the company released a news release that they were not being taken over but they were in talks of taking over Stanford. Bang the stock dropped hard. Stocks that climb due to takeover speculation drop just as hard. Research in Motion Ltd - NP says Sprott's Eric Sprott sells Research In Motion Research in Motion Ltd RIM Shares issued 62,165,317 1999-08-03 close $32.25 Wednesday Aug 4 1999 The National Post reports in its Wednesday edition that the resurgence in the cyclical/resource sector of the Toronto Stock Exchange is well under way and rotation of these stocks should persist, says Eric Sprott, president of the Toronto-based brokerage firm Sprott Securities Ltd. He considers that the picture in North America has changed from one where inflation was benign to one where it is escalating. Mr. Sprott is recommending energy services companies. These are a play on the rebound in oil prices and on the strength in natural gas prices. In keeping with his concerns about inflation and the possibility of further increases in North American interest rates, Mr. Sprott is avoiding interest-sensitive stocks such as the banks. He is also wary of e-commerce stocks, which he thinks could decline further. Finally, he has a sell recommendation on Research In Motion Ltd., which develops two-way pagers for use in data communications systems. "This stock had a big runup, but I think that that is it, for the time being." Fundamentals: Earnings Growth The avg forward P/E for the Telecom Equip Sector is 69.9 The forward P/E for RIMM is estimated to be 126 X. Currently Over-priced The current P/E for RIMM is over 200 X trailing earnings of .10 a share !

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