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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Garry O'krafka who wrote (644)2/24/2000 7:02:00 PM
From: nauset  Read Replies (2) of 989
 
MER's comments on RIMM today:

> Merrill Lynch
>
> Research In Motion (RIMM; $134 1/8; D-2-1-9)
> Feb00E$0.16ÿ 01E$0.40
> * Nortel today issued a press release stating that it and RIMM have
> deepened their relationship to include both a marketing and technology
> collaboration, in addition to Nortel's investment of $25mil in RIMM last
> month.
> * We believe the impact of this agreement will not be felt until early
> to mid 01, when packet switching technology becomes available in Europe.
> * In the meantime, the two companies will be developing technologies
> to faciliate 2.5 and 3g infrastructures including the devleopment of a
> wireless portal.
> * While we believe the agreement has little near term impact, it
> positions RIMM to be on the leading edge of wireless data deployment
> worldwide, in our opinion.
> * In the near term, the company is working on additional OEM marketing
> agreements that could be announced soon,ÿ and could possibly impact the
> stock and our estimates.
> * We reiterate our Accumulate/Buy rating.
> (S. Milunovich/W. Crawford)
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