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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: The Other Analyst who wrote (711)5/30/2000 12:23:00 PM
From: jhg_in_kc  Read Replies (1) of 989
 
Could this explain the weakness?Downward Motion
Motorola's (NYSE:MOT - news) announcement of a cheaper ($200 vs $300) device similar to Research in Motion's popular Blackberry dealt a nasty body blow to Research in Motion. Motorola's Talkabout T900 will allow email and limited web access. And it comes in ``icolors'' for those who either shun basic black or wish to make a fashion statement.

Research in Motion's stock was $160 on March 1, 2000, but it's closer to $25 today.

It has been a rough couple of months. Motorola's announcement was just what the company didn't need. Not as if competition wasn't going to challenge Research in Motion, either through a new device or the convergence of similar features through a cell phone.

One thing's for sure. The company is no longer a cult -- it's a business and before investors dive in, they should wait for its response to this latest development. The company's relatively small size, market share and aggressive marketing should serve it well against the Motorola behemoth rollout. The game's afoot, and Research in Motion, at least for now, is still in the fray.
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