SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Imran who wrote (736)6/27/2000 5:20:00 PM
From: nauset  Read Replies (1) of 989
 
MER says good buying opportunity
> Merrill Lynch
>
> Research In Motion (RIMM, $45 3/4, D-2-1-9)
> 01e $0.18
> * We believe RIMM shares are down on profit taking following a
> competitors downgrade. That analyst cited increased spending in the next
> few quarters, which we discussed three weeks ago.
> * We anticipate that the company will have to increase spending in the
> next 2-3 quarters to fund the large sales opportunities RIM has. These
> include the addition of a sales office in London to address the new,
> incremental European opportunity. Today's British Telecom announcement is
> just the first in what we believe will be a number of deals for RIM in
> Europe.
> * The potential size of the European opportunity is on the order of
> what the company is doing in North America, so it is prudent for RIM to
> spend in advance to build a business there.
> * For British Telecom, we expect customers trials in calendar 2000 to
> be followed by volume shipments in 2001. Units estimates were not
> disclosed, but we believe the two companies could sell in excess of
> 100,000 units in 2001.
> * Given that the "street" now expects EPS estimates to fall following
> Thursday night's earnings conference call, we believe weakness provides a
> particularly good buying opportunity.
> (W. Crawford)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News