Research In Motion TSE RIM Nasdaq RIMM Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (748)	9/25/2000 2:58:45 PM
From: jhg_in_kc	Read Replies (1) of 989

TORONTO (Reuters) - Shares in Research In Motion (NasdaqNM:RIMM - news) soared on Monday as investors bet that its two-way wireless pagers were a big step ahead of a similar device Motorola (NYSE:MOT - news) and Palm Inc.(NasdaqNM:PALM - news) plan to develop. Research In Motion's shares topped the charts for net gainers on the Toronto Stock Exchange, climbing as much as 21 percent to C$140.40. The shares were up C$16.15 at C$131.60, and up $10 15/16 to C$88 1/8 on Nasdaq. Motorola and Palm said early on Monday that they would collaborate on bringing to market by early 2002 a mobile phone with a large color screen that would incorporate the Palm software including calendar and address book features. Edel Ebbs, an analyst at UBS Warburg in Toronto said informal talk has pegged RIM releasing a phone including a personal digital assistant prior to 2002. Currently, RIM's 957 pager can send and receive e-mail through an internal modem and a small keyboard, keep track of appointments and addresses, as well as provide Internet access on a screen a bit bigger than a credit card. ``One factor (for the shares going up) could be that Motorola and Palm announced today that they are going to work on an integrated phone and PDA product to be unveiled in early 2002,'' said Ebbs. ``That timeline is pretty long, and it may be being perceived that RIM is better competitively positioned,'' she added. RIM will also release its second quarter earnings this Thursday. A morning research note released by US Bancorp Piper Jaffray analyst Samuel May on Monday said the company is on track to report strong results because of revenue from multiple sources. May reiterated his strong buy on RIM with a raised U.S. dollar target price of $90 from an earlier $75. Ebbs said she expects Rim to report a loss of 3 cents a share for its second quarter on revenue of $35.4 million.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next