Evolution Message Board - Msg: 28701706

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Politics : Evolution

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To: Solon who wrote (32864)

2/1/2013 6:52:39 PM

From: 2MAR$

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RIM now called BBRY on monday beautiful buy & hold got sold down for "too little too late" getting into smart phones, they've taken a huge hit on their corporate subs down to 20% from 70% and snew phone isnt being released in march and has little chance of competing , very risky play that could go back to 18 or back down to $10 from here. Could very well be that people will say what a nice phone but not end up buying it with so many others that are faster & cheaper etc which is why it got sold down mercilessly but saved off 12.

out today:

Research in Motion software opportunities being overlooked, says Jefferies

Jefferies believes the market is focusing solely on Research in Motion's new phones and overlooking the company's software opportunities in mobile device management and bring-your-own-device. Jefferies estimates that success in these software opportunities could add $16 per share of value to RIM, which would be on top of the firm's $16 per share valuation should Blackberry remain an enterprise niche with strong services adoption. Jefferies has a Buy rating on RIM shares with a $19.50 price target.

Research in Motion downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse expects limited traction for Research in Motions' new BB10 devices and believes its major business model change in services will result in significant margin pressures, resulting in potential losses and cash burn. Price target lowered to $10 from $11.

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