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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM -- Ignore unavailable to you. Want to Upgrade?

To: Constance Collard who wrote (186)	8/5/1999 8:59:00 AM
From: arisetech	Respond to of 989

From: newsout@canada-stockwatch.com Date: Thu, 05 Aug 1999 02:55:25 -0700 Subject: Stockwatch: Research in Motion Ltd - In the News To: NP says RIM shares continue their decline Research in Motion Ltd RIM Shares issued 62,165,317 Aug 4 close $27.00 Thu 5 Aug 99 In the News The National Post reports in its Thursday edition that wireless technology manufacturer Research In Motion Ltd.'s share price slump got even worse as a general tech stock malaise accelerated the downward momentum. The shares fell 16.3 per cent yesterday, continuing a 35-per-cent, two-week fall from a closing high of $41.65. The recent slump has unwound only a small portion of the stock's huge runup, and the share price has held on to a 163-per-cent return year-to-date. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Constance Collard who wrote (186)	8/5/1999 9:13:00 AM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 989

Constance, thanks for the link to Mark Evan's article.. I liked the following segment from the article: While most analysts are bullish about Research In Motion's business prospects, there are different views on the company's current value. Brendan Kyne, a portfolio manager with Driehaus Capital in Toronto, said the stock is "cheap" and there's plenty of upside left on the table. "Canadian analysts who had [the shares] as a sell at $10, $20, $30 or $40 clearly don't understand the business model," he said. "The stock has a lot of life left in it. It has been one of the Canadian technology developments embraced wholeheartedly by Americans." Scotia Capital analyst Mr. Urlocker said he rates the stock a "hold," and has a 12-month target price of $35 based on his approach to valuation. However, he adds that Research In Motion may soon have to be treated as a higher-multiple, U.S.-style stock because of its Internet exposure. Al P.S. Bought some RIM yesterday at $27.00 CDN for my RRSP