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9 pts

Opinion on  Research in Motion Ltd (RIMM)     Sector: Technology  >  Industry: Communications Equipment
Rimm Bullish Ahead of Christmas

Oct 10, 2008 07:58 PM UTC
Blokm2-seekingalpha2
Return Risk
-6.75% MID
Associate

JMP Securities’ Samuel Wilson repeated his Market Outperform rating and $80 target price. “As the lead holiday season product, distributed for free with contract at Vodafone, we believe this launch will drive a substantial uptick in RIMM sales,” he writes. Wilson says the phone is “designed as ammunition for carriers left out of the iPhone.” Oppenheimer’s Ittai Kidron, who has an Outperform rating on RIMM, asserts that “with strong carrier support this holiday season, we believe the Storm fundamentally changes the game” for RIMM.

Read more http://conquerthewallstreet.blogspot.com/2008/10/rimm-bullish...

RIMM:  This call was made on 10/10/08 @ $56.21
Rating:   Positive   $56.21 (10/10/08)
Gain/Loss:   -22.08% in 53 days
Target:   $85.00 (+51.22%) in Six months
Allocation:   4.7% of portfolio


Comments (1)

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sandiahead   80%     1 point   commented 12 days ago reply

I think people will be broke this holiday season and would rather give cheaper and more personal gifts than a cellphone. We'll see.

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