[Dapper37]

RIM shares rally to a seven-month high as optimism builds
4 hours ago - Reuters
RIM shares rally to a seven-month high as optimism builds
TORONTO, Dec 12 (Reuters) - Shares in Research In Motion surged to their highest close in seven months on Wednesday, after Eric Jackson - a long-time bear on RIM's stock - penned an opinion piece on his now bullish stance on the BlackBerry maker.
Jackson, the founder of Ironfire Capital, in his article, said parallels drawn by some analysts between RIM and its now-defunct rival Palm are flawed, as Palm never really had the kind of installed subscriber base that RIM enjoys.
In his piece, published on Wednesday on the TheStreet.com, Jackson contends that RIM's new BlackBerry 10 devices - set to launch next month - have much better odds of success than Palm's Pre device, which failed to capture a following despite positive reviews on the device and its operating system.
Jackson, who was short RIM's stock for an extended period, argues that the positive sentiment building in RIM's stock ahead of the launch of the make-or-break devices is unlikely to dissipate in a hurry, as a large portion of RIM's 80 million subscribers are likely to upgrade to BB10 when the new devices are launched. Jackson said he now has a long position in RIM.
Shares in the company rose 5.6 percent to close at $13.31 on the Nasdaq - the stock's highest close since May 1. Its Toronto-listed shares rose 5.8 percent to close at C$13.14.
The stock has more than doubled in price since Sept. 24, when the shares were trading slightly above the $6 level in both New York and Toronto. The wave of optimism around BB10 has in recent weeks been bolstered by a number of analyst upgrades on the stock.
RIM is betting that the devices, to be launched on Jan. 30, will revive its fortunes, which have faded as in recent years as it has bled market share to Apple Inc's iPhone and devices powered by Google's market-leading Android operating system.
Waterloo, Ontario-based RIM says the new devices will be much faster and smoother than previous BlackBerry phones and will have a large catalog of apps. So far, feedback from both carriers and developers that have tested the devices has been largely positive. (Reporting by Euan Rocha; Editing by Dan Grebler)

[TomJasper]

Glad to see you're finally reading Crackberry.com Eric Jackson, and learning the truth bout BB10!

PS. Yacktman , you finally talked some sense into Eric,lol. Just ribb'in.

[Thunderbuck]

I've long been trying to dispel RIM/Palm comparisons. For one thing, Palm was on the verge of bankruptcy before HP bought them. For another, while WebOS definitely had a nice UI, the back end wasn't necessarily as settled.

In the end, HP wasn't committed to mobile. It wasn't a core business for them, and they're massive; it was relatively easy to cut them loose.

RIM'S a different situation. For one thing, it's STILL the dominant player in enterprise. That's no guarantee that they can stay there, but there have been just enough security issues with iOS and Android that CIOs will continue to favor RIM for at least the next few years.

The other advantage RIM has with BB10 is QNX, which looks to provide a stable platform with fewer security vulnerabilities. WebOS was good, but at it's core was yet another mobile Linux distro.

And of course, RIM'S got an installed base that Palm could only dream about, with its own network infrastructure that provides a profit center.

RIM =/= Palm

[Knightcrawler]

damn, all this optimism makes me wonder what'll happen at the upcoming financial reveal. Even if the results are bad, i don't think we'll see the stock go down now. Kinda sucks, cuz i was hoping to buy a ton if it hit 10 again.

[peter9477]

damn, all this optimism makes me wonder what'll happen at the upcoming financial reveal. Even if the results are bad, i don't think we'll see the stock go down now. Kinda sucks, cuz i was hoping to buy a ton if it hit 10 again.

The results would have to be surprisingly bad for it to drop significantly, I think. And if they were that bad, I suspect there'd have been a warning a week or two ago, as usual. Of course: who knows...

[Thunderbuck]

damn, all this optimism makes me wonder what'll happen at the upcoming financial reveal. Even if the results are bad, i don't think we'll see the stock go down now. Kinda sucks, cuz i was hoping to buy a ton if it hit 10 again.

I have to admit, as an investor I wonder if the run up of the last few days is sustainable. It's not that I think RIM isn't worth it; I just wonder if any potential bad news from the next conference call has been priced in.

OTOH, they had some pleasant surprises last quarter.

Regardless, I'm long on RIM myself. And very happy right now.

[Bold_until_Hybrid_Comes]

The pieces continue to fall into place

[Dapper37]

The people at RIM that are steering the ship are navigating like it's an F1 race!

[Bold_until_Hybrid_Comes]

The people at RIM that are steering the ship are navigating like it's an F1 race!

Yeah, hes like sebastian vettel