[RUMOR BOMB INSIDE] Jefferies Upgrades RIM (RIMM)
Misek at work again ... fasten your seat belts, whether he's right or not.(the point is not to discuss it ... but the effect it will have)
StreetInsider.com - Jefferies Upgrades RIM (RIMM) to Buy, Boosts PT; Getting Mega-Bullish on BB10
Research In Motion (Nasdaq: RIMM) is ticking higher early as Jefferies upgraded the stock from Hold to Buy while raising its price target from $13 to $19.50. Analyst Peter Misek noted that RIM's new BlackBerry 10 operating system will enable corporate email on Apple (Nasdaq: AAPL) iPhone and Google (Nasdaq: GOOG) Android devices. He notes that the market is unaware of this change, or may have been overlooking it.
RIM is also likely to add bring-your-own-device (BYOD) sandboxing, with BlackBerry Messenger on iOS and Android.
Edit/Note : Thanks to first responses, it is accurate to believe he's talking about BES environment only.
Update thanks to bungaboy
More bombs ...
“Our checks indicate that the carriers have agreed to volume commitments for the first two quarters post-launch,”
Our checks indicate that BB10 builds have been raised from 500,000/month in early December to 1 million to 2 million/month,” he added in his report.
Last edited by Superfly_FR; 01-18-2013 at 09:45 AM.Thanked by 13:
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- 01-18-2013, 06:12 AM #2
The wording suggests that it would be for Mobile Fusion enterprise customers. Maybe not for everyone?
Anyone, I can't believe that this guy (of all people) is jumping on the RIM bandwagon!
- 01-18-2013, 06:28 AM #7
- 01-18-2013, 06:32 AM #9
- 01-18-2013, 06:44 AM #13
Mixed feelings about this.
On a purely emotional level, it's gratifying (and faintly amusing) to see uber-skeptic Misek becoming a #bb10believer.
As an investor, though, I'm actually getting a little worried about volatility in advance of the launch, not to mention concerned that Misek's "conversion" may lead many to an unreasonable expectation. I'd way rather see a 15% jump post-launch on exceeded expectations (if that makes any sense at all).
- 01-18-2013, 06:52 AM #15
- 01-18-2013, 06:56 AM #16
Last edited by FanBlackBerrytastic; 01-18-2013 at 07:15 AM.
- 01-18-2013, 07:11 AM #17
Wasn't this already known? RIM had a job posting for an advanced IOS developer awhile back.
It's difficult to find a problem offering BBM through BES, they reach into other devices, get paid for the product/support adoption of BES10 . Next up: BBM Desktop?
- 01-18-2013, 07:27 AM #18
"Max Power doesn't 'cuddle'! You strap yourself in and feel the Gs!"
- CrackBerry Addict
01-18-2013, 07:42 AM #19
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FYI : stock broke $16 in premarket ...
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