The Tide Turns: Another positive analysis of RIM
This is a substantial article which is essentially a synopsis of RIM's situation at the moment.
I've included the closing paragrahs of a very thorough analysis. It is well written and worthy of a read.
RIM: Making The Case For A Comeback - Seeking Alpha
Vision for the future
The team at RIMM has lost a lot of credibility over these last couple of years. The new CEO Thorsten Heins has slowly been at work picking up the pieces left behind by the former CEO team. By delivering on key dates in recent months and quietly assembling a team of seasoned turn around experts he is gaining some supporters as a CEO who can deliver. He recently outlined some vision of the future in Mobile Computing where the smartphone becomes your key tool in the workplace. He see's a future where we no longer have desktop PC's but rather employees coming to work and porting in their smartphone device to work with.
Research in Motion built this segment. Their fall from grace was filled with blundering missteps and missed opportunities. I think they have taken a step back and understand clearly where they failed and have devised a strategy that can get them back in the game.
BB10 is their "Hail Mary Pass," and iI think they have enough receivers in the end zone to make the catch.
- 11-16-12, 03:48 PM #4
There was a Velocity Alert on Bloomberg due to the amount of social network updates about $RIMM and stock price has risen to 9.23, up 5% since 14:30 EST
Sentiment is definitely changing for $RIMM but the stock price will probably take a dive next week due to short selling.
And we have this:
UPDATE: RIM (RIMM) Shares Ramp Higher on Market Chatter
2:54 PM ET, 11/16/2012 - (Updated - November 16, 20123:30 PM EST)
(Updated - November 16, 20123:02 PM EST)
Research In Motion Ltd (NASDAQ: RIMM) is ticking higher late Friday, shares now creeping into positive territory. The stock is up 2 percent on the session.
UPDATE - Market chatter is that a large fund is buying shares of RIM, though no specific names are floating around.
UPDATE 2 - Sources have said that the Chow Fund made some purchases about 20 to 21 hours ago, though the news hasn't been picked up yet. Since first reporting, RIM shares are up an additional 2 percent to about $9.14 Friday afternoon.
- 11-16-12, 04:26 PM #8
- 11-16-12, 04:32 PM #9
They've attracted a lot of attention with leaks and PR over the last 2-3 weeks. How do they keep this up - and build it even more - until Jan 30? I wouldn't have expected to see them deliberately build this much hype when we're still 2 1/2 months away from launch. It's going to be interesting to watch, and if they pull this off, not just in product but marketing, RIM will be the subject of books and business studies for many years to come.
- CrackBerry Addict
11-16-12, 05:15 PM #12
- 502 Posts
Anyway, this is Seeking Alpha. They publish a positive article today, but two days ago was a negative article. While the trend seems to be going tentatively positive for many analyses, I don't put much stock in anything from SA. It's just individual investors posting opinions for the most part - opinions that may have even less substantiation than most analysts provide.
I'm also interested in how the media seems to have taken Thorsten's 100,000 apps comment completely out of context. From the original globe and mail article:In my view it is really short-sighted to say, you have 600,000, you have 400,000 and you only have 100,000 apps, so you are not good,” he said.RIM’s projected 100,000 apps - a record for any new platform at launch - will still be a fraction of those available on Apple Inc. or Google Inc. devices.
RIM aiming for 100,000 apps for BlackBerry 10 launch
Fortunately, I think the misinterpretation won't matter much. Technically app world DOES have 100k apps - but the subset that are for BB10 will be much smaller I suspect. Even in the article above, we see that Heins said what we've all known for a while they were targeting specific apps, not broad numbers.
Last edited by Marc_Paradise; 11-16-12 at 05:23 PM. Reason: formatting
@asaunders "we're building a team to handle tens of thousands (of apps) per month, ahead of (BB10) launch"
Not getting my hopes up but I'm willing to be surprised.
- CrackBerry Addict
11-16-12, 06:20 PM #15
- 692 Posts
Re: The Tide Turns: Another positive analysis of RIM
As my friends said, who hold London EU, you can find bunch of new apps showing on world apps at London EU everyday. from free, trial, to paid apps.
So 100k apps for blackberry 10 at launching is make sense. IMHO.
- 11-18-12, 06:43 AM #16
"Other platforms like Android and Windows 8 have recently been exposed as posing significant risk. A 16 year old Indian student just developed a maleware for the new Windows 8 platform that can steal data files, and read text messages. Not good news for an OS that just hit the market."
Wow, a 16 year old high school student. Smart kid!
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