Analyst Insight: Barclays Sees Several Second Half Catalysts For Research In Motion (Rimm)

Published on Aug. 2, 2010
Channel: Tradethetrend
Category: News & Politics
Source: Youtube

In a research note to clients, Barclays said that it is expecting Research in Motion (NASDAQ:RIMM) to unveil the latest version of its operating system, OS6, on Tuesday when it launches its latest BlackBerry device, the 9800. The BlackBerry 9800 is expected to be combination "slider" device with a touch screen and a slide out qwerty keyboard. Barclays says its checks suggest an early launch followed by a significant marketing push by AT&T, noting that similar efforts by Verizon have moved 1-1.5M units.. Barclays said it also expects a low end 9300 and Storm 3 to also contribute in the second half, but said it has low expectations for a BlackPad tablet and clamshell device (9670). With respect to RIMM shares, Barclays says the North American story is improving and that there may be upside to current estimate with a P/E multiple below 10x. SmarTrend is bullish on shares of Research In Motion and our subscribers were alerted to buy on July 13, 2010 at $55.39. The stock has risen 3.9% since the alert was issued.