Tuesday, January 12, 2010
RIMM Extremely Attractive
1/11/2010-Following day 2 of the annual Consumer Electronics Show (CES) in Las Vegas, Citigroup analyst Jim Suva issued the following statement regarding shares of Research In Motion (RIMM).
Suva said, "A major focus by RIMM is to improve on their internet web browser experience. Recall RIMM acquired Canadian webkit provider Torch Mobile in August 2009. We expect RIMM to launch a new web browser in calendar 2010. Carrier promotions continue w/subsidies & BOGO. Verizon pushed Droid for Christmas, but has not stopped promotions with RIMM though there was a shift as Droid achieved hero status. RIMM is seeing some minor improvements in enterprise spending."
I've stated in previous posts, that RIMM is and will continue to be the leader in enterprise sector and as the 'global' economy improves they will profit.
In the chart below RIMM should start to garner more attention at extremely attractive levels on this pullback. The stock is very cheap on a relative valuation to the competition. read past post