RIMM UPDATE

Update on RIMM:China Telecom Corporation Ltd. lately announced that a sales agreement had been inked with Research In Motion Limited to sell BlackBerry and provide related service in China. >>READ

RIMM in my opinion is not only expanding it's global reach but is set to expand its product line as 4G rolls out. RIM recently bought a company that has a WebKit-based browser (like the iPhone, WebOS, and Android OS), which may signal an acceptance that wireless broadband is real and should be used.

So far, RIM's iPhone-like product, the Storm, has been a failure composed of an awkward touchscreen and old-fashioned UI not suited to the modern mobile world. However, I believe they are reinventing the BlackBerry -- or coming up with a separate platform for the iPhone/Android crowd -- that would be good for the industry and for users. Just imagine an iPhone-like device with the security, the manageability, and even the keyboard of the BlackBerry Bold 9700.

RIM has not yet formally announced the BlackBerry Tour2, but that hasn't stopped information about it from leaking out. >>READ
Thomas Weisel recently raised their rating on RIMM to overweight price target from $85 to $90, based on an 18X '10 eps of $5.04. Today they raised their AAPL target from $245 to $250 on a 22p/e based on '10 eps of $11.23. So...AAPL @ $209 to $250 represents a nearly 20% gain...while RIMM @ $67 to $90 a +34% move...hmmm???