From RIM: BlackBerry Pearl 3G, Bold 9650..What About New OS?

Research In Motion has been in an upward trading channel since early November of 2009. Sure the leader has been Apple which has always been on the leading edge of innovation. Still depending on how you approach your trading, if one had purchased and held AAPL from November, it would have over a 40% return, versus RIMM's 22%. Now if one traded both stocks Apple would have returned 67% while RIMM about 60%.

Today's News: Research In Motion Ltd. saw its shares dip Monday morning following comments by the company's co-chief executive officer at an analyst meeting. Read  RIMM says it still has a few more things to unveil this week. “We will have more announcements, so I am not going to comment on further announcements,” Balsillie told Reuters. “[co-CEO Mike] Lazaridis will be doing a keynote … So I would tune into his keynote and see what he has to say.” more news

Is RIMM a BUY on this dip?

Research In Motion /Apple Followup

Apple has taken the spot light in the last few months first with the introduction of iPad and now the CMDA & 4G iPhone news. It's stock is hitting all-time highs. But lets go back to the Apple-RIM lows, specifically January 29, 2010. Apple hit $192.06 while RIMM hit $62.91 (closing prices) as of pre-market trading 3-29-10 $236.28 AAPL & $73.95 RIMM the gains have been 23.02% & 17.55% respectively. Don't forget Research In Motion reports Wednesday and should rally off a better than expected report. Below is a chart from the Jan 29 lows to March 29 close.
Research in Motion Likely to Beat Estimates >> READ

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???

RIMM vs AAPL

Itz Pix Portfolio exited Apple (AAPL) this week as it dropped below the $190 stop. Apple rallied 4% today on an Oppenheimer report that it may start production of its tablet in early 2010, however it maybe already factored into its stock price (*see video clip below). In after hours trading Apple was down $5.00 ($192.77).
Itz Stock Chartz has suggested RIMM in its portfolio, granted although RIMM is mainly a wireless company, Apple is also into pc's to be fair. Research In Motion is most famous for its Blackberry.
RIMM expects to earn $4.15 this year and $4.81 next year, as for AAPL $7.78 & $9.40.
For Apple that's a 20.8% YOY growth and it trades at 25 times or 1.2 times growth. Now as for RIMM it's YOY growth is 16% and it trades for 15 times eps. If one were to use Apple's ratios, it would suggest it trade at a 19 P/E and the stock should be trading at $79 this year and $91 next year's earnings. RIMM is trading up 1 cent in AHT @ $64.14 from it's Wednesday close.

RIMM reports Q3 earnings next week, it has beat Wall Street analysts expectations for the last three quarters. While there is no guarantee it will continue doing so, I do think that the company can beat the third quarter estimate (which is $1.04).

2010 is going to be the year of "Mobility" and the market for smart phones will expand, even with Droid, the pie is growing and everyone will see more business. >>Read More