Analysts predict RIM to benefit from Palm Pre launch

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RIM executives

On June 18th, 2009 after the close of the market, RIM will be announcing their Q1 2010 fiscal results. The conference call and live webcast will begin at 5 pm ET, which can be accessed by dialing 800-733-7571 or by logging on at RIM.com.

Analysts at UBS predicted RIM’s first-quarter results for fiscal 2010 will benefit from the intensifying carrier competition that is driving subsidies and promotion for data-intensive devices.

“Although perhaps a little counter-intuitive, we believe the launch of the Palm Pre and Apple iPhone will benefit RIM due to increased carrier competition,” they said in a report yesterday.

The analysts not only expect Verizon to continue to promote BlackBerry, but that potential renegotiations between AT&T and Apple could also help RIM.

The stock has risen roughly 20% since early May, reflecting increasing bullishness around the quarter and guidance, but UBS noted that expectations are high for the second quarter as well.

“Although we maintain our view of potential upside from enterprise replacements medium-term, at current valuations we believe much of the near-term upside may be incorporated into expectations,” the analysts warned.

[National Post]

  • http://twitter.com/BlackBerryCool/statuses/2118079252 BlackBerryCool (BlackBerry Coo

    Analysts predict RIM to benefit from Palm Pre launch http://bit.ly/BI7vh

  • http://twitter.com/sufian/statuses/2118429441 sufian (Sufian Siddiqi)

    RT @BlackBerryCool Analysts predict RIM to benefit from Palm Pre launch http://bit.ly/BI7vh