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Jim Balsillie: market environment ‘Intense’, Bold selling ‘Really Well’

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RIM Co-CEO Jim BalsillieSpeaking at an investor conference earlier today, RIM co-CEO Jim Balsillie said the current market environment is rife with challenges that require careful planning.

“This is a more intense time than I’ve ever known — more variables, more need to navigate, more hands on the wheel, eyes on the road right now,” he said. “If you don’t, you do it at your peril.”

Based on the news we posted a few days ago, investors can’t agree on whether RIM is in a prime position for growth or ‘chasing Apple’. However, most agree that the current economic downturn will have a negative effect on sales.

UBS Investment Research analyst Jeffrey Fan cut his RIM revenue and earnings estimates today to reflect lower sales during the slowdown.

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Two very different takes on RIM’s stock

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It’s not uncommon to find two opposing financial analysts on RIM’s stock in even the best of times, so it should come as no surprise that during the current global economic crisis we can’t get two analysts to agree on anything.

First we have Apple shareholder Howard Lindzon of Knight’s Bridge Capital, who is not so much down on RIM as he is long on Apple. However, he does state that RIM is “chasing Apple”, and should not cannibalize their sales with the BlackBerry Bold and Storm, but rather focus on improving the BlackBerry Curve. Hmmm. (via Yahoo!)

Continue reading ‘Two very different takes on RIM’s stock’

Stockstream Mobile allows you to watch your crashing stocks in real time

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Gary Krakow and TheStreet.com have a great video introducing Stockhouse’s newest BlackBerry application, Stockstream Mobile. You may remember Stockhouse for powering Reuters’ Connection-Station BlackBerry application. Stockstream Mobile retails for $19.95 and you can download it at the link below.

Stockstream Mobile for BlackBerry

|via The Street|

RIM and TSX take a leap – buy your spouse something nice

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Toronto Stock Exchange

The best thing we can do in times of economic hardship is spend. Get the economy moving people! The TSX and RIM had a great day today and so should you. Buy your spouse something nice. Take that special someone out for a nice dinner. Or, better yet, buy yourself that BlackBerry Storm you’ve been craving for the past couple months. Here are the facts:

Research In Motion Ltd. (TSX:RIM), up $9.10 or 14 per cent to $73.10
TSX up 1,058.7 points or 11.7 per cent to 10,123.9

The news came shortly after President Bush announced the government would spend US$250 billion to directly buy shares in the country’s leading banks. I’m curious to see how this plays out in the long term.

(Via LondonFreePress)

Seeking Alpha torn over RIM

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RIM logo

It might just be a sign of where the economy is, but financial website SeekingAlpha has published two thoughtful, well written articles saying two completely different things about RIM’s future. First up is SA analyst Bapcha, who says that RIM is currently the cheapest growth stock:

Research In Motion (RIMM), the manufacturer of the (Bl/Cr)ackBerry, turned in some exemplary numbers. For the three months ended Aug 30, 2008 (RIM’s Q2, 2009), revenue was $2.58 billion, up 15% from $2.24 billion in the previous quarter and up 88% from $1.37 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 82% for devices, 13% for service, 3% for software and 2% for other revenue.

During the quarter, RIM shipped approximately 6.1 million devices, and grew their subscriber base by 2.6 Million. Awesome numbers. In fact, for fiscal 2009 [ending Feb 2009], top-line growth of 80% and a growth of 70% in EPS is at the low end of what the company thinks they can churn out [awesome]. For fiscal 2010 [March 2009 to Feb 2010], I think that a growth in revenues of 40% yoy and EPS of 35% yoy [assuming slightly lower gross margins moving forward] are for sure numbers that RIMM can deliver on.

However, fellow SA analyst Matt Stewart has prepared five reasons why RIM will continue to fall.

Five reasons RIM will continue to fall

TheStreet.com launches BlackBerry application!

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The Street for BlackBerry

While we may have a few issues with their Senior Technology Correspondent Gary Krakow, as well as a long-standing distaste for Jim Cramer, we know how popular TheStreet.com is with you financial types. Well, we’ve got some good news: no, the market hasn’t rebounded, but TheStreet.com now has a BlackBerry application! Check out some of the features below:

Categorized content sections such as Latest News, Jim Cramer, Winners & Losers, Analyst Upgrades & Downgrades
Personalized stock watch lists — where users can add or remove stocks to track daily performance
Quotes of the major indexes — The Dow, Nasdaq, S&P — and a quote search box for ticker price look-ups
Home-screen notification of new stories and updated content

The best part? TheStreet.com’s BlackBerry application is free! The second best part? It was made by our fellow Canucks at Polar Mobile. Good job, guys!

Download TheStreet.com BlackBerry Application

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