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BlackBerry Limited Message Board

  • Investor_Stocks Investor_Stocks Mar 6, 2006 8:12 PM Flag

    Longs - Read This...

    You guys probably expected something negative, but take a read (especially the next to last paragraph). Hold your shares (at least throuigh Friday) because we are headed higher.

    For you shorts: YOu will probably interpret this as a sell. O well, that is why there's a thing called "natural selection."

    UBS Investment Research analyst Robert Dennison said with litigation out of the way, investors will focus on fundamentals, particularly market size, subscriber growth, and competition.

    "From a fundamental standpoint, we expect subscriber growth to ramp in the coming quarters, largely from pent-up demand," Dennison said in a note.

    Canaccord Capital analyst Peter Misek downplayed worries that RIM's market-leading position is under immediate threat from competitors.

    "During all this big hullabaloo, you didn't see a single competitor announce a major customer win," he said in an interview. "The second thing is that not a single customer switched or decommissioned."

    Misek also pointed to pent-up demand for BlackBerrys as potential customers preferred to wait out the court battle rather than choose a competing product.

    "Perversely, the lawsuit highlighted how much better and technologically advanced RIM products are," Misek said, adding he doesn't see much real competition for RIM in the next 12 to 18 months. "After that, who knows."

    FTN Midwest analyst Ben Bollin said it is likely that customers who had been looking at non-BlackBerry alternatives "will return to and deploy BlackBerry products."

    In the meantime, analysts have their sights on an electronics trade show in Germany on Friday, where they expect RIM to unveil a new multimedia BlackBerry, as well as on RIM co-CEO Jim Balsillie's comments that the company will announce "a raft of launches and partnerships" over the next 30 days.

    "I think as these device announcements that we're expecting out of RIM emerge, the stock is going to continue to move higher," said Misek, who has a $95 target on the share price.

    Shares of Palm Inc., whose Treo phone might have benefited from a shutdown of BlackBerry service in the United States, fell 6.7 percent to $39.14 on Nasdaq on Monday.

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