Tuesday, August 4th26.7°C
27107
24949

RIM continues its climb

Shares in BlackBerry-maker Research In Motion are continuing their upward march.

RIM stock is trading up almost seven per cent, or $1.06 to $16.77 in the early going on the Toronto Stock Exchange.

The stock (TSX:RIM) has gained some 14 per cent since the close last Monday, and more than 170 per cent since hitting a 52-week low of $6.10 last September.

The recent surge comes as RIM prepares to unveil its new BlackBerry 10 operating system and line of smartphones on Jan. 30.

On Monday, president and CEO Thorsten Heins was quoted in a German newspaper as saying the Waterloo, Ont.-based company is still open to licensing its new OS, but not before the launch.

The paper also quotes Heins as saying the sale of RIM's hardware production arm is also a possibility.

On Friday, Jeffries & Co. analyst Peter Misek raised his target estimate for RIM to US$19.50 per share, from $13.

In a note to investors, Misek said he expects RIM to open its corporate BlackBerry email services to iPhone and Android devices, which would be a new revenue stream for the company.

BlackBerry 10 is widely considered a make-or-break product for the once dominant smartphone maker, which has seen its market share eroded by Apple and Android devices.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14487.80+19.07
S&P CDNX590.59-3.72
DJIA17542.34-55.86
Nasdaq5103.18-12.20
S&P 5002092.15-5.89
CDN Dollar0.7589-0.0011
Gold1087.00-2.40
Oil46.10+0.54
Lumber258.00-2.30
Natural Gas2.839+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.40-0.02
Cantex0.035-0.005
Anavex Life Sciences1.46+0.32
Metalex Ventures0.05+0.00
Russel Metals19.405+0.005
Copper Mountain Mining0.80+0.01
Colorado Resources0.085+0.020
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.085-0.010
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
21949562162 Alexander Place
6 bedrooms 6 baths
$799,999
more details
image2image2image2
Click here to feature your property
Please wait... loading


Mortgage policy changes?

There are rumours circulating again that the federal government may move to tighten mortgage insurance criteria. This is prompted by a recent article in the Financial Post. The housing market while b...


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...

_



26376

26376


Member of BC Press Council


27074