Friday, September 4th11.6°C
27215
26015

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 TSX13485.54-110.87
S&P CDNX553.22-0.53
DJIA16080.60-294.16
Nasdaq4678.59-54.90
S&P 5001918.77-32.36
CDN Dollar0.7541-0.0038
Gold1120.00-3.70
Oil46.39-0.36
Lumber233.90+1.00
Natural Gas2.675-0.050

 
Okanagan Companies
Pacific Safety0.205-0.015
Knighthawk0.010.00
QHR Technologies Inc1.23-0.01
Cantex0.04-0.01
Anavex Life Sciences1.16+0.05
Metalex Ventures0.05-0.00
Russel Metals21.14+0.05
Copper Mountain Mining0.59-0.01
Colorado Resources0.075-0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp2.62+0.12

 





FEATURED Property
2403487Beautiful lot at the lakes
$185,000
more details
Click here to feature your property
Please wait... loading


The ball and chain

I have been pleasantly surprised of late to speak with business owners who understand the impact of fixed versus variable costs. A fixed cost is one that must be paid each and every month regardless o...


Where does the money go?

Photo: Thinkstock.comOne of the major components of business relationships that involve money are the fees in the investment industry. There is currently a quiet battle being waged between the practit...


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...

_








Member of BC Press Council


26708