Additional Information
Market: TSX, NASDAQ
Sector: Telecommunications Equipment
EPIC: BB
Latest Price: 11.57  (-0.60% Descending)
52-week High: 13.74
52-week Low: 6.67
Market Cap: 6,110.70M
1 year chart
1 day chart
Blackberry
ca.blackberry.com

Blackberry is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, Blackberry provides platforms and solutions for seamless access to time-sensitive information including email, phone, short message service (SMS) messaging, Internet and intranet-based applications.

RIM shares rally ahead of BB10 launch

21st Jan 2013, 3:45 pm by Deborah Bacal
Its stock was lately up by 11% in late afternoon trade, at $17.44, at one point touching $18.38. Its stock was lately up by 11% in late afternoon trade, at $17.44, at one point touching $18.38.

Research In Motion (TSE:RIM) (NASDAQ:RIMM) shares surged Monday, days ahead of the launch of the BlackBerry 10 operating system, on which many analysts have taken a bullish stance. 

After a disastrous year that saw many smartphone users and corporations drop the Blackberry in favour of Apple Inc.’s (NASDAQ:AAPL) iPhone and Google’s (NASDAQ:GOOG) Android, RIM is hoping that the launch of its new BlackBerrys will help it claw its way back into the market and make it even more popular in emerging markets, where BlackBerrys are already the preferred choice. 

The release of the new Blackberry 10 (BB10) operating system phones is scheduled for January 30. 

Its stock was lately up by 11% in late afternoon trade, at $17.44, at one point touching $18.38. 

Traders were bumping the stock higher after reports that CEO Thorsten Heins said the company was keeping the door open to new alliances, which includes a potential sale of its hardware business and the licensing of its software. 

It also got suppport after analyst Peter Misek of Jefferies & Co. on Friday upgraded his recommendation to “buy” and boosted his share price target to $19.50 (U.S.) from $13 previously. 

The upgrade is the latest in a series of bullish analyst reports, as app developers and carriers are showing greater-than-expected support for the upcoming BlackBerry 10 system. 

Misek also cited the fact that RIM plans to enable corporate email to Apple's (NASDAQ:AAPL) iPhones and the devices that use Google's Android system. 

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here