This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

RIM's Indigo a Likely Mood-Changer

Updated from 11:21 a.m. EST

If Research In Motion's (RIMM)spate of recent good news is an indication of things to come, its hecklers might have to do an about-face.

Last week, the BlackBerry maker came out tops among PDA makers in a Gartner research report and even settled its lawsuit against Samsung over its BlackJack phone name.

On Monday, the Ontario, Canada-based handheld device maker released its much-awaited successor to the Pearl.

RIM announced the first in its BlackBerry 8800 phone series, a device code-named Indigo. The device will be offered by AT&T (T - Get Report) starting Feb. 21.

Shares of RIM were recently trading at $133.41, down 80 cents, or 0.6%.

The debut of Indigo could help RIM break out of the price range of $128 to $137 that it's been stuck in since the beginning of 2007.

"Indigo is an important evolution because it offers refinements that make it probably more attractive to business users who also want a device to suit their personal needs," says Michael Abramsky, an analyst with RBC Capital Markets.

"It is also a step-function change in form factor and usability," says Abramsky, whose firm makes a market in RIM shares.

And according to RIM's own outlook, the timing seems right.

The company is targeting the end of its current, or fourth, quarter and its early first quarter for its new product launches, CFO Dennis Kavelman said during RIM's third-quarter earnings conference call in late December.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
NOK $7.64 -2.80%
T $32.82 0.61%
AAPL $124.24 0.70%
FB $83.01 0.11%
GOOG $555.17 -0.65%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs