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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

BlackBerry Fund Shows Signs of Life

"Silence won't cut it," he says. "RIM needs to beat the bushes to get large numbers of coders excited about building their businesses by developing software for the BlackBerry platform."

Talbot hopes BlackBerry's growth and popularity will attract developers. At the end of the quarter, the total BlackBerry subscriber account base was over 16 million, and the company already has an ecosystem of 1000 software developers, he says.

And it's still too early to call the game, says Michael Gartenberg, vice president and research director for Jupiter Research. "It's far, far too early to claim the victory for anyone," he says. "Unlike the PC desktop market, we are not seeing one dominant mobile platform."

"There are a lot of BlackBerrys out there, and funds and investments are only one part of the motivation to support a platform," says Gartenberg.

As can be seen by the thousands of programs in the iPhone's app store, developers are happy to create software for a device they find attractive, even without funding.

Shares of RIM closed up $6.50, or 5.1%, to $133.75 Friday. During the week, the company launched its much-awaited BlackBerry bold smartphone in Austria and Germany and is expected to bring it to North America next month.

RIM's stock is up about 17.6% since the beginning of the year, while Apple is down about 13%. Handset makers Motorola (MOT) and Nokia have lost 40% and 27.6% respectively this year.

4 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!
AAPL $126.60 0.15%
NOK $7.83 -2.85%
MSFT $42.36 -1.74%
FB $80.00 -1.48%
GOOG $567.68 -1.33%


DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

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