This Day On The Street
Continue to site
ADVERTISEMENT
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

Tech Rumor of the Day: RIM

As Research In Motion (RIMM) gets set to open its annual Wireless Enterprise Symposium in Orlando next week, analysts and gadget fans are expecting an introduction to the BlackBerry Niagara.

This will sound familiar to Tech Rumor readers who may recall that TheStreet.com reported last month that the Niagara, a so-called 3G world phone, meaning it works on U.S. and European networks, will be available in May at Verizon (VZ - Get Report).

But while the Niagara announcement is expected, RIM has another product surprise in store. Apparently the BlackBerry maker will also unveil Apex, a flip phone for Verizon, according to a source familiar with the company.

The Apex is also a 3G phone and similar to the Pearl Flip at Deutsche Telekom's (DT) U.S. wireless unit T-Mobile, according to the source.

Assuming there are no delays, the arrival of two new BlackBerries in May will help both RIM and Verizon gain some ground ahead of several hotly anticipated new smartphones expected in the coming months. Apple (AAPL - Get Report) is expected to introduce a new iPhone this summer. And Palm (PALM) is due to unveil the eagerly awaited Pre phone as early as next month.

And, come fall, Nokia (NOK - Get Report) is expected to introduce three touchscreen smartphones aimed directly at Apple and RIM.

The Apex and Niagara could give Verizon a boost as sales of the BlackBerry Storm cool off. Plus, the popular Curve has now been around for a year.

Verizon, which became the largest wireless telco in the U.S. with the acquisition of Alltel, has been the subject of recent speculation as big names like Apple and Microsoft (MSFT - Get Report) have reportedly been interested in discussing smartphone plans.

1 of 2

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
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
MSFT $41.62 0.00%
NOK $7.62 0.00%
VZ $48.90 0.00%
FB $80.78 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs