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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

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).

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) 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) 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) have reportedly been interested in discussing smartphone plans.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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