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

Two big no-shows are threatening to take the juice out of the big BlackBerry jam Monday in Orlando.

The Research In Motion (RIMM) analysts' day show isn't over yet, but there has been no word of the hotly anticipated introduction of two new BlackBerries -- Tour (Niagara) and Apex (Pearl Flip).

As TheStreet reported last week, RIM was expected to unveil its newest products, both targeted for Verizon (VZ - Get Report), this week at the annual Wireless Enterprise Symposium. Last year, RIM used the event to lift the curtain on its 3G BlackBerry Bold.

Signs of the new phones could ease Wall Street's apprehensions about new products RIM needs to keep the sales momentum going.

Verizon, however, is still expecting RIM to deliver the Tour and Apex phones in the second quarter, according to a person close to the company. Earlier is better for RIM as it faces tough competition from a new Apple (AAPL - Get Report) iPhone, as well as Palm's (PALM) Pre phone and a few new devices from Nokia (NOK - Get Report).

The appetite for smartphones seems to be growing, and RIM's contagious mobile email service has started to catch on with consumers.

Research In Motion told analysts Monday in Orlando that phone companies are reporting that 60% of new phone sales are smartphones.

In a separate report, RIM's BlackBerry Curve outsold the red hot Apple iPhone in the first quarter, according to NPD retail data released Monday.

A few new phones and importantly, no delays, are key to helping keep the BlackBerry party rolling.

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 $131.67 1.10%
NOK $7.66 -1.40%
VZ $50.30 0.54%
FB $82.20 0.82%
GOOG $556.13 -1.60%

Markets

DOW 18,062.46 -17.68 -0.10%
S&P 500 2,114.38 -3.31 -0.16%
NASDAQ 5,067.8950 -24.19 -0.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs