Research In Motion's Dangerous Waiting Game

UBS was of a similar mind after its meet-and-greet with Heins, noting that it was "refreshing" that he seems more willing to engage with Wall Street than his predecessors but the firm still sees a tough road ahead of RIM over the next two-to-three quarters and wasn't sold on Heins's idea of what it's going to take to turn things around.

"We remain unconvinced that increasing market expenses will win consumer mind share and reverse the waning momentum in the US," wrote UBS, which has a neutral rating on the stock with a price target of $15.50. "While international momentum could sustain, that alone is unlikely to fortify the business model as evident by the challenges of the past few quarters. Success with BB10 in the US will be critical."

At this point, it's fair to ask whether the day when Research In Motion does once again inspire belief -- on Wall Street or anywhere else -- will ever come.

Check out TheStreet's quote page for Research In Motion for year-to-date share performance, analyst ratings, earnings estimates and much more.

--Written by Michael Baron in New York.

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