Sunday, October 31, 2010
The Play's The Thing (NASDAQ RIMM) (TSE: RIM)
Research In Motion was downgraded earlier this week at Oppenheimer from Outperform to Perform. The rating firm cited M&A probability as not being likely.
However, Research In Motion has been on a tear lately, as the stock has shown bullish momentum, and has continued to rise sharply over the past week.
Demos of the company's new PlayBook tablet device sparked interest among investors. The products new capabilities such as device pairing, and full Flash support are turning heads in the business world. The new device is aimed at corporations who wish to increase employee productivity by enabling them with the high powered tablet.
The PlayBook boasts a 1GHz dual core processor, two HD cameras (3 MegaPixel front facing and 5 MegaPixel rear facing), Wi-Fi compatibility, and a host of other features. RIM intends to offer 3G and 4G models in the future. The device is set for release sometime in Q1 of 2011.