TORONTO (Reuters) – Research In Motion Ltd, for months enveloped by a wave of negative sentiment, got a boost on Tuesday when one of its most influential critics raised his rating on the stock ahead of the launch of RIM’s make-or-break new line of BlackBerry 10 devices. The upgrade by Jefferies & Co analyst Peter [...]
WATERLOO, ONTARIO–(Marketwire – Sept. 27, 2012) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended September 1, 2012 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
RIM shares rose nearly 2% after Peter Misek at Jefferies & Co upgraded the company from “Hold” to “Buy”. Misek cites the new operating system with a good web browser, which can run on low end or high end devices which allows for developers to adapt programs made for other gadgets. He also states that [...]
Within six days from now it will be known if BlackBerry service will be banned in India by the Indian government. The reason the RIM ban is being considered is because the country believes that their communication security could be compromised by radical militants. RIM was given until August 31st to come up with a [...]