Rumors have begun to circulate that Research In Motion (NASDAQ: RIMM) will launch a new BlackBerry and a tablet PC to compete with Apple Inc.’s (NASDAQ: AAPL) iPad and iPhone.
According to The Wall Street Journal, “RIM is testing a touch-screen smartphone with a slide-out keyboard” and “RIM is also experimenting with a tablet device to serve as a larger-screen companion to its BlackBerry phone.”
And this...
BlackBerry and Apple Strudel?
By Bob Lang
Research In Motion is a stock loved by everyone. Well, everyone, perhaps, other than my opponent in today's bout of RealMoney Fight Club. It has been a momentum play for years, and with its high volatility, it's no wonder RIMM is a trader's delight. The downside moves have generated some very heady profits, as has the upside. The ever-present competition in the smart-phone space has put pressure on this leader of late. However, I believe we could see a nice jump in the stock from these levels into the remainder of the year as the stock may now, finally, be discounting any potential bad news. RIMM has underperformed significantly in 2010, mostly driven by a decline in its dominant share of the smart-phone market. Currently, the stock is down 10% since January, while key rival Apple is up 25%.
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