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Investing

Research in Motion Offers Comments (RIMM, AAPL, GOOG)

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By Paul Ausick Published
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Shares of Research in Motion Ltd. (NASDAQ: RIMM)have lost about -75% of their value in the past 12 months, but the company is trying to make up some of the loss in the early days of the new year. Since January 4th, shares are up about 7.5%, and the company is hoping for more.

In comments at a meeting with analysts from Sterne Agee, the smartphone maker said it plans to deliver a new version of its PlayBook tablet operating system next month. The new tablet OS, which competes with the iPad and iOS operating system from Apple Inc. (NASDAQ: AAPL), will include support for Android apps, compatible with the Android operating system from Google Inc. (NASDAQ: GOOG).

Sterne Agee rates RIM as ‘neutral’ and is still concerned with transition issues related to the release later this year of the company’s QNX-based BlackBerry X operating system. Stiffer competition from Apple and Google also weigh on RIM’s outlook.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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