I think as these device announcements that we're expecting out of RIM emerge, the stock is going to continue to move higher.
I think it was the initial blush on subscriber numbers. That's what caused the stock to sell off.
If true, the impact of this partnership could be extremely positive for RIM.
It appears to be that their business is chugging along very well in spite of what must be the biggest publicity nightmare a company can face.
From the retail channels and the enterprise channels, it's all starting to filter out. You can't keep any of that really quiet for very long.
After a string of unfortunate events for RIM, we believe the company has been boosted by the District Court's decision to elongate the final briefing timeline, while the Patent Office expedites its re-examination.
We continue to believe that Microsoft is a fiscal-year 2007 story and hence are maintaining our 'Buy' recommendation and our $32 target price.
In our opinion, the judge's comments were more ominous for RIM than NTP. In the end, we believe both parties have more to lose by waiting for a verdict.
This is an extremely positive development for RIM. The settlement basically makes the pre-warning irrelevant. There's a lot of pent-up demand for RIM products, and competitors have not been able to capitalize on this.
Even with all the bad news surrounding RIM, they have not been able to announce even one major customer that is switching services.
