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Research in Motion (RIMM) is downgraded to Sell at BMO, with price target cut to $9. Shares...

  • Friday, January 11, 7:10 AM ET
    Research in Motion (RIMM) is downgraded to Sell at BMO, with price target cut to $9. Shares -3.5% premarket.
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This news story has 26 comments:

  •  
    Really, that is one questionable call giving BB10 launch is weeks away. Another analyst playing favorites and giving their hedge fund clients another opportunity to cover there shorts before they get caught with their pants off.

    RIMM is as much as a sell is Apple is.....
    11 Jan, 07:16 AM Reply Like
  •  
    I have my doubts about this with the release on weeks away unless someone know something we all do not know. Apple users are getting burnt out with their OS and tiny screens, they are migrating to other devices and some of those will be RIM!
    11 Jan, 07:34 AM Reply Like
  •  
    Tiny screens? (RIMM)'s is no bigger than (AAPL)'s. Samsung Galaxy still has the largest screen.

    (RIMM) phones are used mainly for text since the keypad is ideal for text and there are still far fewer apps for (RIMM) than (AAPL). Smartphone success is based on apps.

    (RIMM) is losing out in North America and Asia, but is booming in Africa, where texting is far more important than apps.
    11 Jan, 09:59 AM Reply Like
  •  
    I bet you'll change your mind in 19 days.
    BB10 fulltouch (1st released) screen size is 4"2 (against 4" for iP5)
    BB10 range will expand in 2013 up to 6 devices and high/medium/low ends, addressing corresponding markets/areas.
    11 Jan, 10:08 AM Reply Like
  •  
    I bet he'll change his mind sooner than that.
    11 Jan, 04:46 PM Reply Like
  •  
    RIM is booming in South East Asia, Indonesia, Thailand, etc.
    I take a half glass approach to things, the potential for RIM in the USA is great, they can only go up and with BB10 they have a good chance .
    12 Jan, 11:23 AM Reply Like
  •  
    Hedge fund/ short covering...Nokia smacked a few yesterday so they are trying to stifle RIM.

    Won't work....lol
    11 Jan, 08:00 AM Reply Like
  •  
    Back up the truck in RIMM below $7.

    Trust me!
    11 Jan, 08:26 AM Reply Like
  •  
    maybe with a 2 for 1 stock split
    12 Jan, 11:23 AM Reply Like
  •  
    At least it's not an analyst downgrading the stock when it was at 6 bucks.

    I don't expect the BB10 launch to be a rip roaring success, the timing is terrible for them in the consumer market. There were 50M smart phone activations Xmas week, so not many will be looking for new phones or held off purchases waiting for the new BB10 phones. So Rimm is left hoping their enterprise customers will be looking to upgrade their phones by the millions.
    11 Jan, 08:27 AM Reply Like
  •  
    As far as I found, there is nothing special about the new (RIMM) phones being offered. Or did I miss something.
    11 Jan, 09:51 AM Reply Like
  •  
    yes you did.
    11 Jan, 10:09 AM Reply Like
  •  
    You missed something.
    11 Jan, 12:44 PM Reply Like
  •  
    Michael, IMO $RIMM will outperform (outperform is an understatement) I don't want to repeat what I said (you can look at my stock talk if you wish) but I was of your opinion just 2 weeks back, in fact, looking back I posted some very naive comments about BB10 just 2 weeks back and then a note from @bilton got me to really put on my thinking hat and dig deep into $RIMM's bb10 platform since then I have done a 180 degree turn on $RIMM. I have done a lot of due diligence during the last 2 week period and boy I am thoroughly impressed.

    This is my personal opinion so take it for what it is worth.
    12 Jan, 12:50 AM Reply Like
  •  
    Tiger there are over 1,000,000,000 active smartphone users world wide. Don't be preoccupied with 50,000,000 Christmas activation it's such a small population.
    12 Jan, 11:23 AM Reply Like
  •  
    In the end of the day, the more activations means the more money for the company. It's all about the money.
    13 Jan, 12:10 AM Reply Like
  •  
    I will be pulling out of BMO and moving my investments into another portfolio. Bank of Montreal analysts just lost my confidence. I may only have 100k but I will be sure to tell the bank manager why as I hand my bank card and BMO MasterCard over.
    11 Jan, 08:52 AM Reply Like
  •  
    Just remember, there is a fee for that.
    11 Jan, 09:52 AM Reply Like
  •  
    @bermont I hope that will send a signal to BMO to do more due diligence before making such calls. Some of the videos that I have watched on Bloomberg about $RIMM from so called "experts" are outright laughable and shocking - in technical circles that person would be labeled a complete idiot and outcasted. They have absolutely no understanding of technical matters whatsoever and these guys are called on the show as "experts" - god alone knows how some of these analyst can wear a confident face and talk such utter nonsense. The networks call these so called "experts" from both the sides to keep the discussion balanced - you be the judge, enough said.
    12 Jan, 01:04 AM Reply Like
  •  
    Are these guys living under a rock ?
    I believe not. So, unless they are totally dumb and blind (just try to find any renowned tech/business expert reporting anything but a very probable MASSIVE interest - not to say success) they are covering their clients shorts. Again.

    One day, this kind of usage will go on court. And that day, finance will earn back some shine and virtue and I believe, worldwide economy will feel much better.
    11 Jan, 10:00 AM Reply Like
  •  
    I can't believe when all analysts and naysayers are flocking to RIMM with upgrades you come with such a conclusion. You said that RIMM got nothing to offer more than what is already in the market. God help you, The many articles listings so many features and benefits that the BB10 will offer and each differentiate it from the competition.The many carriers that gave RImm thumbs up, the developers praise, the statements by Verizon and AT&T that they will carry RIMM.
    I don't know where you are coming with this brilliant opinion, leave alone the downgrade. I can not think of any good reason for your review except that you or the fund you are managing is short RIMM and trying to cover at a cheap price.
    Me too has a BMO portfolio that I will seriously consider moving it out.
    11 Jan, 10:28 AM Reply Like
  •  
    So much for BMO impact on the market.

    RIM at 13.12
    11 Jan, 12:46 PM Reply Like
  •  
    Really this I think is a foul play to get the price down so either shorts can be covered or buy at low so to get into the rally. Please dont fall for these kind of tricks. RIMM will be skyrocketing pretty soon and this is just an attempt to stop that to cover shorts or buy cheap. Ny bet is by end of next week, RIMM will be hitting $14-$15. beware of these cheap tricks.
    11 Jan, 02:27 PM Reply Like
  •  
    Getting close to 14. but we're running out of clock.
    11 Jan, 03:51 PM Reply Like
  •  
    Tomorrow! 14.37
    11 Jan, 06:59 PM Reply Like
  •  
    If BB10 brings positive news this stock is going up and likely very quickly
    Keep an eye on BB10 shipments in Q4 (February) and if RIM provides Q1 and FY guidance, if they return to profitability in 2014 then the share price will hit $30 this year if not higher
    12 Jan, 10:27 AM Reply Like
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