Research In Motion may launch new BlackBerry devices this week at its Capital Markets Day in Orlando, Florida, in conjunction with its Wireless Enterprise Symposium event, according to a new report from UBS.
The firm also raised its rating on RIM from “neutral” to “buy” based on a variety of factors, including what is said was a lack of competition for BlackBerry in the enterprise market and pent-up replacement demand for BlackBerry devices. RIM's stock was up slightly following the news to around $72 per share.
“We expect the key announcement and potential catalyst to involve new device announcements, similar to last year's WES where RIM introduced the BlackBerry Bold,” according to the report.
The report also said RIM likely will introduce BlackBerry Enterprise Server (BES) version 5.0 and an upgrade for the BlackBerry operating system, and would provide more details on its new application store, BlackBerry App World.
RIM posted stronger-than-expected results for its fiscal fourth quarter, with net income of $518.3 million, up from $412.5 million in the year-ago period. RIM had revenue of $3.46 billion, up from $1.88 billion a year earlier and above analyst estimates of $3.40 billion.For more:
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