Friday, November 9, 2012

RIM takes 4% jump day after being declared "dead in the water"

Pacific Crest Securities is the go-to shop for Silicon Valley start-ups looking to go public.

So when one of their junior analysts wrote a disparaging opinion about Research In Motion the other day it was big news.

James Faucette declared the new BB 10 OS "dead in the water."

That's not unexpected coming from a shop that has championed android app providers and Facebook and the Silicon Valley status quo.

James might be right.

But he might not be.

What I hear from BB insiders is that they love the BB 10, and pretty much all of them own at least one Apple or android platform.

And RIM isn't a Silicon Valley start-up.

Their break-up value is still at least 50% above their market cap.

I'm still seeing a buy here. Worst case scenario sees a straight line going forward.

If BB 10 gets traction, the sky is the limit.

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