RIM: Canaccord Upgrades as Storm Rolls In

October 8, 2008 at 4:04 pm PT

Research In Motion (RIMM) this morning announced that its new touchscreen BlackBerry, the Storm, will start shipping to Verizon (VZ) and Vodafone (VOD) later this fall. The device will be priced in line with the Apple (AAPL) iPhone at $199, and will match Apple’s 8GB of storage capacity.

Canaccord Adamas analyst Peter Misek responded to the news by upping his rating on the stock to Buy from Hold. Misek wrote that “the unveiling of RIM’s highly anticipated touchscreen handset should provide some much needed relief to the investor base.” He says the Storm news should boost Street confidence in estimates for the fiscal third quarter ending in November and the fourth quarter ending in February.

Other analysts also weighed in on the importance of the Storm.

Read the rest of this post

Tagged with: Apple, Barrons, Blackberry, Canaccord Adamas, Eric Savitz, frontpage, iPhone, Peter Misek, Research In Motion, Storm, Tech Trader Daily, Verizon, Vodafone

comments so far. Add yours.

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.