Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Banc of America Starts Research In Motion with 'Buy'


Banc of America initiated coverage of Research In Motion (RIMM) with buy and a $118 target.

Analyst Tim Long says although the handheld-device maker has had a great run, he expects more upside as enterprises, carriers, and licensees ramp up their Blackberry services. He expects enterprise spending to improve in 2004, with efficiency-enhancing technologies like Blackberry leading the way. He sees upgrades to new, voice-enabled products continuing.

Long notes the company is shipping to over 25 carriers, including 10 of the largest wireless operators in world. He sees 94 cents fiscal 2004 (Feb.) earnings per share, $2.47 in fiscal 2005, and $3.14 in fiscal 2006 -- above consensus estimates of 93 cents, $2.32, and $3.03, respectively.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus