Research In Motion's Bumpy Uptrend Continues

The shares of Research In Motion RIMM, which I first wrote about on May 5, 2009, at a price of $77.07, remain a stock that's decidedly not for the squeamish. RIM's roller-coaster rebound continued during the winter, with the stock rising from $61 to test $70 resistance, before retreating back to $62. RIM's 2011 revenue will likely jump 35% to 40% on strong sales of BlackBerry wireless email devices -- a device that has become the standard in large corporations and public institutions, and that is gaining traction in the consumer segment. Unit sales and subscriber growth remain adequate, but average selling prices are likely to continue trend lower amid increased competition. Revenue from tablets also should begin to make their presence felt in 2011. In 2010, Research's revenue surged 35%. Continue reading the article.