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RIM Soars on Industry Support

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Don't look now, but BlackBerry maker Research In Motion  (NASDAQ: BBRY  ) just jumped 13% on absolutely massive trading volume. The troubled stock may have lost 86% of its value in five years, but it's up 75% since the end of October.

Maybe there's life in this supposedly dead stock yet? That would be a huge surprise to us skeptics.

Well, let's consider what pushed RIM higher on Friday. Sprint Nextel  (NYSE: S  ) just announced that the third-largest American network will indeed carry the upcoming range of BlackBerry 10 phones. That completes a sweep of the top four operators, since T-Mobile, AT&T  (NYSE: T  ) , and Verizon  (NYSE: VZ  ) all officially climbed aboard the BB10 bandwagon last week.

No surprises there, given that all four already sell older BlackBerry gear. Still, it's always nice to see some industry support for a new and supposedly revolutionary product.

On top of that potential catalyst, RIM got some positive media coverage as an analyst roundtable on CNBC sent good vibrations over the TV airwaves. The pundits reported hugely bullish options trading and a "speculative" tint to the big jump but never suggested that there was anything wrong with that.

The proof is in the poutine. The Canadians will launch BB10 by the end of January, and then we'll see just how supportive the wireless networks really are.

So far, the outlook is mixed. T-Mobile USA CEO John Legere is "extremely optimistic that it's going to be a successful product," and AT&T handset chief Jeff Bradley did his best Spock impression: "It's logical to expect our current (BlackBerry) customers will have the best BlackBerry devices to choose from in the future," he told Reuters.

But Verizon CEO Lowell McAdams seems far less excited. "We're hopeful it's going to be a good device," he said at the Consumer Electronics Show. "We'll carry it." Just don't expect any fireworks on launch day, I suppose.

Recent history shows that even a totally committed launch party with hero devices and confetti doesn't guarantee huge sales. Just ask Nokia  (NYSE: NOK  ) how its widely touted Lumia 920 launch turned out, but watch out for spitballs and rotten eggs in response. A similar flop for the BB10 platform would be an absolute disaster; RIM really needs this white knight to deliver in spades right away.

Like RIM, Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide whether the company is a buy or sell. To get started, simply click here now.

Read/Post Comments (11) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 12, 2013, at 1:01 PM, jus2bhere wrote:

    RIM is a buy. BB10 is a solid piece of software and customer demand has been pretty good. Also, Windows 8 has not been warmly embraced which leaves a bigger opening for Blackberry. This is not a Nokia or Palm situation.

  • Report this Comment On January 12, 2013, at 4:26 PM, digitally404 wrote:

    BB10 is already supported by many more carriers than Windows 8. It also already has more apps than Windows, and it hasn't even officially launched yet.

    Everything I've read points to a strong backing of BB10 by carriers and developers. I've talked to a few developers and each were thoroughly impressed with the phone and convinced that it's the best phone out there...

    I'm a consumer, and I'll be upgrading to it. Why? 2 main reasons: integrated inbox, and the best web browser on market (much faster and standard compliant), two features I am looking forward to.

    And I'm not alone on this one. I wouldn't be surprised if you, Anders, own a BB10 in the end.

  • Report this Comment On January 13, 2013, at 2:01 AM, jwyoungy wrote:

    I pre ordered my bb 10 phone at best buy today. They claimed that the demand for the bb 10 was higher after the first 24 hours than it was for the i phone 5. The i phone is getting old as is android. I know bb 10 will do will in Canada, I just hope it does well in the U.S. because that is where the numbers count. P.S.- $799 CDN and released on Feb. 28 acording to the most recent figures

  • Report this Comment On January 14, 2013, at 8:58 AM, TimKnows wrote:

    It doesn't hurt that i Phones are now "uncool" for the teenage group, when they move on, its downhill for Apple. Would you rather own Apple shares and lose a ton of money this year or an exciting new company with no US market share and the best experience on the planet? RIM will be a huge success this year and Android and Apple are going to the dust bin.

  • Report this Comment On January 14, 2013, at 9:05 AM, magnaman1969 wrote:

    You guys at the Fool just can't stand the fact that BB10 is being touted as an iPhone5 killer can you?

    Better phone, better OS and you Apple fanboi's know that Apple has NOTHING in the pipe in the near term that can compete with the new Bb10 OS.

    Want some investment advice ?(That is why we are here right?) RIMM and sell Apple.

  • Report this Comment On January 14, 2013, at 9:07 AM, magnaman1969 wrote:

    Nokia is up 20% in the last week....what's wrong with that?

  • Report this Comment On January 14, 2013, at 9:08 AM, magnaman1969 wrote:

    Apple is down to 503 in premarket!!!

    Keep pumping it though!!

    Needs all the support you Fools can muster!

  • Report this Comment On January 14, 2013, at 9:16 AM, mirra88888 wrote:

    I am going to upgrade to BB10 as well. Many people I know in business are doing the same. Motley Fool Analysts have it really wrong this time. Add Cramer to the list of wrong people.

    I have Apple and Rim stocks. I am counting on Rim to make it big this time. The stock will be in 40s by the end of year. Maybe even more if the phone grabs as much attention with public as it has with any one who has touched the demo.

  • Report this Comment On January 14, 2013, at 9:28 AM, magnaman1969 wrote:

    BB10 is a game changer...

    Please see these videos which show where RIM is going with BB10...

    Please do some research

  • Report this Comment On January 14, 2013, at 10:18 AM, susan94 wrote:

    "Just ask Nokia (NYSE: NOK ) how its widely touted Lumia 920 launch turned out," The link to this subject refers to an article that was written September 12, 2012 BEFORE Lumia 920 was launched. This tells you how reputable Motley Fool is and how hurt they are loosing their shirt on Apple. Very entertaining to read when need to kill some time.

  • Report this Comment On January 14, 2013, at 9:15 PM, dd27 wrote:

    I have to agree with the comments so far -- as far as Rimm is concerned Fools have been very backward looking while advocating that a company is valued based on future potential. In other words you lot make no sense to me -- Not one of you (as far as I can see) has commented on the highly innovative features and new os of BB10.

    Have you all suddenly lost your abilities or can you just not see?

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