RIM's bandwagon charges ahead

This from Canaccord research earlier this week. If anyone in Waterloo at RIM is wondering why the 8800 isn’t selling (see note below), it’s because the keys feel like bubble wrap when you press them. You never know if you made contact or not, meaning missed keys or several of the same letters in a row as a user presses them over and over again, not knowing if the key had told the chip to add the letter in question or not.

“Research in Motion (RIM:TSX)

Jim Cramer for six. He has become so popular that groups of investment industry workers make restaurant reservations under his name. Mad Money’s stock-picking guru and cult favourite Jim Cramer has been aggressively touting RIM for some time. On Friday, three brokerages came out and took a shot at the “touting RIM game.” First, AmTech is encouraging investors to buy
RIM on the pull-back amidst a broader market correction. The brokerage firm has very high conviction that Q3 guidance will blow-away consensus, believing another substantial earnings revision is coming and the Street will move toward AmTech’s $10.00 pro-forma EPS forecast. Second, RBC Capital notes fresh checks suggest momentum remains strong. RBC noted that
RIM has a busy fall launch cycle, with over eight product launches. RIM may be readying handsets with new form factors and powerful multimedia. RBC believes the pending launches suggest RIM may provide healthy Q3F08 guidance. Third, Morgan Keegan said they conducted a broad-based demand survey of retail stores, and overall, demand trends at RIM continue to be
very strong at almost all of the stores they contacted. The Curve and 8830 products appear to be “home runs”, however, the 8800 appears to be in some kind of mobile phone purgatory.”

MRM
(disclosure – I own RIM)