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As of Thursday, RIM shares rose 17.3 percent in Toronto

While Research In Motion (RIM) has had a tough time keeping up with the likes of Apple and Google when it comes to smartphone software, the company seems to be having an easier time ramping up enthusiasm for its upcoming operating system and devices, BlackBerry 10 (BB10).

RIM shares spiked last week after Kris Thompson, a National Bank analyst, increased his price target on RIM shares from $12 to $15. This came shortly after Peter Misek, a Jefferies & Co. analyst, raised his rating and price target earlier in the week.

Why did Thompson raise his price target? Mainly because of the upcoming launch of BB10, which will be introduced on January 30, 2013.

"The new management team is executing by maintaining the BlackBerry subscriber base, managing costs and cash, and seemingly readying a February 2013 BB10 global platform launch," said Thompson.

As of Thursday, RIM shares rose 17.3 percent in Toronto. This was the largest percentage gain since April 2009.

This is great news for a company that seems to have had nothing but bad news over the last year or so. For four days in October 2011, BlackBerry users from around the world completely lost their messaging, browsing and email services. These three features are key to any business (or consumer) user, and proved to be a huge mark on RIM's record. RIM blamed the service troubles on an extremely critical network failure during a system upgrade

Since then, RIM co-CEOs Jim Balsillie and Mike Lazaridis stepped down and named the new CEO Thorsten Heins. 

Several companies and government agencies, which were the main users of BlackBerry devices, have dropped their BlackBerrys for iPhones and Android-powered devices. The Transportation Security Administration (TSA) ditched their BlackBerrys in May in favor of iPhones, Immigration and Customs Enforcement followed suit in September.
In October, the Defense Department left its BlackBerrys behind and chose to go with Android and Apple devices instead. Most recently, the National Transportation Safety Board (NTSB) announced that it is dropping its BlackBerry smartphones for a new fleet of iPhone 5s.

Source: Reuters

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RE: The huge manatee
By retrospooty on 11/26/2012 10:20:12 AM , Rating: 2
"Any idea if, make that when, the iphones and androids are hacked the government dept will keep it under wraps or let the world know they made a mistake."

You do realize that no top secret info is safe on ANY smartphone right? There is a simple rule with businesses and govt. agencies and any situation where security is important. Keep it off of your phone... Period. This goes for any and all phones from all makers.

RE: The huge manatee
By Uncle on 11/26/2012 1:06:53 PM , Rating: 2
Some have better security then others. Reason some countries insisted that RIM give them access to the private information of their clients. You don't hear them saying the same about iphone are androids,its a given.

RE: The huge manatee
By retrospooty on 11/26/2012 2:21:08 PM , Rating: 2
It is technically better security, but not worth it. It's still not secure and if its truly confidential and important, it cant be on a phone, any phone.

On top of that fact, RIM adds 2 additional layers of potenial failure and charges companies $20 per month per user.

EAS model (used my all smartphones except Blackberry)
- 100% free
Exchange server > Internet > users phone

Blackberry model (used my all smartphones except Blackberry)
- $20 per month per user
Exchange server > Onsite Blackberry Server > Internet > RIMM's master server > Internet > users phone

Its not hard to see why no-one wants it. Even RIM is allowing EAS on BB10 devices.

"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates
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