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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters RIM pressured as rivals ready new phones: analyst Tue Jun 2, 2009 11:37am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] TORONTO (Reuters) - Shares of Research In Motion will likely come under pressure in the next few weeks as two rivals launch new handsets to compete with its BlackBerry smartphone, an analyst says. "We expect RIM shares to face trickier waters over the next few weeks," Citi Investment Research analyst Jim Suva wrote in a note to clients this week. He said Palm is launching its Pre device with Sprint on June 6 and that Apple is expected to unveil a new version of its popular iPhone next week. "Both of these events may be akin to shooting the rapids for RIM shareholders," Suva wrote, but added: "rapids are inevitably followed by clear water." He advised clients to remain buyers of the stock with a $100 target price. "Near-term events aside, we think RIM is on right side of changing handset industry dynamics," he wrote. He said consumers are increasingly embracing smartphones and wireless carriers are eager to subsidize the handsets as well. RIM shares were 1.3 percent higher at $83.21 on Nasdaq. In Toronto, they inched 20 Canadian cents higher to C$89.76. ($1=$1.08 Canadian) (Reporting by Wojtek Dabrowski; editing by Rob Wilson) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Microsoft unveils full-body tracking for Xbox also on reuters Blog: Bankruptcy means never having to say sorry? Brewer launches $1-a-sip boutique beer Slideshow Slideshow: Images from the E3 show in Las Vegas More Technology News Google courts business customers with new products Publishers look to music lessons on digital content Microsoft unveils full-body tracking for Xbox RIM's CEO gets U.S. antitrust ok for Phoenix Coyotes Intel unveils chip for ultra-thin laptops More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Brazil planes spot possible debris from missing jet | Video Racial ruling looms large for Sotomayor High seas search for Air France jet with 228 aboard Brazil sights possible plane wreckage in Atlantic Car loses all four wheels on highway What happened to Flight 447? | Video China anger with North Korea echoes in the press North Korea's Kim moves to anoint youngest son as heir | Video China anger with North Korea echoes in the press UPDATE 3-Geithner tells China its dollar assets are safe Most Popular Articles RSS Feed Video Relatives of plane passengers gather U.S. becomes major GM stakeholder Vanished Airbus: search for wreckage Michigan residents react to GM Train passes over woman on tracks Big laser, bigger implications Air France airliner disappears Pakistan refugees escape Missing Airbus: anxious Paris scenes GM files for bankruptcy Most Popular Videos RSS Feed the great debate Bing just shows Microsoft still needs Yahoo Eric Auchard Microsoft's new Web search service Bing is a far cry from the general-purpose tool the company must build or buy to compete effectively with rival Google. Commentary We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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