Research in Motion's (RIMM) Bold device is on shelves in Germany and hits Austria next week. Citigroup's Jim Suva says it puts to rest fear among investors that the launch would be delayed.
He writes: "We believe actual launch removes significant sentiment overhang from RIM shares & should counter fears of rampant ad spending that has served as add'l stock overhang."
Suva likes the Bold's feature mix, including improved browsing and functionality that should appeal to business travelers because it now works in South Korea and Japan.
Bold's European launch is just the first of several expected during the second half of the year, including a touchscreen Thunder and a clamshell Kickstart model set for release during the vital holiday season. Suva calls those two events "likely positive" for RIM shares.
Bob @ Aug 09, 2008 14:46:40 PM