RiM’s “Bold” Sets up Strong Second Half, Says Citi

Not that you’d notice it from today’s stock action, but Citigroup analyst Jim Suva thinks BlackBerry-maker Research in Motion (RIMM) is setting itself up for a strong second half of the year with the introduction over the next several weeks of its 3G version of the BlackBerry, the “Bold.” Suva notes the introduction of the product in Germany already, and Austria next week. “We expect a rolling international launch in the next few weeks and will target very high-end connsumers and enterprise, but note that enterprises will likely test the devices for some time before rolling it out in full.” Suva notes this is the first “new signficant” product introduction since the BlackBerry Curve in May of last year. In Suva’s view, the Bold “removes significant overhang from RIM shares and should counter fears of rampant ad spending that... [read full story]