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Two Ways To Play: New CrackBerry On the Way


Strengthening your portfolio in good news and bad.

According to Bloomberg, analysts at RBC Capital say Research In Motion (RIMM) is in the process of developing a flip-open BlackBerry that could potentially become the "Motorola Killer."

The device is projected to go on sale at the end of 2008 and will likely retail for under $150, analyst Mike Abramsky said in a note today. Amongst the many features, the phone will have a clamshell design in addition to two screens and a camera. Abramsky believes the phone might be a prelude to other designs such as one dubbed the "MediaBerry," which could better position RIMM in competing with Apple's (AAPL) iPhone.

In early April, RIMM beat analyst expectations with sales doubling to $6 billion on new products such as the Pearl and the Curve. The company managed to extend its user base beyond its typical business customers to smaller "soccer mom" type consumers and forecasted 2.2 million new subscribers for the quarter. Meanwhile Motorola's (MOT) total revenue fell 15% to $36.6 billion.

From the Bull Pen: Those bullish on RIMM can continue to play the upside. Sell-stops can be set below $120. Apple is also an option. Sell-stops can be set below $170. One caveat, however: Bulls are generally cautious as these stocks have had huge runs in the last month (10% and over 20% respectively).

From the Bear Cave: Bears with a high risk profile can press the downside in Motorola as well as Palm (PALM).

Have a good night!
No positions in stocks mentioned.

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