2.18.2010

Hot Off The Press! RIM introduces new Browser, set to hit BlackBerry Smartphones from this summer onward!

Finally, what we've been asking for. A new Browser.

The software, which comes without a snazzy secret code name but nevertheless promises to be a revelation, certainly impressed Mike Abramsky with RBC Capital Markets.

"It appeared to us fast and robust, able to handle complex websites, while maintaining RIM's security and bandwidth efficiency upgrades," Mr. Abramsky said in a note.

Expecting delivery of the new browser to BlackBerrys in the summer, he was not surprised that RIM did not make a heavier marketing push, likely to "minimize impacts to sales momentum" and avoid any lulls in the channel ahead of launches later in the year.

"Timing affirms one of several pending catalysts as part of our upgrade thesis, and likely portends a strong back half of devices and services that take advantage of the new browsing experience," he said.

Mr. Abramsky maintains a "top pick" rating for RIM, calling it a rare opportuniy for investors to buy into the company with upside catalysts ahead.

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