Research in Motion Aiming at Larger Goal?

Digging through a 6-K filing made with the Securities & Exchange Commission by Blackberry maker Research in Motion (RIMM) on Friday, UBS Securities wireless technology analyst Maynard Um thinks the company is “aggressively investing to become a more significant player in the handset market,” as he writes in a note today.

Um says that management’s discussion in the 6-K of the company’s fiscal first quarter, reported last Thursday, contains some detail about what’s known as “purchase obligations and commitments,” or POC, that RiM has outstanding — basically, money it’s pledged to spend on parts and on contract manufacturing. The total amount of POC is up 53% from the prior quarter, which Um takes as a “directional” indication of “a large upcoming ramp in units” at RiM.

Um doesn’t say what sort of “more significant player” he thinks RiM will be, whether they will simply be more successful at smartphones, or if they are venturing into other categories of “handsets.”

Comments

[jonyjo]

TIME TO BUY OR SELL RIMM??

[Tom B]

Sell. RIMM may well rise over the next year, but who's going to rise MORE, RIMM or AAPL? Why not go for the better return, AAPL?