Monday, January 10, 2011

Research in Motion's (NASDAQ:RIMM) "Playbook" Impresses RBC Capital

After getting an in-depth look at Research in Motion's (NASDAQ:RIMM) Playbook as the Consumer Electronics Show, RBC Capital believes the offering will be very successful, saying its differentiation could be difficult to emulate.

RBC Capital said, "Hands-on PlayBook demonstrations at CES showed its differentiation in multitasking and performance, which may be difficult for Apple/Android to rival. RIM showed simultaneously running desktop/business applications, 3D games, 1080p video, mobile desktop, Flash-based browsing, apps – possibly a unique advantage, if this experience becomes 'Table Stakes' for Tablets."

RBC Capital analyst Mike Abramsky said it appears RIM was focused on getting the Playbook right from its beginning.

RBC has a "Top Pick" rating on RIM, which was trading at $62.09, gaining $0.41, or 0.66 percent, as of 2:14 PM EST. RBC has a price target of $90 on them.

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