Research in Motion Isn't Dead

With the ascent of the Apple iPad,many have abandoned Research in Motion as hopelessly behind in the telecom space.We've seen a total catharsis of the stock,says analyst Kevin Smithen of the Macquarie Group.The sentiment has never been worse.Yet its international business grew 68% year over year and has never been healthier.
The Chinese,Asian and European markets are largely prepaid.RIM is more competitive in those markets.Foreign carriers do not have the spectrum the U.S. does.
We're frankly perplexed at the valuation at a multiple typically reserved for companies that are highly leveraged and cyclical at the trough of the cycle.We rate the stock as an outperform.
We're not optimistic about their hope for the U.S. consumer business,but our 12 month price target for the stock is 40.00.They have tremendous Blackberry momentum in Indonesia and Thailand.We think it's the product of choice in those areas,Mr.Smithen noted.
Macquarie Group,Ltd. is a full service financial firm operating in 28 countries.It cites its expertise,performance and growth as strong points for its global clientele and investors.The Australia-based company has 320 billion dollars U.S. under management.
Research in Motion(RIMM),Apple(AAPL),Macquarie Group,Ltd.(MQG)

NASDAQ Top Three

The top three performers on the NASDAQ exchange for 2007 were Intuitive Surgical(ISRG),Foster Wheeler(FWLT) and Research In Motion(RIMM).All three are still highly regarded by many investors.Their work is admired worldwide,which is a key to success in today's variable markets.