Monday, May 12, 2008

RIM Tests New Highs - Launches New BlackBerry Bold Smartphone


Research In Motion (RIM) (NASDAQ: RIMM) announced the all new BlackBerry(R) Bold(TM) smartphone, to be released in Summer 2008. RIM is one of the Top 20 Innovators of The Innovation Index.

"The Bold is the first BlackBerry smartphone to support tri-band HSDPA high-speed networks around the world and comes with integrated GPS and Wi-Fi(R), as well as a rich set of multimedia capabilities."

Bold is the first 3G phone from Blackberry.

Bold Promises Superior Performance

"The BlackBerry Bold smartphone's support for tri-band HSDPA and enterprise-grade Wi-Fi (802.11 a/b/g) networks and its next-generation 624 MHz mobile processor" promise higher performance when downloading email attachments, streaming video or browsing multimedia web pages. "The BlackBerry Bold also includes 128 MB Flash memory plus 1 GB on-board storage memory, as well as a microSD/SDHC memory card slot(ii) that is conveniently accessible from a side door."

Bold has Improved Display

"The BlackBerry Bold smartphone comes with the most vivid and bold display ever introduced on a BlackBerry smartphone. Its half-VGA (480x320 resolution) color LCD is fused to the undersurface of the lens, making images leap out with stunning definition and clarity."

Bold provides Better Browsing

"With its newly enhanced, high performance browser and high-resolution, ultra-bright display, the BlackBerry Bold smartphone gives users an on-the-go web browsing experience with desktop-style depiction.... There is support for watching streaming videos (RTSP - real-time streaming protocol)."

Bold has Integrated Multimedia and Support for iTunes and USB 2.0

"The BlackBerry Bold features a 2 megapixel camera with video recording capability, built-in flash and 5x digital zoom. The enhanced media player can display pictures and slideshows quickly, play movies smoothly in full screen mode, and manage an entire music collection...

For managing music and video, the BlackBerry(R) Desktop Manager software includes Roxio(R) Media Manager for BlackBerry(R) as well as Roxio Photosuite(R) 9 LE, which makes it easy to enhance pictures and create photo albums on the computer. For users that manage their collection with iTunes(R), the new BlackBerry(R) Media Sync application provides a simple way to sync iTunes digital music collections with the smartphone(iii). Support for High Speed USB 2.0 allows all files to be transferred quickly from a desktop computer to the BlackBerry Bold smartphone."

Bold supports built-in WI-FI and GPS - Finally!

"The BlackBerry Bold smartphone supports the 802.11 a/b/g Wi-Fi standards, ideal for use in enterprise or campus wireless LAN deployments, over Wi-Fi hotspots and on wireless home networks. A new "Push Button Setup" is included, making it faster for users to connect to protected wireless networks that require a sign on process.

Through its integrated GPS, the BlackBerry Bold smartphone can pinpoint its exact location, supporting applications like BlackBerry(R) Maps and other location-based applications or services. With its improved rendering capabilities, faster download speeds and ability to support simultaneous voice and data, the BlackBerry Bold smartphone even allows users to navigate while on a call."

Bold is a Better Phone

"The BlackBerry Bold smartphone features a new acoustic design that increases the size of the phone's audio sweet spot, improving listening quality and clarity. It also comes with numerous premium phone features including Speaker Independent Voice Recognition (SIVR) for Voice Activated Dialing (VAD), Bluetooth(R) 2.0, with support for hands-free headsets, stereo headsets, car kits and other Bluetooth peripherals. It is a quad-band EDGE and tri-band HSDPA handset that supports global roaming(iiii) and features dedicated 'send', 'end', and 'mute' keys, smart dialing, speed dialing, conference calling and call forwarding. It also features noise cancellation technology that offsets background noise, a powerful speaker phone and support for polyphonic, mp3 and MIDI ring tones."

Bold has Always-On Email & Messaging

"Bold works with BlackBerry(R) Enterprise Server, which enables advanced security and IT administration within IBM(R) Lotus(R) Domino(R), Microsoft(R) Exchange and Novell(R) GroupWise(R) environments, as well as BlackBerry(R) Professional Software for small businesses. It also works with BlackBerry(R) Internet Service, which gives users access to up to 10 work or personal email accounts (including most popular ISP email accounts), and the BlackBerry(R) Unite! software for SOHO and home users."

"With this powerful new smartphone, users can even talk on the phone while sending and receiving email or accessing the web, and download Word, Excel or PowerPoint files and edit them directly on the handset using the preloaded DataViz(R) Documents to Go(R) suite."

Bottomline:

RIM is up about 7% today, and has broken through the 52-week high. RIM has set a new all-time high share price of $142.13 on the news of RIM's new Bold.

Although the new Bold does not have the Touch-screen of the Apple iPhone, and may pale slightly in head-to-head feature comparison with the soon to be launched Apple iPhone 2.0, the new 3G iPhone from Apple, RIM has fired a solid early answer to Apple. RIM is after all the 800-lb gorilla in the smartphone market. RIM also announced a new $150 million venture capital fund
to invest in mobile applications and services for the BlackBerry(R) platform and other mobile platforms, in the same vein as Apple's announced $100 million venture fund with Kleiner Perkins. RIM is essentially telling the business world and the Wall Street that the BlackBerry will not take a passenger's seat to Apple's iPhone. Rather, it wants to take the driver's seat, and wants to take on the Apple iPhone onslaught head-on. Can the new Bold provide the answer RIM is seeking to the new iPhone? Can the new Bold stall iPhone's emergence in the smartphone market? The winners are all the smartphone buyers and consumers, since RIM is about to give all these buyers a worthy choice - a smartphone that has almost all the features that an iPhone has except the touch screen - with a keyboard.

Apple Inc. (NASDAQ: AAPL) is also a Top 20 Innovator of The Innovation Index.

Innovation Index Group has a BUY recommendation on both RIM and Apple.

About Innovation Index Group:

Innovation Index Group, Inc. is a new investment management company focused on systematically identifying, tracking and investing in the most innovative publicly traded companies in North America – collectively called the Innovation Index. We have developed the Innovation Index Fund, LLC as our first vehicle to invest in the Innovation Index. Over the past six years, the Innovation Index would have generated a gross average annual return of 40% based on historical model.* The Innovation Index returned 66% in 2007, and the Innovation Index Fund is up 8% in 2008.*

Innovation Index Group, Inc. and Innovation Index Fund LLC are registered California Corporations, and member of the Irvine Chamber of Commerce in Orange County. Further, Innovation Index Fund LLC is a private placement investment partnership organized under the California state regulations.

The Innovation Index Reports:

Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
The Innovation Index closes 2007 at 66% - 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world
- 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

About The Innovation Index

The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.

The Innovation Index returned 66% in 2007 based on performance model, and would have returned 174% over the previous five years (2002-2006) based on historical model*. This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.*

Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NASDAQ: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)

The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.

Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.
*Past Performance Does Not Guarantee Future Results

References:
Company Press Releases

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