Friday, February 24, 2006

Blackberry Pops After Injunction Halted

Research In Motion (RIMM), which makes the ubiquitous Blackberry wireless device, saw its stock pop late Friday after a judge staved off a threatened shutdown of the company's blockbuster e-mail service and said the patent dispute over the devices should be settled.

We expect shares of Blackberry to rally further next week, but eventually shares should regress to $70, where they are fairly valued. On Saturday, we'll take an in depth look at rival Palm (PALM), which makes the red hot Treo 700.

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