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What: Shareholders of BlackBerry maker Research In Motion (NAS: RIMM) are relishing in a rare up day, rising as much as 12%, following news that telecom companies have begun testing its new BlackBerry devices.
So what: Following two lengthy delays, the simple fact that the 50 telecommunication companies are now testing the BlackBerry 10 is a good sign to investors that the smartphone is on track for a first-quarter 2013 launch. However, Jefferies analyst Peter Misek is far from impressed with what he referred to as RIM's "lab trials," which could take upwards or three to six months to complete.
Now what: The BlackBerry smartphone, running on its new BB 10 operating system had better be well worth the wait, otherwise it's going to be the end of the line for RIM. Apple's (NAS: AAPL) iPhone 5 and the Samsung Galaxy S series have become staples of the smartphone market with Nokia's (NYS: NOK) Lumia and the BlackBerry bringing up the caboose. With all metrics sloping downhill for RIM, I can't get too excited about the prospects for the BB 10 until I see tangible results.
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The article Why Research In Motion Shares Surged originally appeared on Fool.com.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of, and creating a bull call spread position in, Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.