Will RIMM be the comeback kid in 2011? - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

Will RIMM be the comeback kid in 2011?

Apple’s iPhone has been getting all the attention of late. Meanwhile Research in Motion’s (RIMM) stock price is making a stealth like move.

RIMM is about to make a breakout due to the prospect of rising corporate budgets in 2011. According to the Corporate Executive Board, which surveyed CIOs and IT managers at 133 Fortune 1,000 companies, IT budgets will increase in 2011 after two years of zero growth.

With an increase in corporate spending and the anticipation of Research In Motion’s Playbook could 2011 be a breakout year for RIMM investors?

Disclaimer: I/my client(s) are long RIMM and I may initiate further positions within the next 72 hours.

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