They've got price competition with an older model phone.

It was a chilly reception. You could tell by the questions.

It just seems as if R.I.M. is headed for a high-stakes gamble with the way they're handling the license dispute. The lower-risk strategy would be just to settle. We're wrestling with what investors should do with the stock given the dispute.

It just seems as if RIM is headed for a high-stakes gamble with the way they're handling the license dispute.

It's a positive step, but it's a baby step.

It's typical when a market gets a certain critical mass, that Microsoft comes in and tries to squeeze out the niche players.

As far as technological innovation they are ahead of the Bells. Whether they can leverage the technology to put them on an even position with the Bells -- it's possible but not probable.

While it is conceivable that Stern would sell some shares to cover his multimillion dollar tax bill on the shares, it is unlikely in our opinion that he would unload all of the shares in the short run since the company is in a high growth phase where stock returns are likely to be the highest and perhaps may generate higher returns than other investment options.

The deal does have quite a lot yellow flags planted around it. The numbers show they paid a hefty premium, and they are not going to be able to recover it over the next two years.

We believe Bell-Cable competition will unfold like the Vietnam War, with many battles stretching over a long period of time. It will be a war of attrition, where the player with the greatest cash flow to fund its arsenal wins.