Monday, November 14, 2011

Research in Motion's (NASDAQ:RIMM) Executive Intends to Aggressively Recruit Developers. Price target of $27.97.


From: FinancialNewsOnline  | Nov 14, 2011
Research in Motion's (NASDAQ:RIMM) head of developer relations, Alec Saunders, intends to "aggressively" recruit developers for the company's new mobile platform, BBX, according to Cnet, which interviewed Saunders.

After entering the position in August, Saunders has set up developer relations centers around the world, and the marketing budget of his division was increased significantly, the publication says.

Research In Motion (NASDAQ:RIMM) has potential upside of 51.3% based on a current price of $18.49 and an average consensus analyst price target of $27.97.

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