Hi-P / Research in Motion

Hi-P / Research in Motion: Shares of RIM surged 20% in after hrs trade on indications the co will have plenty of cash to ramp up production of its new BlackBerry 10 devices and mount a robust marketing campaign for the revamped line, due in early 2013. RIM's 2Q qtr brought shareholders additional glimmers of hope, a break from a succession of dreadful qtrly reports. The co not only generated more rev than Wall Street had forecast but it topped expectations on the number of devices shipped in the period. Recall, some houses has been touting investors not to write RIM off yet, citing that RIM’s BlackBerry 10 may yet be able to restore part of its market share. Recently Verizon Wireless has announced that it will carry RIM’s new BB10 smartphone when launched early next year. The largest U.S. wireless carrier is apparently backing RIM’s bet on the BB10 model with an all time favourite keyboard as well as a full touchscreen version. If BB10 takes off, Hi-P who counts RIM as its long-time standing and one of its biggest clients, could be amongst the first to benefit.