RIMM developing BlackBerry with pull-out physical keyboard, better Browser

Shaw Wu of Kaufman Bros retains his “buy” rating for Research In Motion Ltd (NASDAQ: RIMM). The target price for RIMM is set to $93.

Kaufman’s latest checks have indicated that RIMM is addressing two of its biggest weakness by developing new BlackBerry form factor and web browser. Kaufman says that the new form factor would be a cross between a touchscreen BB Storm 2 and a physical keyboard BB, providing a pull-out physical keyboard along with a full-scale touchscreen.

Research In Motion's new product under development will also provide Blackberry users better web browsing experience, as the upcoming version will be based on the open-source WebKit technology. The new RIMM product may also enable its users to install third-party browsers such as Google Chrome or Microsoft Internet Explorer, Kaufman says. Kaufman believes that the modifications will provide Blackberry with a competitive edge.