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RIMM Vs. Apple: New Curve Ball

In the battle to dominate the smartphone market a returning champion just snatched the crown. According to new data from the NPD Group, Research in Motion has recaptured the top spot beating out rival Apple.

The results show the BlackBerry Curve was the best selling device for the first three months of this year, with Apple’s iPhone placing second and RIM's touch-screen BlackBerry Storm coming in third.

That news comes just one day after Goldman Sachs added the company to its prestigious Conviction Buy List.

Citi analyst Jim Suva is very bullish on RIMM and he tells Fast Money, “this company is growing 30-50% even in a recession. Guess what happens when the world comes out of recession? That growth will only be stronger and more robust.”

Suva is so very enthusiastic; he thinks RIMM shares goes much higher; to $100 in the course of a year.

And just last week UBS analyst Maynard Um, also appearing on Fast Money, took a bullish position. He explained that UBS upgraded RIM to "buy" from "neutral" because the firm faces little competition in the enterprise market. (That's made up of large corporations and government departments.)

And, he said, even though this market is pressured today, it will be a source of strength for RIM when the economy firms up.

Um hiked his price target to $90 from $65 -- not quite as high as Jim Suva, but not too shabby either.

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Trader disclosure: On May 5th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AAPL), (PCLN), (LVS), (SDS), (GE), (NFLX), (IMAX), (GS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BX), (RIO), (SBUX); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (ERTS) Calls; Najarian Owns (FIG); Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (PALM) And Is Short (PALM) Calls; Najarian Owns (XLI) Call Spread; Najarian Owns (XHB) Call Spread

For Jim Suva

Citigroup Global Markets Or Affiliates Owns 1% Or More Of Securities Of Palm, Research In Motion
Citigroup Global Markets Or Affiliates Has Received Compensation For Investment Banking Services In Past 12 Mos. From (CELL)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (PALM), (GLW), (CELL), (MOT) In Past 12 Mos.
(MOT), (CELL) Are Or In Past 12 Mos. Were Investment Banking Clients Of Citigroup Global Marktets
(PALM), (GLW), (CELL), (MOT) Are Or In Past 12 Mos. Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities Related)
Citigroup Global Markets Or Affiliate Received Compensation From (MOT) In Past 12 Months
Citigroup Global Markets Is A Market Maker In (PALM), (CELL), (RIMM)

For Maynard Um:
UBS Has Received Compensation From (AAPL) & (MOT)
(AAPL) & (MOT) Have Been A Client Of UBS

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC
Charles Schwab Is A Sponsor Of "Fast Money"