RIMM?s channel sales expansion initiatives are also considered an impetus for meaningful top-line growth as the company is on the verge of introducing a series of next-generation BlackBerry smart-phones.

Internap Network Initiated a Sell

Internap Network Services Corporation (INAP) offers a suite of network optimization solutions that allow companies to transfer business-critical applications to the Internet. It offers products and services that optimize Internet applications for e-commerce, customer relationship management (CRM), multimedia streaming, voice-over Internet-protocol (VoIP), virtual private networks (VPNs), and supply chain management.

Being a small player in a competitive industry, Internap has a relatively low revenue growth rate. Although the company has been gaining traction in its data colocation services, it is witnessing softness in its content delivery network business. Much of this has been caused by the weakening economy, which has forced INAP to trim its 2008 guidance twice.

Though the company has been making important upgrades to its CDN product, there has been a lackluster performance in the segment in the last few quarters. As such, we are initiating our coverage on INAP with a Sell rating and a price target of $2.50.

PetroChina with Some Headwinds

PetroChina (PTR) is one of the largest producers of crude oil and natural gas in the world, with 2007 production of 838.8 million barrels of crude oil and 1,627 billion cubic feet (Bcf) of marketable natural gas. On an oil-equivalent basis, production totaled 1.1 billion oil-equivalent barrels (BOE), representing a 4.8% increase over the 2006 level.

We are maintaining our Hold recommendation on PetroChina ADRs (American Depositary Receipts) following first-half 2008 results. The impact of strong upstream volume growth was more than offset by continued downstream headwinds, reflecting rising input costs and the Chinese government's cap on fuel prices.

We believe that the company's leverage to the high-growth Chinese market will help it to sustain its upstream growth momentum. But fuel price caps and heavy taxes offset most, if not all, of the Chinese market positives, in our view.

Kinross Gold Retains a Hold

Headquartered in Ontario, Canada, Kinross Gold Corporation (KGC) is primarily involved in the exploration and operation of gold mines. Kinross currently ranks among the top 10 gold mining companies in the world, with a targeted production of 2 million ounces of gold annually.

Higher gold prices bode well for Kinross' top-line growth. The various exploration and expansion activities undertaken will enhance production levels. KGC has received approval for a huge investment in the Paracatu mine expansion, which is expected to start production at the end of 2008-third quarter.

The acquisition of Bema Gold will bring in various synergies. However, declining production levels at some of the existing operations and higher mining, energy, and administrative overhead costs are likely to constrain margin expansion. Consequently, we reiterate our Hold recommendation on shares of KGC, with a six-month target price of $15.00.

HEICO to Keep Flying Straight

Aside from original equipment manufacturers (OEM) and their subcontractors/suppliers, HEICO Corporation (HEI) purportedly is the world's largest independent manufacturer of jet engine and aircraft component replacement parts approved for use by the Federal Aviation Administration (FAA). It also manufactures various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries.

Maintenance, repair and overhaul (MRO) of commercial equipment is at a heightened level because of increased usage, which engenders a fairly vibrant after-market. In addition, rising fuel costs are forcing the airlines to find ways to cut other expenses.