RIM Reveals PlayBook 2.0 at CES

Looking to start the year right, Research in Motion (NASDAQ:RIMM) will discuss details about its PlayBook update, called PlayBook 2.0, at this week’s Consumer Electronic Show (CES). The update will be available in February. Too bad for RIM, Apple’s (NASDAQ:AAPL) new iPad and hordes of additional Google (NASDAQ:GOOG) Android tablets will be a step ahead by then … again.

RIM will now include email on the PlayBook 2.0 along with other email management tools including “a unified inbox with social network integration, tabbed email, rich-text email editing and multi-account search,” according to TechCrunch. The new unified inbox is a beefed up version from RIM’s BlackBerry and it will support numerous accounts from personal and enterprise sources. It has also added Twitter, LinkedIn (NYSE:LNKD) and other feeds.

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The new PlayBook OS version will include new calendar features — similar to the new inbox — that will add info from social networking sites. The contacts app will work similarly, grabbing email and social channel info and then putting it into each contact.

For BlackBerry owners, their phones can be used as a remote control for the PlayBook 2.0 by acting as either a mouse or keyboard for the tablet. RIM says users will find it a great option for hooking up the PlayBook  to an HDTV and enjoying home movies.

The PlayBook 2.0 is what PlayBook 1.0 could have been. Users will now have opportunities to download new apps and use the tablet as a video store for movies and TV show rentals. The update will also offer a new browser.

Unfortunately PlayBook owners will benefit the most. They’re the ones who have been waiting a year for the improved software.

Here’s how Research in Motion, Apple, Google and Nokia are reacting to the news:

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $15.51,. They have traded in a 52-week range of $12.45 to $70.54. Volume today was 13,693 shares versus a 3-month average volume of 21,620,700 shares. The company’s trailing P/E is 3.65, while trailing earnings are $4.25 per share.

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $423.24,. They have traded in a 52-week range of $310.50 to $427.75. Volume today was 39,054 shares versus a 3-month average volume of 14,590,000 shares. The company’s trailing P/E is 15.29, while trailing earnings are $27.68 per share.

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $623.14,. They have traded in a 52-week range of $473.02 to $670.25. Volume today was 3,935 shares versus a 3-month average volume of 3,071,880 shares. The company’s trailing P/E is 21.24, while trailing earnings are $29.34 per share.

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $5.39,. They have traded in a 52-week range of $4.46 to $11.75. Volume today was 615,811 shares versus a 3-month average volume of 29,886,000 shares. The company’s trailing P/E is 23.43, while trailing earnings are $0.23 per share.

To contact the reporter on this story: Debbie Baratz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com