RIM expectations downgraded
RIM, poster child for patent reform, lost some ground on Wall Street.
The WSJ Online noted on Dec. 3:
Research in Motion fell 5.13, or 4.5%, to 108.69, after Morgan Keegan downgraded the company to market perform from outperform on valuation concerns. Morgan Keegan said that while they expect continued strong growth trends, they believe "substantial upside" is necessary to drive further share price appreciation. The firm also said weakness in the financial services sector and the slowing economy could slow RIM's upgrade cycle.
The WSJ Online noted on Dec. 3:
Research in Motion fell 5.13, or 4.5%, to 108.69, after Morgan Keegan downgraded the company to market perform from outperform on valuation concerns. Morgan Keegan said that while they expect continued strong growth trends, they believe "substantial upside" is necessary to drive further share price appreciation. The firm also said weakness in the financial services sector and the slowing economy could slow RIM's upgrade cycle.
posted by Lawrence B. Ebert at 8:17 AM
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