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Old 03-08-2010, 01:51 PM   #1 (permalink)
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Default RIM stock surges on upbeat analyst forecasts

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RIM stock surges on upbeat analyst forecasts

(Reuters) - Shares of Research In Motion (RIM.TO) (RIMM.O) leaped almost 6 percent on Monday after an analyst raised earnings estimates on the BlackBerry maker and another said that competition fears were overblown.
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RIM should post a "meaningful beat and raise" in its fourth-quarter results on March 31, BMO Capital Markets analyst Tim Long said, with sales strong in all regions led by the company's BlackBerry Bold and Curve smartphones.