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Old 09-04-2007, 02:26 PM   #1 (permalink)
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Default RIMM Downgraded by Bear Stearns

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I am not sure how reliable these reports are but reports the following. Somehow, I don't see thr iPhone outselling the Blackberry PDA line.

RIMM (RIMM, Trade ), maker of the Blackberry communications device, fell 0.8% to $84.75. Bear Stearns downgraded RIMM to peer perform from outperform, mostly on stock valuation than weakness in the company's business.

"While we have not seen any signs of slowing demand, RIMM could one of the first to be affected by macro-related demand issues given its high exposure to enterprise," analyst Andrew Neff said. At the same time, he raised his price target on RIMM to $81, from $76.

Also, I find this a bit hard to believe from a BB standpoint (not Palm) BUT...

The iSuppli report said that the company's two models of the iPhone outsold such entrenched smart-phone models such as the BlackBerry from Research In Motion Ltd. (RIMM, Trade ) and the entire portfolio of Palm Inc.'s (PALM, Trade ) Treo devices.
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