RIMM Downgraded by Bear Stearns
I am not sure how reliable these reports are but Marketwatch.com 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.
apples good at market timing and hyping crap ot of the sub par puducts they put out> isupliy thsat scoming form apple who knows dow the road the could get busted on for suplying faulty numbers
They just got an outperform rating today and a price target of 100. and there is another price target for 110. I think both are up from the 83 or so that was the target before. Gotta love RIMM.
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