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BlackBerry Maker Under Siege
Word Count: 736 * Companies Featured in This Article: Research in Motion, Apple, AT&T
Research in Motion (RIMM: Nasdaq) By Needham & Co. ($105.85 July 16, 2008, )
SALES OF Apple's (ticker: AAPL) iPhone 3G appear poised to blow through everyone's forecasts. While Research in Motion's (RIMM) dominance of the enterprise market appears secure, at least for now, the company's great growth driver -- the consumer market -- is bound to come under siege because of the iPhone.
We're cutting RIM from a Hold to an Underperform rating and reducing estimates.
Thanks to the BlackBerry Pearl, RIM has dramatically increased its presence in the consumer segment of the smartphone market. Indeed, the acceleration in ...
Word Count: 736 * Companies Featured in This Article: Research in Motion, Apple, AT&T
Research in Motion (RIMM: Nasdaq) By Needham & Co. ($105.85 July 16, 2008, )
SALES OF Apple's (ticker: AAPL) iPhone 3G appear poised to blow through everyone's forecasts. While Research in Motion's (RIMM) dominance of the enterprise market appears secure, at least for now, the company's great growth driver -- the consumer market -- is bound to come under siege because of the iPhone.
We're cutting RIM from a Hold to an Underperform rating and reducing estimates.
Thanks to the BlackBerry Pearl, RIM has dramatically increased its presence in the consumer segment of the smartphone market. Indeed, the acceleration in ...