Needham Upgrades Research In Motion Ltd. (RIMM) to Hold
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Needham upgrades Research In Motion Ltd. (Nasdaq: RIMM) from Underperform to Hold, citing valuation after the recent sell-off. The firm said despite strong competition from the Apple 3G iPhone, RIM's share price more than compensates for any slowdown in growth.
Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communications market worldwide.
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