Needham & Company Maintains a 'Hold' on Research In Motion (RIMM); What do you do when your one trick no longer works?

Needham & Company maintains a 'Hold' on Research In Motion Ltd. (NASDAQ: RIMM).

Needham analyst says, "For the past decade Research in Motion has been a one-trick pony, delivering the gold standard in messaging services. But that’s no longer enough. Consumers now want phones that provide a broad selection of software and services. RIM has responded far too slowly. We’re maintaining our hold rating, cutting our fiscal 2012 estimate from $6.00 to $5.15 and initiating a 2013 estimate of $5.35."

For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $35.33 yesterday.

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