Needham & Company Maintains a 'Hold' on Research In Motion (RIMM); Thinking the Unthinkable. Could RIM Disappear?

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July 14, 2011 8:31 AM EDT
Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Research In Motion Ltd. (NASDAQ: RIMM).

Needham analyst says, "The implosion of a once great company raises an inevitable question. Will RIM follow in the footsteps of other great companies that simply disappeared? RIM’s inability to respond to the disruption caused by the iPhone has increased the likelihood that it will. But BlackBerry’s hold on the enterprise market and BlackBerry Messenger make it unlikely. We continue with a hold rating, but are cutting our fiscal 2012 estimate from $5.15 to $4.35 and our 2013 estimate from $5.35 to $3.35."

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 $28.15 yesterday.

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