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RIMM: Lehman Ups Target; UBS Sees Strong Guidance
Posted on June 18, 2008
Research In Motion (RIMM) this morning was the subject of a pair of bullish research notes ahead of the company s June 25 announcement of results for its May quarter.UBS analyst Jeffrey Fan this morning wrote in a note that results for the fiscal first quarter should be at the high end of the company s guidance of revenue of $2.23 billion to $2.3 billion, profits of 82-86 cents and 2.2 million new subscriber additions. He says the quarter was driven by strong CDMA Blackberry Curve sales at North American carriers. Fan also says the launch of the Blackberry Bold is on target for mid-to-late...
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