RBC Still Positive on RIM, Goldman Cautiously Optimistic

6/26 - "RBC Capital notes that on product momentum (Curve, Bold) offsetting seasonality, Q2 guidance for $2.55-2.65B (86-93% Y/Y) was $100-150M above street...RIM expects its 'strongest back half in history', affirming firm's expectations for a broad consumer assault 2H08, including new handsets (Touchscreen, Flip, Slider, 3G Pearl, others). Notes historically (e.g. 2005, 2007) RIM made similar investments to address larger opportunities, which subsequently paid off handsomely for investors.

If management executes its strategy successfully and expands its addressable market, they expect rising investor sentiment as investors look past interim margin pressure and recalibrate around RIM's full market opportunity. Maintains Outperform & $165 tgt."

"Goldman Sachs is lowering their FY09/10/11 EPS estimates to $3.62/$5.11/$5.86 from
$3.85/$5.29/$5.95, and 12-month pric...