RIMM Results Not So Hot; Balsillie Resigns From Board
We are downgrading our recommendation on Research In Motion Ltd., (RIMM) to Underperform from Neutral on the back of continued somber financial results coupled with a reduced outlook. Research In Motion has consistently struggled ever since Apple Inc's (The stock up about 1% in Q4; MA(50)- $25.28; MA(100)- $25.45; 52-wk H/L $32.85/$21.79) Research In Motion [...]