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By GeekBerry Staff on November 17th, 2008 at 1:16 am
Filed Under — NewsRIM
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rim_crash

Research In Motion was not off to a great start this monday morning after reports of Barclays Capital has cut its price target on RIM from $90 to $60, and global handset sales in 2009 from 3% growth to 5% decline. Barclays also cut its smartphone growth estimate to 25% from 40%.

Barclays analyst Jeff Kvaal cut his estimates on RIM, citing the slowing demand for smartphones, offset partially by the company’s third-quarter phone launches.

RIM’s four new device launches should partially balance the weak market,” Kvaal wrote in a note to clients.

RIM is trading right now just below the $42 mark, after opening this morning at $39.50.

|via Reuters|

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“Monday Morning Mayhem As Barclays Capital Cuts RIM’s Price Target”
  1. The GeekBerry Team
    The GeekBerry Team
    April 10th, 1984  at  4:20 am —

    Be the first to comment, share your thoughts and join the conversation today! ;p

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