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RIM swoons on analyst's call for its downsizing

yahoo.com (11 months ago)

Jun 25, 2012

TORONTO (Reuters) - Shares of Research In Motion fell more than 7 percent on Monday after a Morgan Stanley analyst said the BlackBerry maker would have to shrink considerably to survive. The transformation would erase much of RIM's earnings power, Morgan Stanley analyst Ehud Gelblum said in a note to investors in which he downgraded RIM to "underweight" from "equal weight." "We believe the fundamental story at RIM is essentially broken,"... full story

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