“Research in Motion was downgraded to a hold from a buy rating Tuesday morning by Needham & Co. In a note to clients, analyst John Lynch cited the introduction of the iPhone from Apple Inc. as a ‘potential game changer’ that tempers his expectations for RIM’s consumer market,” Dan Gallagher reports for MarketWatch.
“‘…We do think the iPhone has the potential to impinge on RIM’s Pearl-led push into the consumer space,’ Lynch wrote,” Gallagher reports.
Full article here.
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