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Monday, October 20, 2008

RIMM Downgraded by First Global 10/20/08

Research in Motion ( RIMM ) is down over 8% today ( $54 per share ) thanks to a downgrade over at First Global. First Global now has RIMM at underperform from market perform.

Pacific Crest said there's growing risk Research In Motion will miss its third-quarter estimates as sales of BlackBerry handsets through mid-October have been disappointing.

Keep an eye on RIMM as this stock will likely move in response to Apple ( AAPL ) earnings later this week. AAPL is expected to earn $1.11 per share.