Recession No Cure for CrackBerry Addiction

“Sentiment on the stock has never been worse in our opinion….We are somewhat concerned that earnings, subscribers and unit guidance are all likely to be guided down–sequentially.” Broadpoint AmTech analyst Rob Sanderson said that of Research in Motion in a March 18 note to clients. Boy, was he ever wrong. After market close Thursday afternoon, RIM reported fourth-quarter earnings and revenue that easily bested analyst expectations.
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RIMM: Broadpoint.Amtech Cuts Estimates; Stock Slips

Research in Motion shares are taking a hit this morning after Broadpoint.Amtech analyst Rob Sanderson trimmed his earnings estimates on the company for both the February 2009 fiscal year and for FY 2010. While Sanderson keeps his Buy rating, he notes that the company appears to have reduced its build plans and reduced component orders in the past few weeks.