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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: 10K a day who wrote (878)1/13/2004 5:51:06 PM
From: John A. Stoops  Read Replies (2) of 989
 
07:36 ET RIMM downgraded at JP Morgan 77.58: JP Morgan downgrades Research In Motion to Neutral from Overweight based on valuation, as the stock now trades at a premium valuation of 40.8x their FY05 est (on a zero effective tax-rate basis); also, firm says there is modest risk that the co will use the proceeds from its $700 mln offering for dilutive or disruptive acquisitions.
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