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To: Johnny Canuck who wrote (43229)	4/9/2006 12:45:53 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69835

BlackBerry Maker's Shares Sink Friday April 7, 9:04 am ET Research in Motion Sees Shares Fall After Weak Fourth-Quarter Report, Analyst Downgrade NEW YORK (AP) -- Shares of Research in Motion Ltd., the Canadian maker of the BlackBerry portable e-mail device, sank in premarket trading on Friday, a day after the company posted a modest fourth-quarter profit in line with previous estimates, though below Wall Street forecasts, and offered a first-quarter outlook and subscription figures below analyst expectations. In premarket trading, the company's shares dropped $4.18, or 5 percent, to $80.20, continuing a decline that began in late day trading in New York and continued in the aftermarket electronic session on Thursday. The stock closed on the Nasdaq at $84.38. Andrew J. Neff, an analyst at Bear Stearns, said he was concerned "that the wireless e-mail market could be saturating at current levels, requiring new products/marketing methods to jumpstart growth. ... While potential for wireless e-mail may be very large, the issue is what price of service/handset is required to rejuvenate growth." He downgraded the stock from "Peer Perform" to "Underperform" to reflect slow growth, he said. Goldman Sachs analyst Brantley Thompson, on the other hand, maintained his "Outperform" rating based on a continued strong mobile e-mail market, and subscribers' brand loyalty to the BlackBerry. "We believe that RIM's barriers to competitors are formidable as was proven by the fact that every major RIM customer recently tested the major competitors under the threat that RIM would be shut down, and the net impact was a little if any loss of customers," he said. He added that new product launches and expansion into Asia could also help the company.