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Optical/IP

Dim on RIM?

Financial analysts are split on expectations for the Canadian pager mavens Research In Motion Ltd. (RIM), which will report its results for the first quarter of fiscal year 2003 on July 2.

Goldman Sachs & Co. issued a terse note this morning, downgrading RIM to a Market Perform rating. "Based on discussions with carriers, firm believes there is significant risk that RIM will be unable to meet current expectations for FY03," it said.

Credit Suisse First Boston can't have talked to the same carriers. In a note last Friday it said it was maintaining its Hold rating on the wireless email firm, noting that AT&T Wireless is starting a "soft launch" of the BlackBerry 5810 device in its GSM/GPRS markets now. It noted that spending is still slow in RIM's core enterprise market.

— Dan Jones, Senior Editor, Unstrung
http://www.unstrung.com
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