1:45 PM -- Nomura Securities analyst Richard Windsor has just issued this interesting research note on Canadian email mover BlackBerry . He claims that the company is looking at "strong but slowing growth" through 2008:

Growth looks like it is peaking. New products and net adds have been supporting growth in FY2008, but a more mature market and the law of large numbers is likely to mean that FY2009 is slower. This could be exacerbated by the possibility of a consumer recession in developed markets hitting corporate IT expenditure. Although we believe that this trend would affect RIM much less than others, it could still take some of the higher forecasts down to more reasonable levels. We continue to find the valuation extremely challenging and recommend that investors sell the shares.

RIM is due to announce its third-quarter results on December 20.

— Dan Jones, Site Editor, Unstrung