Nov 02, 2009 (SmarTrend(R) News Watch via COMTEX News Network) -- 11/2/2009-Shares of Research In Motion (NASDAQ:RIMM) are down almost 7% Monday after the company's shares were downgraded by Citigroup's Jim Suva. Suva downgraded the shares to "Sell" from "Buy" citing market share threats to the BlackBerry saying that "simply put, there is an invasion of new phones, applications and competition." Suva added that Motorola's (NYSE:MOT) launch of a smartphone that runs on Google's (NASDAQ:GOOG) Android operating system as a key rival.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Copyright, Comtex News Network, Inc. 2009
