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Long Upgrades Research In Motion (RIMM) to OUTPERFORM from MARKET PERFORM

March 8, 2010

Tim Long, senior analyst on our Technology research team, has today upgraded Research In Motion(RIMM) to an OUTPERFORM rating from MARKET PERFORM.

From Long's note: "We expect a meaningful beat and raise when the company reports on March 31. We are $0.05 above consensus for February and $0.14 above for May. Strength should be driven by all regions, and the 9700 and 8520 both seemed strong. Competition that we were expecting now seems further away, including a CDMA iPhone, giving RIM the ability to further grab share in the Smartphone segment. We also expect the solid cash flow performance from the November quarter to continue."

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