Morgan Stanley Reiterates Equal-Weight on Research in Motion

27% profit every 20 days?

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Morgan Stanley maintains its Equal-weight rating on Research in Motion (NASDAQ: RIMM) as it expects a weak sell-through for BB7. Morgan Stanley says, “We expect RIM to report FQ3 in-line with its Dec 2nd preannouncement – incl. a hefty 33% q/q increase in device shipments. But, due to weak BB7 sell- through, we expect FQ4 guidance to be weak and are modeling device shipments down 13% q/q.”RIMM closed at $16.21 per share on Monday.

27% profit every 20 days?

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