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Tuesday, December 2, 2008

Research In Motion (RIMM) preannounces lower

Press release here.

Revs guided to 2.75 - 2.78 bil vs prior expectation of 2.95 - 3.10 bil, non-GAAP EPS guided to .81 - .83 vs prior expectation of .89 - .97 ... subscribers 2.6 mil versus guidance of 2.9 million. Reasons for shortfall are currency and macro-economic weakness. In explanation, they talk somewhat about product launch delays (Storm) and about good sales trends and activations of new products.

Stock is interesting on the chart $30-31. Wonder if it gets there tomorrow morning.

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