Research In Motion (RIMM) 4Q:2008 results

As expected (not just by me according to a couple of guys I spoke to before they reported) the numbers were better for the current quarter and the guidance is solid and above the street at 82-86 cents, well above the 75 cent consensus estimate. RBC pretty much hit the nail on the head with their call on March 28th.

Its not a cheap stock but its also one of the few unblemished stories out there. The economy may catch up with them but its going to be hard to know if thats happening as long as the new products keep flowing. Obviously, I'll be keeping an eye out for signs of weakness there. RIMM should continue to be strong on a relative basis to the rest of technology. It's one of the only stories a portfolio manager can feel comfortable owning and should (and does) trade at a premium because of that.

Stay with RIMM.