Needham Co. analyst Charlie Wolf this morning upgraded Research in Motion from an underperform to a hold rating because the company’s current share price fully reflects any slowdown in the growth of BlackBerry’s sales, the analyst explained.
Wolf downgraded RIM to underperform on July 16 to take into account potential impact of the iPhone on BlackBerry sales in the consumer market.
Apple’s iPod is becoming the poor relation as the company slugs away at promoting the iPhone, remarked Needham & Co. analyst, Charles Wolf, in a note to clients released this afternoon.
Wolf explained that in his opinion the two “most important aspects of Apple’s “Let’s Rock” event in San Francisco were Steve Jobs’ health and a software update for the iPhone.”
The analyst pointed out that an energetic Jobs may be a little slimmer than before (rather like the iPod range he was promoting), but slim needn’t mean grim.
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