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RIM shares sink after analyst cites market worries

Investors turned bearish on Research in Motion on Monday, sending shares down more than 5% after an analyst's downgrade of the BlackBerry maker's stock because of rising competition in the sector. "The revolution of product and application service offerings is going to start to crack open the enterprise door and pose a risk for BlackBerry," wrote Citi Investment Research analyst Jim Suva in a note to clients.

Reuters | 11/02

This story published in CTIA SmartBrief on 11/03/2009

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