Research in Motion (RIMM) Nice Results

Quite impressive growth from this large of a company - Research in Motion (RIMM) comes in with 22% sequential revenue growth (and 100% year over year), up to $1.67B (slight beat vs analysts $1.65B) and EPS of $.65 (vs analysts $0.62). But that's old news the second it hits the presses; the all important guidance is what the mad hordes clamor for....

In that arena, the company is saying $1.80-$1.87B (vs $1.75B expectation) and EPS of $.66 to $.70 (vs $0.65)

Now for a normal Research in Motion quarter, this "small" of a guidance increase would be perhaps deemed disappointing but with the stock so weak of late, we have a nice set up where even solid news will be looked upon positively. Of course now we have to deal with the trecherous conference call where one slip of a word can send a stock plunging 15% (ask Cisco), but overall it looks quite good and the fears of Research in Motion falling off the tracks should be quieted... at least for a few weeks .... before the hand wringing begins again. Keep in mind this is still mostly a North American play - the world is still RIMM's oyster.

Technically the stock was trading just below the 50 day moving average and "stuck" for much of the past few weeks, but as long as no ill word is spoken in the conference call this should provide a nice catalyst for a move back up above this resistance level ($107 or so).

Long Research in Motion in fund and in personal account