Research in Motion Shareholder’s Are Ready to Rock

Research in Motion shareholders are so jacked about the earnings release tomorrow they briefly bid the stock over $119 in afterhours trading. Are they setting themselves up for a fall?

Big money is positioning itself in front of the release, and RIM groupies are getting hot and bothered over Guitar Hero III Mobile becoming available for Blackberry devices. The geeks over at Crackberry.com are all over it, and filed this report earlier today from CTIA, (video after the jump):

So if you saw the press release this morning and have been thinking about buying it, the capture above gives a good sense of the game play. You only use 3 "strings" (they scaled back the full-blown app to work on the Berry, and apparently the 3 strings was all the Berry could handle) but the graphics were good and the game play was addicting and fun nonetheless. Crackberry.com

RIM jacked subscriber guidance during the third week of February, and no doubt RIM will deliver near the high-end of the range.

Notable Calls highlighted RBC's First Call note last week as the SellSide set the table:

Global checks indicate strong Q1 momentum, suggesting guidance for $2.1-2.2B revenue (up 12-18% Q/Q) and $0.81- 0.86 EPS, above street at $1.98B and $0.74 EPS, with 2.2-2.4M sub adds (up 1%- 11% Q/Q). Pending Q1 product launches/announcements include EV-DO Curve and 3G/HSDPA ‘Comet’.

March data from RBC’s Technology Adoption Panel (3,600 Respondents) sees RIM posting strong share gains against Motorola and Palm, with 15% respondents planning to purchase BlackBerry (up from 12% Oct and 7% Jan/07). Motorola’s recent struggles are expected to further assist RIM share gains.

F09 ests become $10.3B (up 72% Y/Y), $4.05 EPS (prior $9.8B, $3.74) and F10 ests become $14.5B (up 41%) and $5.83 (prior $13.0B, $5.10).

The RIM faithful have already stuck a fork in Motorola and Palm, and although expectations are high, the stock is on the verge of assaulting new all-time highs.

Get out of their way.

Guitar Hero on a Pearl

CTIA Wireless 2008: Guitar Hero III Hands On Video
Crackberry.com

March 28th
Research in Motion (NASDAQ:RIMM): Two firms out positive
Notable Calls
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