RIMM target raised to $150

Needham raises their tgt on RIMM to $150 from $115 based on the strength of their new consumer oriented Pearl phone, as well as continued strength in the enterprise, RIM's streak of fantastic results was extended last night. The firm says RIMM's ability to seamlessly integrate their software, middleware, and hardware continues to provide a competitive advantage to the horde of new smartphones entering the market. Firm believes RIMM's revenue growth will exceed prior estimates.