RIM Outlook Upgraded By Morgan Stanley: Value Trap or Value Stock?

Morgan Stanley(NYSE:MS), in a statement about Research In Motion Limited (NASDAQ:RIMM), upgraded its outlook on the consumer electronics company’s fourth quarter while still remaining pessimistic on the company’s performance. The analyst involved, Ehud Gelbum, revised upward most of his projections for the company’s annual report. He now expects to see an earning of around $0.82 per share and revenue of about $4.5 billion. This is still below the company’s own predictions which cites figures of $4.6-$4.9 billion revenue and an earning per share of $0.80-$0.85. Despite the more optimistic numbers the company is offering Gelbum’s outlook is still an upgrade from…