RBC calls RIM earnings a ‘tale of two cities’

By on March 25, 2011 at 3:01 PM.

RBC calls RIM earnings a ‘tale of two cities’

In a note to investors on Friday, RBC Capital Markets Managing Director Mike Abramsky attempts to put Research In Motion’s fourth-quarter earnings and first-quarter guidance in perspective. RIM reported its fourth-quarter and full-year earnings after the bell on Thursday and shares of RIM stock subsequently plummeted by as much as 12% in after hours trading. Most of the concern seemed to surround RIM’s guidance for the first-quarter of its 2012 fiscal year. Abramsky points out that while investors may be concerned by RIM’s guidance, it likely reflects product transitions rather than intensifying competition. He notes that new product launches and future support for Android applications will help restore confidence in RIM moving forward. While RBC does identify several possible barrier such as a general decline in technology valuations, unknown market acceptance of new products and declining average selling prices of BlackBerry smartphones, the firm reiterates its $90 price target for RIM stock.

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BlackBerry PlayBook now available for pre-order, launches April 19th for $499

By on March 22, 2011 at 7:12 AM.

BlackBerry PlayBook now available for pre-order, launches April 19th for $499

We finally have a confirmed release date and price, ladies and gentlemen. RIM just announced that its first tablet device — the BlackBerry PlayBook — will be available for purchase on April 19th and will start at $499 for the 16GB version. 32GB and 64GB models will also be available at launch, and will retail for $599 and $699, respectively. The BlackBerry PlayBook is scheduled to be available on April 19th from all Best Buy and Best Buy Mobile stores in the U.S., and at Best Buy and Future Shop stores up north in Canada. Pre-orders will go live around 8:00 a.m. Tuesday morning — let us know if you’ll be pre-ordering one, picking one up on launch day, or skipping it altogether. More →

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