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RIM chiefs no longer billionaires thanks to plummeting RIM stock

June 23rd, 2011

Shares of RIM stock have taken a beating since the company announced devastating first-quarter earnings last Thursday. The Waterloo, Ontario-based BlackBerry maker missed Wall Street’s first-quarter consensus, it lowered its full-year guidance, it announced workforce reductions, it confirmed product delays and investors went running for the door as did a top executive. Since the earnings release last week, …

BlackBerry PlayBook is ‘dead on arrival’, analyst claims

February 1st, 2011

Wedge Partners principal Brian Blair on Tuesday issued a note to clients that called RIM’s upcoming virgin tablet offering “dead on arrival.” RIM is set to debut the BlackBerry PlayBook next month and opinions of press, bloggers and analysts have been very polarized thus far. Some think the PlayBook will be well received by the …

RIM Q3 beats the street; good Q4 guidance

December 16th, 2010

Research In Motion reported its third quarter earnings Thursday evening, and it beat Wall Street’s estimates in several key areas. The BlackBerry maker’s revenue was up 40% year-over-year to $5.5 billion on record shipments of 14.2 million devices — also up 40% year-over-year. This beat the street’s consensus of $5.4 billion in revenue and shipments …

Microsoft Exec: 6.9 million iPhone 3Gs? Pfft, so what?

October 24th, 2008

In the past few days, the Internet has been set ablaze by news of the iPhone’s success, AT&T’s suffering profits because of it, and all the Apple gloaters doin’ they thang. Well, in other news, a particular executive over at Microsoft is taking a cue from Steve Ballmer and is acting all unimpressed after having …

RIM has its head in the sand and is delusional..

September 27th, 2008

Analysts had a field day on Friday after RIM released its less than stellar Q2 earnings on Thursday. When addressing its future prospects, RIM warned that its gross margins in the Q3 will drop another three percentage points to 47% and that a further decline is likely into 2010. Ouch! In a letter sent to …

RIM’s earnings miss Street’s estimate, tanks after hours

September 25th, 2008

It looks like RIM is one of the first to announce not-so-great news about its second quarter performance, but will it be a continuing trend in the mobile industry in general? We discussed this before and all you readers chimed in, but no one expected it to come so soon. Research In Motion (RIMM) has …