RIM to review their Option-Granting Practices


Interesting news coming out of RIM HQ as their Q2 2007 fiscal results are being released. Preceding the results statement is a notification that RIM is voluntarily undergoing a review of the company’s historical option granting practices. Not what you expected to hear, but RIM says that:

It is the Company’s belief that the potential impact of any restatement on GAAP and adjusted operating results for the first, second, and subsequent quarters of fiscal 2007, will be immaterial.

RIM will file final financial statements for the second quarter of fiscal 2007 following the completion of the review. We’ll keep you informed if anything new breaks.