Monthly Archive for September, 2008Page 4 of 23

RIM stock outlook: the day after

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rim financial slide

If you’re a RIM shareholder right now, you probably feel as though you woke up on the wrong side of the bed this morning. RIM’s stock opened 20 points down on the Nasdaq from its close last night at $97.53, and is now hovering around $73 per share. Checking the latest financial news today, it’s clear that this fall is reflective of myriad issues, ranging from RIM’s low Q3 forecast to the general economic climate. Here’s the best reports we’ve seen so far on the issue.

MarketWatch: Research In Motion sinks on disappointing forecast

“RIM’s business model is starting to show its pressure points. The company has become increasingly dependent on hardware sales. As a result, the timing of new product launches can have a big impact on their results,” wrote Brian Modoff of Deutsche Bank in a report, in which he cut the stock to a sell rating. “We think this trend will only worsen and their numbers are now, more than ever, dependent on a steady stream of hit products.”

Yahoo! Finance: Premarket roundup: Research in Motion

Analysts were thoroughly divided Friday about the meaning of BlackBerry maker Research in Motion Ltd.’s latest financial report, while investors united in a rush to dump the stock.

More RIM Financial News

RIM Investor Conference Call: what Jim Balsillie said

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RIM CEO Jim Balsillie

After RIM had run through the relevant Q2 financial results and Q3 guidance yesterday during their Investor Conference Call, the floor was opened up so listeners could ask RIM co-CEO Jim Balsillie a variety of questions. While many today are focused upon RIM’s inability to keep down costs or hit earnings targets, I was quite intrigued by the answers as to why this had happened.

After the jump we have a breakdown of each answer Balsillie gave, from upcoming device promotion, prepaid BlackBerry data, strategic goals and new surprises.

Jim Balsillie’s comments during Investor Conference Call

Vodafone BlackBerry Storm images leak (Updated!)

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Vodafone BlackBerry Storm

UPDATE: We’ve added some more photos of the BlackBerry Storm that have turned up on the CrackBerry Forums after the jump.

Not one to let Verizon have all the fun by themselves, the Boy Genius has posted screen captures and renders of a Vodafone branded BlackBerry Storm. Nothing much to say here other than it looks slick and I want it. Oh yes, the text-input graphics look much improved over previous screenshots we had seen.

(via BGR)

Vodafone BlackBerry Storm Screenshots

RIM stock plummeting in after hours trading

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RIM stock numbers post Q2 financial report

Looks like the market didn’t take too kindly to their “Q3 and Q4 will be huge” spin on their Q2 financial numbers. RIM posted a net-income of $495.5 million, or $0.86 per share diluted, RIM missed earnings per share estimates by $0.01 and gross earnings by $20 million.

In after-hours trading, RIM’s stock has slid from $97.53 at trading close to $78.10 at the time of this writing, a drop of roughly 20 points!

We’ll see if the market recovers from the initial shock once Bold sales pick up and the BlackBerry Storm is released.

RIM Investors Conference Call (Live Blog)

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RIM logo

That’s right, I may be stuck in Montreal, but that won’t stop me from live blogging the heck out of RIM’s Investor Conference Call!!!

You can listen along here and read their financial numbers here.

RIM Investors live blog

RIM Reports Q2 Financial Results

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RIM Logo

Just got our hands on the press release. Going to put it up and pull out the relevant deets afterwards.

RIM Q2 Financial Results