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RIM to release Q3 2009 financial statement today – what do you expect?


RIM stock placement

As we’ve stated many times recently on BlackBerry Cool, today is easily RIM’s biggest day of the year. At the sound of the bell, RIM will release their Q3 2009 financial report, which will be the final word on how far RIM slipped in 2008, and what the future holds in the year to come. Here’s what CNBC’s Jim Goldman is looking for today:

That’s what we know. What we don’t know is how RIM will guide the Street. The company has a history of being conservative, like Apple, so the question now is just how moderate the company will be. RBC Dominion’s Mike Abramsky is expecting the company to guide to 2.6 million to 2.8 million new subs and 7.1 million to 7.4 million units shipped with an average selling price of $328. The Street is looking for 87 cents for the company’s fourth fiscal quarter earnings per share on $3 billion in revenue. RBC is looking for a little less, probably around 80 cents to 83 cents a share on $2.9 billion to $3 billion in revenue.

Post a comment and let us know what you’re expecting to see from RIM today. Of course, we’ll have all the info up as soon as it’s available, and we’re liveblogging the hell out of RIM’s 5pm conference call.


Gary Krakow to market: Don’t give up on RIM yet


An interesting video above from Gary Krakow and TheStreet.com, in the wake of RIM’s earning reductions and recent distaste for RIM’s latest device offerings. Krakow’s message for those following RIM’s stock? Chill out. RIM’s stumbles are a reflection of industry wide problems and a troubled economy. Although I had to cringe when Krakow and his compatriot brought up Palm as another industry company facing tough times. RIM doesn’t want to go anywhere near Palm country.

|via TheStreet|


J.P. Morgan cuts RIM’s Q3 financial estimates – again


RIM logoWhen J.P. Morgan cut their earning estimates for RIM last week, it was before the Waterloo company responded in kind, cutting their own Q3 2009 estimates last Wednesday. J.P. Morgan has updated their estimates once again to reflect RIM’s new numbers, expecting the company to report earnings per share of $0.81 on sales of $2.75-billion, unit sales of roughly 6.8 million in the quarter, with average selling prices of $332 and net subscriber additions of approximately 2.6 million.

J.P. Morgan has again trimmed its estimates on Research In Motion Ltd. (RIMM) in response to the BlackBerry-maker’s third quarter profit warning and signs of a broadening global slowdown in mobile handset sales. However, analyst Paul Coster is maintaining an “overweight” rating and told clients that RIM deserves to trade at a premium multiple as a result of its leadership position in an open-ended growth market.

J.P. Morgan’s estimates for fiscal 2009 through 2011 were also cut, with year-over-year unit growth in 2010 reduced from 42.7% to 32.5%. This implies unit shipments of about 37.7 million next year. BlackBerry Cool will have full coverage of RIM’s Q3 2009 earnings report on December 18th.

|via Seeking Alpha|


Certicom seeks rival offers to RIM’s hostile takeover bid (BlackBerry Bytes)


Certicom LogoOn Wednesday we told you that RIM had made a $66 million offer to Certicom‘s shareholders in an attempt to purchase the encryption software company. The offer had been made directly to shareholders due to stalled negotiations with Certicom management.

Today, we can tell you that Certicom has refused a request by RIM for exclusive buyout talks, and is now inviting offers from other interested parties. Certicom says it has been in talks with other companies about a possible deal but mentioned none specifically. The company has formed a special committee of its board and hired TD Securities Inc. as a financial adviser to consider RIM’s proposal and seek other bids.

RIM is offering no new statements on the matter beyond what was made Wednesday, so we’ll just have to wait and see how it plays out.


RIM to announce Q3 2009 fiscal results December 18th (BlackBerry Bytes)


Thursday, December 18th will likely be one of the most important days of 2008 for RIM. On the 18th, RIM will report their Q3 2009 fiscal results after market close. Considering RIM’s sliding stock price and their lowered Q3 outlook, the focus may just be on how bad the numbers are.

RIM will hold a conference call and live webcast at 5 pm ET on the 18th, which can be accessed by dialing 800-733-7571 or by logging on at www.rim.com/investors/events/index.shtml. As always, you can expect the live blogging coverage of the conference call you’ve come to expect from BlackBerry Cool.


RIM offers $65.6 million to buy Certicom (BlackBerry Bytes)


RIM announced plans today to offer CDN $1.50 a share in cash to buy encryption software company Certicom Corp in a deal worth about CDN $66 million. The offer represents a 76.5% premium over the December 2nd closing price of Certicom stock.

RIM said it is making the offer directly to Certicom shareholders because it has been unable to advance the transaction with management since starting talks in February 2007. The offer is not subject to financing conditions and will be funded by cash on hand, said RIM. It expects to formally commence the offer by Dec 12.

RIM’s offer comes only a day after the Waterloo company cut their Q3 revenue outlook in the face of slowing subscriber growth.

|via Reuters|