RIM is going to have a pretty interesting earnings call today at 5PM EST. They recently issued a revised forecast for this quarter and the year saying that Q4 will not exceed shipments of Q3. The RIM stock is currently the lowest it has been in 7 years which is pretty crazy and is down 74% for the year. RIM really needs to start hitting investors hard with proof and execution showing how they plan on getting out of this slump and instilling confidence. We all know RIM has a plan for BB10 but RIM will need to wow investors.
You can join the conference call yourself from RIM’s website today at 5PM. We will recap what is said once RIM releases the results.
BBA Brian ( View Profile) Guru - Posts: 2094
Posted: December 15, 2011 at 11:26 AM EST from my BlackBerry 9900 | OS 6.0+
Lol problem is now is that even if Mike says something like “BB10 phones at CES” no one will believe him because he promised such at last earnings call with regards to devcon north america.
kingbernie06511 Not Registered
Posted: December 15, 2011 at 11:39 AM EST
earnings call? Stay tuned for more bad news!
At least Mike and Jim have not been fingerpointing at each other when it comes to being accountable for the downward spiral of their stock price. So little chance one of the two will step down tonight….
BBA Brian ( View Profile) Guru - Posts: 2094
Posted: December 15, 2011 at 11:41 AM EST
I am open to eating my words, but, I think if a person thinks Jim or Mike will step down BEFORE the biggest transition in the companies history… they are idiots
Not saying you are .. just anyone who even considers it possible.
If BB10 fails.. then yes.. there is a chance
kingbernie06511 Not Registered
Posted: December 15, 2011 at 12:23 PM EST
you are right, I was thinking the same thing last quarterly meeting. they need more time.
Despite being close to a major transition, stock prices are too low, and a takeover is a real possibitily. There has to be some kind of change at the top.
papped ( View Profile) Beginner - Posts: 237
Posted: December 15, 2011 at 2:17 PM EST
Ready for my stock to take an even larger beating than it has in the last year…
ofutur ( View Profile) Enthusiast - Posts: 553
Posted: December 15, 2011 at 2:41 PM EST
Can’t wait to hear how many PlayBooks are now in the hands of real people.
And I don’t see anybody interested in buying RIM right now, it would be way too complicated to take things over at this stage. It’s too late or too early.
PDM Not Registered
Posted: December 15, 2011 at 4:25 PM EST
RIMM earnings: Revenue of $5.2 billion, up 24% from last quarter — BlackBerry smartphone shipments of 14.1 million, up 33% from Q2
BBA Brian ( View Profile) Guru - Posts: 2094
Posted: December 15, 2011 at 4:30 PM EST
Not too bad really… not as big a hit as we all thought
PDM Not Registered
Posted: December 15, 2011 at 4:34 PM EST
Stocks are already taking a battering… down 5% last time I looked…
PDM Not Registered
Posted: December 15, 2011 at 4:36 PM EST
@WSJDealJournal: RIM’s sad earnings quote amounts to “we’re going to still stink for awhile longer. Don’t hate us.”
BBA Brian ( View Profile) Guru - Posts: 2094
Posted: December 15, 2011 at 4:37 PM EST
Meh its not that bad… could have been ALOT worse
PDM Not Registered
Posted: December 15, 2011 at 4:38 PM EST
@thehartley: RIM shares now down about 7% after hours. Which isn’t nearly as bad as the 18% they dropped last quarter.
BBA Brian ( View Profile) Guru - Posts: 2094
Posted: December 15, 2011 at 4:41 PM EST
4.9 billion on the high side isn’t too bad for a dead company lol
PDM Not Registered
Posted: December 15, 2011 at 4:46 PM EST
Ohhh dear… WSJ piling in as well…
BlackBerry’s Research in Demotion http://on.wsj.com/ssP0Q3
@RolfeWinkler: Research in Demotion: Q4 expectations were for $5.1b rev, $1.29 EPS. RIM guide: $4.6-$4.9b & $0.80-$0.95