Linked by Thom Holwerda on Thu 24th Sep 2009 22:53 UTC, submitted by haus
Research In Motion said Thursday its earnings slipped 4% in its second fiscal quarter as a legal settlement charge offset strong sales of the company's popular BlackBerry devices. Shares of RIM fell more than 11% in late trading following the report and conference call. The company issued an outlook for the current period that was below Wall Street's expectations. Analysts also said the strong run-up on the stock price over the last few months made the company vulnerable to high expectations.
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Member since:
2009-08-18
Their current condition is the result of many factors but a considerable portion of it has to faulty hardware resulting in high return rates.
Another is the company having to do major (for Rim) acquisitions (Torch Mobile) to compensate for browser shortcomings.
And yet another is the company having to offer buy one get one free promotions to increase share at the expense of profits.
The list goes on and on and on...
Edited 2009-09-25 05:58 UTC