BlackBerry Forums Support Community
              

Closed Thread
 
Thread Tools
Old 09-25-2008, 03:42 PM   #1
jessep28
Thumbs Must Hurt
 
Join Date: Feb 2007
Location: Omaha, NE
Model: 9630
OS: 5.0.0.732
Carrier: Sprint
Posts: 82
Default RIM 2nd Quarter NI Up 72%, Shares Drop

Please Login to Remove!

RIM earnings surge on BlackBerry sales

Quote:
"SAN FRANCISCO (MarketWatch) -- Research In Motion net income soared 72% for its second fiscal quarter on strong sales of its BlackBerry wireless devices. However, the Waterloo, Ontario-based company shares dropped more than 15% in after-hours trading after the company also issued a weaker-than-expected earnings forecast for the current period -- suggesting that expenses will remain high as it tries to launch several new devices. "

Last edited by jessep28; 09-25-2008 at 03:45 PM.. Reason: Change Article Quote, Make URL a hyperlink
Offline  
Old 09-25-2008, 07:20 PM   #2
smartphonefan
New Member
 
Join Date: Sep 2008
Model: 8320
PIN: N/A
Carrier: AT&T
Posts: 1
Default

That's because people are holding off buying BB and wait for the new Bold and Storm.
Offline  
Old 09-25-2008, 08:19 PM   #3
masonfoley
Talking BlackBerry Encyclopedia
 
masonfoley's Avatar
 
Join Date: Oct 2004
Location: Atlanta, GA
Model: 9000
Carrier: AT&T
Posts: 221
Default

Yeah, I believe their product cycles have misfired a bit and they are taking a hit for it.
__________________
Cheers,
Mason

"If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. No Nation could preserve it's freedom in the midst of continual warfare." -- James Madison.
Offline  
Old 09-25-2008, 09:54 PM   #4
jessep28
Thumbs Must Hurt
 
Join Date: Feb 2007
Location: Omaha, NE
Model: 9630
OS: 5.0.0.732
Carrier: Sprint
Posts: 82
Default

Quote:
Originally Posted by masonfoley View Post
Yeah, I believe their product cycles have misfired a bit and they are taking a hit for it.
Not necessarily.

They are pushing a lot of products out in a relatively short period of time. The costs to launching so many products are going to push the stock price down in the short term. Providing these new devices are successful, we should see profitability and thus stock price bounce back up.

Last edited by jessep28; 09-25-2008 at 09:56 PM..
Offline  
Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


Commodore Amiga Time Base Corrector VT-2000 TBC II Digital Processing picture

Commodore Amiga Time Base Corrector VT-2000 TBC II Digital Processing

$239.99



NEW OPTICAL LASER PICKUP HEAD for AMIGA CD 32 SYSTEM CONSOLE picture

NEW OPTICAL LASER PICKUP HEAD for AMIGA CD 32 SYSTEM CONSOLE

$31.68



DB23 connectors for soldering. 23-pin D type for Amiga. Male / Female / Hoods picture

DB23 connectors for soldering. 23-pin D type for Amiga. Male / Female / Hoods

$12.32



RADSTONE VME BOARD PME 68-33 MOTOROLA 6800 33Mhz AMIGA PPC picture

RADSTONE VME BOARD PME 68-33 MOTOROLA 6800 33Mhz AMIGA PPC

$185.00



MisTer RTC V1.3 Real Time Clock Board for MisTer FPGA picture

MisTer RTC V1.3 Real Time Clock Board for MisTer FPGA

$15.99



1 piece TS68000CP12 | 12MHz | DIP64 | 68000 | Atari Commodore AMIGA500 A2000 CDT picture

1 piece TS68000CP12 | 12MHz | DIP64 | 68000 | Atari Commodore AMIGA500 A2000 CDT

$15.90







Copyright © 2004-2016 BlackBerryForums.com.
The names RIM © and BlackBerry © are registered Trademarks of BlackBerry Inc.