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RIM co-CEO Mike Lazaridis shows off the BlackBerry PlayBook tablet.  (Source: CNET.com)
First-quarter earnings results not likely to impress

The uphill battle for BlackBerry manufacturer Research In Motion continues to steepen. The Canadian company is expected to announce its first quarter results after markets close today, and as RIM predicted back in March, the results will prove to be disappointing. 

Reuters reports that RIM will announce first-quarter earnings of $1.32 a share and revenue of $5.1 billion. That's at the low end of RIM's $1.30-$1.37 per share earnings prediction it issued in April. Current quarter earnings are expected to be $1.36 a share with revenue of $5.4 billion.

RIM promised a better full-year outlook, which hinges largely on the success of its PlayBook tablet. But rumors of a BlackBerry Torch and Storm smartphone updates remain just that — rumors, causing investors to get nervous Reuters reports. 

"We believe RIM has now squandered nearly every opportunity and competitive advantage it enjoyed through ineffective R&D resource management, delayed product launches and misreads of the competitive environment," Morgan Stanley analyst Ehud Gelblum wrote in a note to clients, Reuters reports. 

But smartphone versions of the PlayBook tablet are in the works, according to RIM, and the tablet itself is set to launch worldwide. 

According to a Reuters poll of 21 analysts, RIM is expected to ship 700,000 tablets in the current quarter. If results of first-quarter sales for the PlayBook prove to be greater than 370,000, that will already exceed low expectations. (By comparison, the iPad sold 2 million units in its first two months, and the Android-based Motorola Xoom sold 250,000 units in its first month.)



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sold all my RIMM
By luv2liv on 6/16/2011 8:29:47 AM , Rating: 2
sold all the shares i have of RIMM last week. feels stupid i bought at 100/share around 2007. oh man....




RE: sold all my RIMM
By gamerk2 on 6/16/11, Rating: -1
RE: sold all my RIMM
By slunkius on 6/16/2011 9:17:09 AM , Rating: 4
quote:
Never buy a stock after its started its rise, always buy after it drops. Buy low, sell high.


wow, i bet banks are knocking at your door to get more guru advice from you

o by your logic, since nokia and RIM shares have dropped, it is a wise move to buy the now?


RE: sold all my RIMM
By Targon on 6/16/2011 10:48:49 PM , Rating: 2
Considering how the economy has tanked over the past few years, you can't feel bad that you bought at the wrong time. RIM has not been really innovative over the past five year though, so that should have warned you. Hell, Palm showed more innovation with the Palm Pre, and the biggest fault was the low-quality of the initial builds.

Now, I see Apple going the way of RIM over the next few years. MacOS X....still going strong since 2001, not much in the way of changes...stagnation. iOS...not really all that different from the UI perspective since the original iPhone...stagnation.

The companies that keep pushing, not just "new technologies", but new and hopefully better ways to use devices are the companies to watch and invest in.

Unless MacOS 11 is in the works and ready for release within the next two years, Apple is going to really get clobbered with people saying, "Why can't Apple do THIS?!?"


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