Research In Motion (RIMM): Q2 EPS of $1.03 beats by $0.03. Revenue of $3.5B (+37%) vs. $3.6B....


Research In Motion (RIMM): Q2 EPS of $1.03 beats by $0.03. Revenue of $3.5B (+37%) vs. $3.6B. Sees Q3 revenue of $3.6B-3.85B vs. $3.92B. Shipped about 8.3M devices and added 3.8M net new BlackBerry accounts, to total of 32M. Shares -10.3% AH. (PR)
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Comments (3)
  • TechStockMan
    , contributor
    Comment (1) | Send Message
     
    Do you think RIMM will rebound?
    24 Sep 2009, 04:18 PM Reply Like
  • Paul Zimbardo
    , contributor
    Comments (573) | Send Message
     
    @TechStockMan

     

    RIMM will definitely rebound. This is not a case of a company performing poorly - their revenues were up 37% in a recession! RIMM is now fully locked into the consumer market and will continue to experience huge growth. iPhones are much better than Blackberries in general (disclosure: I own both a blackberry and three iPods of varying models) but there is still plenty of room in the market right now.

     

    For further proof that RIMM will rebound eventually, take a look at what happened in June when it released its last earnings.

     

    digitaldaily.allthings...

     

    Investors in RIMM just have a habit of getting ahead of themselves then punishing the company for missing their lofty expectations.

     

    On Sep 24 04:18 PM TechStockMan wrote:

     

    > Do you think RIMM will rebound?
    24 Sep 2009, 07:29 PM Reply Like
  • Ryu Mei Co
    , contributor
    Comments (222) | Send Message
     
    I disagree, imo, consumer spending are not down but will experience stagnant growth! Thus, I am very negative in RIMM and Palm (Palm is down too btw!) Fundamentally, it may look good, but is it sustainable for the next few quarters? I have many doubts. Moreover, it is a selling pressure right now, if I like RIMM, I suggest wait for a few more weeks.
    24 Sep 2009, 09:45 PM Reply Like
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