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RIM (RIMM +1.7%) is due to release its FQ2 earnings later, with analysts expecting that the...

RIM (RIMM +1.7%) is due to release its FQ2 earnings later, with analysts expecting that the beleaguered smartphone maker swung to a loss per share of $0.47 from a profit of $0.80 a year ago as revenue cratered 40% to $2.49B. Shares have risen over the past couple of days, boosted by CEO Thorsten Heins saying that RIM's subscriber base has grown by 2M in recent months to 80M vs. forecasts for a decline.
Comments (8)
  • pabcanc
    , contributor
    Comments (222) | Send Message
     
    If rim is depending on the large poorer markets with very low profit marginand so much competition already ...means that they think that they have already failed with their latest bb10 technology...paul m sykes
    27 Sep 2012, 10:13 AM Reply Like
  • Gene Chan, CFA
    , contributor
    Comments (244) | Send Message
     
    Is this a joke? BB10 is not out yet.
    27 Sep 2012, 11:03 AM Reply Like
  • bedrock65
    , contributor
    Comments (637) | Send Message
     
    no it's not a joke it's just the continuance of the uninformed
    27 Sep 2012, 11:36 AM Reply Like
  • sreimer77
    , contributor
    Comments (241) | Send Message
     
    The new blackberry phone is light years ahead of the Iphone. It has the ability to support multi-tasking, aka running a number of applications simutaneously, sleak design and seemless flow between applications. Something the Iphone cannot do! I have been using the Playbook, which for those who know is basically the operating system for the new Blackberry phones and it is very user friendly. My 5 year old daughter has access to both my playbook and my wifes Ipad. She always requests the playbook first. For the simple reason that web-sites are fully-intereactive. There really is no need for so many APP's. If I want to access Bank of America, I click on the logo in my favorites! No app requried! I have a number of web-sites bookmarked such as PBSkids and within these sites are thousands of games, videos and activities. One nice thing about BB10 is its ability to separate personal and business data. Giving the security concerns of the 21st century, this is a issue. Giving that most of RIMM's subsriber base will buy the new device, their gonna sell quite a few new smartphones. Just imagine when any government, military or defense contractor allows their employees to upgrade, RIMM will be selling thousands of phones to each individual customer. Compare this to Apple selling thousands of phones to thousands of people.

     

    80% of RIMM's outstanding shares are held by large institutions. When you add individual investors, it is that much higher. So has is it possible for 10% of the outstanding shares to be traded in one day, when their really is only 10% available for purchase? The average daily volume equates 5% shares outstanding. So over the course of 20 days, all shares have exchanged hands. yet, 80% are held by large institutions, of which none have reported any large sales. Since 16% of the shares are already shorted, how the hell does 5% of outstanding shares trade daily, with spikes up to 10% on days like yesterday? Again, these % do NOT include the average retail investor who may hold shares of which includes me. A short squeeze is coming. RIMM cannot go bankrupt as they have no creditors! So for all who spread fictitious rumors about their demise and propagating lies and deceit, the time is coming for them to be burned. Has anyone ever heard of a company deciding to go bankrupt voluntarily? Were just gonna quit and close down the shop because the market says so.

     

    Ridiculous! Apple will fall from its glory while RIMM and Nokia continue to chugg along and eat away at IOS and Android!
    27 Sep 2012, 11:30 AM Reply Like
  • bedrock65
    , contributor
    Comments (637) | Send Message
     
    I do share your BB10 enthusiasm however Apple will not fall from its glory, Apple has an entrenched user base that will follow. I strongly believe Android's leading position in the smartphone market will be wittled away by Apple and BB10 and possibly WP8.
    27 Sep 2012, 11:42 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4752) | Send Message
     
    Interesting, but I'm wondering how you got your qualifications without being able to distiguish between "their" and "they're/there", and write "is a issue" and "so has is it "...
    27 Sep 2012, 11:47 AM Reply Like
  • bdy
    , contributor
    Comments (157) | Send Message
     
    Long rimm into earnings via a small option position opened wednesday. I sold half for a profit but I'm thinking pot odds are in the favor of betting long. might be wrong but risk to reward seems favorable.
    27 Sep 2012, 03:46 PM Reply Like
  • gwynfryn
    , contributor
    Comments (4752) | Send Message
     
    I think you are right; it's the short term that's problematical, so congrats on your profit!
    28 Sep 2012, 09:07 AM Reply Like
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