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Research In Motion (RIMM +12.6%) remains up sharply, as shorts cover following an FQ2 beat...

Research In Motion (RIMM +12.6%) remains up sharply, as shorts cover following an FQ2 beat fueled by (relatively) healthy emerging markets sales. Scotia Capital is upgrading RIM to Sector Perform, but most on the Street remain cautious, if not pessimistic. Jefferies thinks aggressive promotions and upgrade promotions helped drive the beat, and that ARPU suffered along the way. Sterne Agee notes receivables are down $1B over the last 2 quarters. (more) (transcript)
Comments (3)
  • pabcanc
    , contributor
    Comments (222) | Send Message
     
    Thanks RIM for the 12% spike i have almost broken even now..
    The lucky sellers today have certainly made a fortune !. I have to keep mine in case they decide to use my "Paradigm Shift" technology for the new BB10..paul m sykes
    28 Sep 2012, 10:39 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    Paul, I feel for you; from here it can go in any direction, can't it? I'd hate to be at break even in this situation!
    28 Sep 2012, 11:23 AM Reply Like
  • redwoodsman
    , contributor
    Comments (112) | Send Message
     
    Hold on to RIM till at least Q2 and you won't be sorry. The Q1 stats will be in BB10 will be in gear, along with QNX OS.....
    2 Nov 2012, 12:49 PM Reply Like
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