lucky lenny

Research In Motion Not Likely to Spend $1.2B on Share Repurchase Program

James, i believe RIMM's sales are growing; albeit not as fast as apple's. From a personal level, I don’t know of too many people whose companies have switched from Blackberry to the iphone, android, or any thing else. In most companies I know, IT & everyone insist that security is #1 priority. BB does it all & is the most secure; so we're not switching. So I have to believe your premise of dropping sales is just wishful thinking; however, if u know BB's sales are really dropping, kindly post your source.

Research In Motion Not Likely to Spend $1.2B on Share Repurchase Program

Duru, I’ve learned to ignore the stock price; which could be based on many factors. RIMM can easily pull off the buyback; and then some. RIMM is making about $550 mill/qtr; or about $2.2 bill/year + RIMM is sitting on about $2.4 bill in cash & invesmtnts. Provided RIMM’s profits continue at this rate, the stock buyback is only about 6 months of income and can very easily take place.