"SAN FRANCISCO (MarketWatch) -- Research In Motion net income soared 72% for its second fiscal quarter on strong sales of its BlackBerry wireless devices. However, the Waterloo, Ontario-based company shares dropped more than 15% in after-hours trading after the company also issued a weaker-than-expected earnings forecast for the current period -- suggesting that expenses will remain high as it tries to launch several new devices. "
Last edited by jessep28 : 09-25-2008 at 04:45 PM.
Reason: Change Article Quote, Make URL a hyperlink
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Yeah, I believe their product cycles have misfired a bit and they are taking a hit for it.
Cheers,
Mason
"If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. No Nation could preserve it's freedom in the midst of continual warfare." -- James Madison.
Yeah, I believe their product cycles have misfired a bit and they are taking a hit for it.
Not necessarily.
They are pushing a lot of products out in a relatively short period of time. The costs to launching so many products are going to push the stock price down in the short term. Providing these new devices are successful, we should see profitability and thus stock price bounce back up.
RIM 2nd Quarter NI Up 72%, Shares Drop -
09-25-2008, 04:42 PM
