BlackBerry announces job cuts as profits, stock plungeEconomic Times - 17 Jun, 2011TORONTO: BlackBerry maker Research In Motion (RIM)sank more than 15 percent during after-hours trading after Canada's top technology company released first-quarter results Thursday. As Waterloo-based RIM posted a much-lower-than-expected net income of ... |
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RIMM is truly dead. Still.MarketWatch (blog) - 17 Jun, 2011In case you had any doubt, RIMM is still truly dead, as I have been had the unfortunate job of predicting to much hatred and chagrin from RIMM longs over the last couple years. I don't know what else to say. I've been writing variations of this “RIMM ... |
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RIM slashes profit forecast, cuts jobsToronto Star - Mark Lennihan - 17 Jun, 2011Jim Balsillie, co-CEO of RIM, said devices launched in the coming months will bolster his company. Research In Motion Ltd. slashed its profit forecast late Thursday and announced plans to cut jobs as the BlackBerry maker faces the fallout from delays ... |
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BlackBerry slump to cost jobsWashington Post - Hugo Miller - 17 Jun, 2011Research in Motion, maker of the BlackBerry smartphone, forecast second-quarter revenue and profit that missed analysts' estimates and said it will cut jobs as a lack of new models prompts consumers to buy rival devices. ... |
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Phone rivalry drives down RIM earningsNewsday (subscription) - Rob Gillies - 17 Jun, 2011Photo credit: AP | In this May 3, 2011 photo, Nestor Martinez tries his hand on a racing game on the new Blackberry Playbook tablet on display at the Blackberry World conference in Orlando, Fla. ... |
Research in Motion reports decline in earningsLos Angeles Times - 17 Jun, 2011RIM reported profit of $695 million, or $1.33 per share, for the three months that ended May 28, compared with $769 million, or $1.38 per share, in the same period last year. Hurt by increased competition and the lack of new hit products, ... |
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RIM Profit Falls Below EstimatesNew York Times - Ian Austen - 17 Jun, 2011OTTAWA â€" After reducing its profit forecast seven weeks ago, Research in Motion, the maker of the BlackBerry, turned in earnings results on Thursday that were even worse than analysts' lowered expectations. ... |
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BlackBerry maker's stock plunges on outlook cutFinancial Times - Paul Taylor - 17 Jun, 2011Shares in Research in Motion plunged more than 15 per cent after the BlackBerry maker again slashed its earnings outlook due to product delays and falling market share in the US. The shares were down as much as $5.73 to ... |
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RIM CEOs defend problematic PlayBook launchCNET - Erica Ogg - 17 Jun, 2011The Co-CEOs of Research In Motion don't seem to have any regrets about how the launch of its PlayBook was handled. Which is rather interesting because, well, no one would say it went very smoothly. On the conference call after today's ... |
New BlackBerry delays a thorny issue as Research In Motion flags job cutsThe Australian - Stuart Weinberg, Phred Dvorak - 17 Jun, 2011BLACKBERRY maker Research in Motion forecast sharply weaker-than-expected full-year earnings today and said it would cut jobs, citing further delays in the launch of its newest line of smartphones. In after-hours trading shortly after the earnings ... |
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BlackBerry maker Research in Motion has disappointing earnings report, stock ...Los Angeles Times - 17 Jun, 2011Hurt by increased competition and a down economy, BlackBerry maker Research in Motion reported disappointing first-quarter earnings and lowered its outlook for the year, sending its shares plummeting Friday. The Canadian smartphone maker also plans to ... |
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Could the News Get Worse for RIM?Wall Street Journal (blog) - Jennifer Valentino-DeVries - 17 Jun, 2011The BlackBerry maker is getting pummeled this evening after cutting its earnings estimates for the year and announcing plans for layoffs. It's clear that BlackBerry is having a rough time competing with the likes of Apple ... |
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RIM Co-CEOs: Here's Why We Need Each Other And Why RIM Needs Us (RIMM)San Francisco Chronicle - Dan Frommer - 17 Jun, 2011As BlackBerry maker RIM continues to disappoint investors, calls are getting louder for one or both of its co-CEOs to step down. On tonight's earnings call, both CEOs showed up, and about halfway through their prepared remarks, made the case for their ... |
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RIM shares fall on lower outlook, job cutsAFP - 17 Jun, 2011MONTREAL â€" Shares in Research In Motion (RIM) plunged in after-hours trading Thursday after the BlackBerry maker lowered its outlook and announced plans to cut jobs. Shares in the Waterloo, Ontario-based company tumbled 14.04 percent to $30.35 in ... |
Research in Motion disappoints, but insists better days are aheadCanadianBusiness.com (blog) - Joe Castaldo - 17 Jun, 2011Research in Motion announced layoffs are pending as it released results for its first fiscal quarter Thursday that came in slightly below its own expectationsâ€"even after it issued a profit warning and lowered guidance in ... |
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Blackberry maker admits "challenging start" as it bets on PlayBookTelegraph.co.uk - Richard Blackden - 17 Jun, 2011Research in Motion, the underfire maker of the Blackberry smartphone, admitted that this year has got off to a “challenging start” as it cut profit forecasts for this quarter. The BlackBerry PlayBook has a front camera for video calling. ... |
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Blackberry maker cuts forecast: analysts reactTelegraph.co.uk - 17 Jun, 2011Research in Motion, the underfire maker of the Blackberry smartphone, has it cut profit forecasts for this quarter, announced job cuts and delays to the launch of new products. Here analysts give their reaction. "The company is going into the abyss of ... |
CORRECTED - UPDATE 3-BlackBerry maker slashes forecast, shares tumbleReuters - Alastair Sharp, Euan Rocha - 17 Jun, 2011TORONTO, June 16 (Reuters) - Research In Motion's (RIM.TO) (RIMM.O) quarterly profit dropped and revenue missed its own limp forecast, forcing the BlackBerry maker to slash its outlook and sending its shares down 15 percent on ... |
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Research In Motion Reports First Quarter Fiscal 2012 Results and Revises Full ...MarketWatch (press release) - 17 Jun, 2011Revenue for the first quarter of fiscal 2012 was $4.9 billion, down 12% from $5.6 billion in the previous quarter and up 16% from $4.2 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 78% for hardware ... |
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RIM earnings fall as forecast is slashedMarketWatch - Dan Gallagher - 17 Jun, 2011SAN FRANCISCO (MarketWatch) â€" Research In Motion Ltd. reported a drop in earnings for the first fiscal quarter on Thursday afternoon and slashed its full-year earnings forecast, signaling continued weakness in the ... |
Stocks to watch Friday: RIM, Capital OneMarketWatch - Wallace Witkowski - 17 Jun, 2011SAN FRANCISCO (MarketWatch) â€" Among the companies whose shares are expected to see active trade in Friday's session are Research In Motion Ltd., Capital One Financial Corp. and Crocs Inc. |
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RIM Falls 15%: FYQ1 Rev, Q2 View Miss; Cuts Year View; Plans Job Cuts, Share ...Barron's (blog) - Tiernan Ray - 17 Jun, 2011BlackBerry maker Research in Motion (RIMM) this afternoon reported fiscal Q1 revenue below analysts' estimates, but profit a penny ahead, and a Q2 revenue forecast well below estimates, and cut its year outlook. ... |
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Research in Motion announces job cuts after fall in revenueThe Guardian - 17 Jun, 2011Research in Motion's quarterly financial report was largely bad news, but the success of the PlayBook gave some encouragement. Photograph: Roberto Gonzalez/AP BlackBerry maker Research in Motion (RIM) has said it is looking to slash jobs and streamline ... |
Research in Motion Revenue Misses, Guidance UglyWall Street Journal (blog) - Mark Gongloff - 17 Jun, 2011AP The BlackBerry maker reported quarterly earnings of $1.33 per share on revenue of $4.91 billion. The street expected $1.32, on $5.14 billion in revenue. Guidance for the next quarter's revenue is $4.2 billion to $4.8 billion. ... |
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RIM wakes up, but too little, too late?MarketWatch - 17 Jun, 2011By MarketWatch SAN FRANCISCO (MarketWatch) â€" Research In Motion Ltd.'s management finally woke up to its worsening competitive position in the smartphone market, slashing its forecasts and firing workers, but is its new sense of urgency enough to get ... |
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RIM earnings miss revenue estimatesVancouver Sun - Jameson Berkow - 17 Jun, 2011Jeff McDowell, senior vice president of enterprise and platform marketing for Research in Motion, holds a prototype PlayBook, a seven-inch tablet, during an interview at the 2011 International Consumer ... |
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RIM Sells 500000 PlayBooks, 13.2 Million BlackBerrysInformationWeek - Eric Zeman - 17 Jun, 2011The fiscal first quarter wasn't great for Research In Motion, which is losing phone sales to Android phones and iPhones. Worse, some product delays loom. By Eric Zeman InformationWeek For its fiscal 2012 first quarter, RIM today reported revenue of ... |
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RIM Announces Layoff Plan As Products DelayedPC Magazine - Mark Hachman - 17 Jun, 2011Research in Motion reported a decline in profits on Thursday, although the company shipped more PlayBook tablets than expected. RIM also said product delays would force a series of layoffs, which executives called a "streamlining". ... |
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RIM Says Q2 Forecast Is Lower Than ExpectedPCWorld - Marc Ferranti, Stephen Lawson - 17 Jun, 2011Research In Motion missed analysts' lowered revenue forecasts for its fiscal first quarter and said its outlook for the second quarter was lower than expected, as it reported its first-quarter results ... |
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RIM: New BlackBerry devices will be 'worth the wait'ZDNet (blog) - Rachel King - 17 Jun, 2011Research in Motion reported dim earnings results for the first quarter on Thursday, and although prospects aren't expected to be much better in the next three months, at least some new BlackBerry devices are ... |
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