RIM Is Going To Restate Results

We’re still waiting for the press release to show up on RIM’s site, however, I just heard on Squawk Box that BlackBerry maker, Research in Motion, is going to restate financial statements going back as far as 2004 because of erroneous stock option grant reporting that could lower RIM’s earning by a quarter billion dollars.

That’s a lot of money. It isn’t “settle with NTP money”, but still, a lot of money. It will be interesting to see what RIM (RIMM) does in the markets today.

UPDATE: Here is the official word from RIM…

Written by Robb Dunewood on March 5th, 2007 with no comments.
Read more articles on BlackBerry News and Press Release and RIM.

Related articles

No comments

There are still no comments on this article.

Leave your comment...

If you want to leave your comment on this article, simply fill out the next form:




You can use these XHTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> .

This is the content of the ad4.php file. Leave it blank or include your ad.