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…
Leave a Reply