For those of you that follow Research in Motions stock price, you know that it has been rough for the the Waterloo, Ontario based company over the passed 5 or 6 weeks. Back on September 23rd, RIM’s stock (RIMM) was up over $88 per share. Yesterday it closed at $57.61.
That being said, RIM’s board has approved a stock repurchase of common shares valuing up to $1.2 billion. That comes to about 21 million shares based on current market prices. RIM can commence with the repurchase starting next Monday, Nov. 9th.
I am not an investment professional, nor do I offer financial advice. I guarantee, however, this will be discussed heavily on CNBC today, so, you may want to tune in.
Reasearch in Motion has officially introuduced the BlackBerry Tour Smartphone. The Tour is a World Edition BlackBerry the will be coming out on both Verizon and Sprint this summer.
by Robb Dunewood on December 15, 2008 · 2 comments
In time of economic downturn in Canada and flat out recession down here in the U.S., BlackBerry maker Research in Motion is looking to hire 1250 employees.
The openings are pretty much anywhere in the world where RIM has a development center, however, the majority of the jobs are based at the company headquarters in Waterloo, Ontario.
This is a pretty aggressive move with the roller coaster dive that RIM’s stock has taken over the several months. RIM is down alomst 5% today alone at the time of this posting. RIM does, however have a couple of dump truck loads of $10s and $20s sitting out on the back lot and this just goes to show what a company can do when that have a lot of available cash on their hands.
I was just listening to SquakBox on CNBC and and it looks like Research in Motion’s quarter is going to be worse than they initially thought it would be.
RIM is expecting it’s quarterly earnings for Q3 which just ended last month to be between 81 and 83 cents per share. That is down for the 89 to 97 cents per share that RIM guided at the beginning of the quarter.
The market hasn’t opened yet, however, RIM’s stock (RIMM) is down under $35 per share in after hours trading.
Let me start off buy saying that RIMarkable isn’t a financial blog and we don’t offer financial advice. That being said, however, I couldn’t agree more with Mad Money’s Jim Cramer when he says now is the time to buy stock in Research in Motion (RIMM).
This biggest thing to happen to RIM over the last year has been the release of the iPhone and I believe that the iPhone 3G will do as much if not more for BlackBerry sales simply because RIM has several next-generation devices coming out starting with the BlackBerry Bold in the next month or so.
RIM’s stock (RIMM) has gone up every time a new BlackBerry has come out and all indicators point in the direction of that trend continuing once RIM’s second half line-up of new devices start hitting the street.
It’s almost that time of the quarter where RIM tells us approximately how many dump truck loads of of 10s and 20s twenties they’ve made more than in the same period a year ago. RIM reports first quarter results for fiscal year 2009 on June 25th.
A conference call and live webcast will be held beginning at 5 pm ET, which can be accessed by dialing 416-640-1907 or by logging on at www.rim.com/investors/events/index.shtml. A replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 21252982#. This replay will be available until midnight ET July 9, 2008.
Research in Motion has recently purchased a 150,000 square foot data center in Plano, Texas. Many of you may have heard this last week, however, it is the first that we’ve heard about it so we are just posting it today.
Research in Motion nor Stream Realty Partners LP, the company that sold the space, would confirm that it was indeed RIM who bought the high-tech building on Pinecrest Drive in the Legacy Business Park in Plano, however, North Texas real estate sources have said that RIM will be the new tenant.
It seems like every time Research in Motion Reports it’s quarterly earnings that they have done significantly better than the same quarter the previous year. Well, the trend continues for RIM’s Q4 fiscal results.
To make a long story short RIM more than doubled it’s Q4 revenue coming in at $1.88 billion, up 102% from $930.4 million the same quarter last year. They almost doubled their year with fiscal year revenue of $6.01 billion. That is 98% over last years $3.04 billion.
To say that RIM is making money hand over fist selling BlackBerrys would be an undrestatement.
Let me start off buy saying that RIMarkable isn’t a financial blog and we don’t offer financial advice. That being said, however, I couldn’t agree more with Mad Money’s Jim Cramer when he says now is the time to buy stock in Research in Motion (RIMM).
It’s almost that time of the quarter where RIM tells us approximately how many dump truck loads of of 10s and 20s twenties they’ve made more than in the same period a year ago. RIM reports first quarter results for fiscal year 2009 on June 25th.
Research in Motion has recently purchased a 150,000 square foot data center in Plano, Texas. Many of you may have heard this last week, however, it is the first that we’ve heard about it so we are just posting it today.
It seems like every time Research in Motion Reports it’s quarterly earnings that they have done significantly better than the same quarter the previous year. Well, the trend continues for RIM’s Q4 fiscal results.
