On the eve of Research in Motion’s Third Quarter Fiscal 2012 earnings call, shares in the company dropped to their lowest level since May of 2004, down 2.5% closing at $15.08.
Back at the beginning of the month RIM adjusted guidance warning that it would be at the low mid-point of what it had previously forecast and that it would record a $485 pre-tax provision for BlackBerry PlayBook inventory which the company had to deeply discount to move.
RIM’s earnings call later today should prove to be an interesting one… What do you think will happen with RIM’s stock price (RIMM)?
Tanking once again. before a brief recovery… short short short short…