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Daily Report: Another Setback for RIM

By THE NEW YORK TIMES

Research in Motion announced it was further delaying the introduction of its new line of BlackBerry smartphones until 2013, a setback that has further eroded confidence in the company. The latest delay, which was announced along with a $518 million loss in the company's first quarter, increased doubts among analysts and investors about RIM's future

source: bits.blogs.nytimes.com

29 Jun 2012

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Former BlackBerry Chief Says Board Asked Him to Stay In Charge

feeds.mashable.com Christina Warren 56 days ago

mike lazaridis

globe and mail

running blackberry

jim balsillie

blackberry rim

Amidst Thursday's news that BlackBerry sold 1 million BlackBerry 10 smartphones last quarter, the company also announced that co-founder and former co-CEO Mike Lazaridis has retired from the company's board of directors.Lazaridis and co-CEO Jim Balsillie stepped down from running BlackBerry (then called Research in Motion) last January and Thorsten Heins took their place.In an interview with Canada's The Globe and Mail, Lazaridis says that he was asked to stay-on as CEO by the board of directors. "I was asked by the board to reconsider my decision. They wanted me to stay on and help," Lazaridi... Read similar

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Groupon's Q1 Results: Beats With $601.4 Million In Revenue, Stock Up 11% In After-Hours Trading

techcrunch.com Frederic Lardinois 15 days ago

cash and cash equivalents

Groupon just reported its earnings for its first financial quarter of 2013. The company, which is still looking for a new CEO after the ouster of Andrew Mason in February, posted a $0.01 loss per share but says its non-GAAP EPS excluding stock-based compensations was $0.03. Its revenue was significantly higher than expected with $601.4 million in sales, compared to $0.02 earnings per share (EPS) on $559.3 million of revenue in the year-ago quarter. Wall Street clearly likes these numbers. The stock is already up over 11% and currently trading around $6.23. The expectation among financial analy... Read similar

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RIM Still Unable to Clarify Its Fee Structure

bits.blogs.nytimes.com By IAN AUSTEN 121 days ago

As Research in Motion prepares to introduce the BlackBerry 10, the company has been very cagey about the fees it will charge corporations for using the device's network. The fees have been an important part of RIM's profits and analysts are concerned about a possible decline in revenue.Read similar

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RIM Ready to Rock its Six BB 10 Smart Phones

blackberryrocks.com Thea Neuman 131 days ago

The latest Blackberry 10 OS is to be launched within a few weeks from now by Research in Motion (RIM) that is giving some precious insights into its strategy for 2013. Initially, only two BlackBerry 10 devices are to be …Read similar

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AMD Q1 2013 earnings: softer $146 million net loss on $1.09 billion revenue

www.engadget.com Zachary Lutz 35 days ago

Just two days after the earnings report of its storied rival, AMD has followed suit with a Q1 2013 earnings report of its own. The company reported a net loss for the quarter of $146 million, which stings, but isn't quite so painful as the $473 million loss that it took just one quarter earlier. Meanwhile, AMD revenue of $1.09 billion is more or less flat from the previous quarter, but has fallen by $500 million since Q1 of the previous year. The announcement was enough to make investors wince, as AMD's stock price is now declining in after-hours trading. As for a silver lining, AMD emphasiz... Read similar

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HP Beats Expectations With Revenue of $28.36B, $1.2B Earnings And EPS Of $0.82 For Q1 2013

techcrunch.com Frederic Lardinois 91 days ago

meg whitman

accounting fraud

electronic data systems

earnings report

earnings per share

HP just released its Q1 2013 earnings report and for once, the company beat analyst expectations: revenue was once again down 6% to $28.4 billion, but still higher than most analysts expected. The company reported an income of $1.2 billion and EPS of $0.82. Last quarter, HP still reported earnings of $30 billion and a net loss of $6.9 billion after its $8.8 billion write-down due to alleged accounting fraud at Autonomy prior to HP acquiring the company. The stock market is reacting very positively to this news. HP’s stock is currently trading at $18.35 in after-hours trading, up $7.3%. T... Read similar

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RIM Q3 2013 Earnings show customer loss and profit gain

www.slashgear.com Chris Burns 154 days ago

Whatever works, they always say, and thus it is with RIM’s newest earnings call in which they’ve got a profit showing in their 2013 fiscal third quarter, but appear to have indirectly payed for it with a loss of subscribers. One of the big reasons the company that’ll soon be delivering BlackBerry 10 showed a Read The Full StoryRead similar

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RIM Revolutionized

blackberryrocks.com Thea Neuman 113 days ago

Over the past few months, there were talks of a possible buyout of Research In Motion (now BlackBerry). But analysts played down the threat by pointing out that RIM was a national treasure for Canada. Just like Samsung is to …Read similar

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RIM rebrands as BlackBerry

www.slashgear.com Chris Davies 113 days ago

blackberry rim

rim blackberry

research in motion

RIM has announced it will rebrand itself, dumping the old Research In Motion name and instead adopting “BlackBerry” globally. Revealed just ahead of the official launch of BlackBerry 10, the new name harmonizes the Canadian company with the product it’s best known for. The new BlackBerry – the company, that is – is “re-designed, re-engineered, Read The Full StoryRead similar

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RIM prepping Super Bowl ad to introduce BlackBerry 10 to the world

www.engadget.com Brad Molen 118 days ago

integrated marketing campaign

Get yo' popcorn ready. When your company is announcing the latest and greatest mobile OS, why not seize the opportunity to scrape up a few million bucks to make sure the entire world gets a proper introduction? Research in Motion will be forking out for a Super Bowl spot (which averages $3.8 million this year), as part of an effort to get the word out about BlackBerry 10. Let's just hope it's not shown the exact moment 40 million people head to the fridge. A little presser can be found past the break. Show full PR text January 25, 2013 - Today Research In Motion (RIM) (NASDAQ: RIMM; T... Read similar

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RIM: A brief history from Budgie to BlackBerry 10

www.engadget.com Jon Fingas 115 days ago

Listen to much of the chatter about Research in Motion today and you'll hear the launch of BlackBerry 10 described in almost apocalyptic terms. All-or-nothing. Live-or-die. Make-or-break. There's some truth to the extreme language, but BlackBerry 10 is really just the latest in a series of transformational moments for a company that has frequently had to adapt to survive. In that sense, the appreciation for crises and opportunities is almost as natural as breathing for RIM. What's less certain is whether or not the company in 2013 is as capable of wholesale shifts in strategy as it was for m... Read similar

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Meanwhile, Apple Stock Just Crashed To A New Low

www.businessinsider.com Henry Blodget 38 days ago

The market got clobbered yesterday, and so did Apple. Apple's stock closed at $419.85--its lowest closing price since its slide from $700 began last September. Apple is now down 40% from its peak. And anyone who has bought Apple in the past year and held it has lost money on it. What's going on with Apple's stock? How low could it go? When might we see a bottom? On the first question, there are several things going on with Apple's stock. I'll discuss them in detail below. On the second question, the answer is, "probably not much lower...unless the business takes another turn for t... Read similar

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BlackBerry Enterprise Service 10 now up for download (video)

www.engadget.com Alexis Santos 121 days ago

mobile device management

personal hardware

brief glimpse

consolidated solution

enterprise service

BlackBerry's just served up fresh tools to replace its Mobile Fusion brand and help businesses manage employee phones: BlackBerry Enterprise Service 10. BES 10, which is now available for download, not only supports the upcoming fleet of BB 10 phones and existing BlackBerry hardware, but Android and iOS devices as well. With the software, businesses can use a web-based interface to manage applications and data on company-issued devices or personal hardware that's welcomed into the fold. Also, Heins and Co. are baking in their BlackBerry Balance tech to help separate data and apps between wor... Read similar

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RIM Is Getting Demolished (RIMM)

www.businessinsider.com Jay Yarow 154 days ago

mobile device management

Research In Motion has been down as much as 17.9% this morning. The stock recovered slightly, and now it's down 13% after last night's earnings report. This is the biggest one-day drop since June 29. Which, it just so happens, was the day after it reported earnings and announced 5,000 jobs would be cut. Last night's earnings report safely beat expectations on the top and bottom line. But on the earnings call, CEO Thorsten Heins put a scare in the market by saying the company's services revenue could be at risk. RIM generated $982 million in service fees, which is "high-margin revenue" revenue,... Read similar

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Government Agency Will Give RIM Another Chance

bits.blogs.nytimes.com By BRIAN X. CHEN 160 days ago

research in motion

Perhaps there's hope for Research In Motion after all. A federal agency that announced plans to dump the BlackBerry for the iPhone says it's willing to give RIM's coming BlackBerry 10 smartphones a shot.Read similar

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BII MOBILE INSIGHTS: Mobile Ad Revenue To Top $11 Billion This Year

www.businessinsider.com Heather Leonard 125 days ago

association of national advertisers

Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today. Global Mobile Ad Revenue Will Reach $11.4 Billion This Year (Gartner via ZDNet)Worldwide revenue for mobile advertising will jump from $9.8 billion in 2012 to $11.4 billion in 2013, according to Gartner. The expansion in mobile revenue will result in new opportunities that app developers, ad networks, mobile platform providers, specialty agencies and communications firms can ... Read similar

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RIM's Q3 2013 earnings: $2.7 billion revenue, $114 million adjusted net loss

www.engadget.com Donald Melanson 154 days ago

discontinued operations

RIM has just announced its earnings for Q3 2013 (actually the three months ending December 1, 2012), including a five percent drop in revenue to $2.7 billion and an adjusted net loss of $114 million. GAAP net income from "continuing operations" was $14 million, though, or $9 million when taking into account the loss from discontinued operations, and it's reporting a cash increase of about $600 million to $2.9 billion. In terms of devices, RIM says it shipped 6.9 million smartphones during the quarter and 255,000 PlayBooks, although it's again only talking in terms of devices "shipped," not a... Read similar

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RIM is No More!

blackberryrocks.com Briley 113 days ago

Research In Motion is the name behind the Blackberry brand. At least, that’s what the company has been called, until now. CEO, Thorsten Heins announced during the livestream this morning, that RIM is now just called ‘Blackberry’. “One Brand, …Read similar

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Pandora Beats, Q3 2013 Revenue Up 60% To $120M, Net Income Of $2.1M; Q4 Forecast Much Lower Than Expected

techcrunch.com Romain Dillet 170 days ago

internet radio service

short term investments

music royalties

cash equivalents

inaccurate report

Internet radio service Pandora released its financial results for the Q3 2013, ending October 31 2012. Revenue is up 60 percent compared to Q3 2012 to $120 million. Pandora reported a non-GAAP earnings per share of $0.05. It represents a GAAP net income of $2.052 million. Advertising revenue was $106.3 million, a 61 percent year-over-year increase. Subscription and other revenue was $13.7 million, a 52 percent year-over-year increase. Analysts were expecting revenue of $17.1 million and non-GAAP EPS between breakeven and $0.01. Pandora’s earnings were higher than expected. At the same ti... Read similar

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Daily Report: A Million Users Desert BlackBerry, and Revenue Falls 48%

bits.blogs.nytimes.com By THE NEW YORK TIMES 154 days ago

Bad news -- again -- for Research in Motion. It lost a million BlackBerry owners worldwide during the company's last financial quarter, the first such decline in the device's history.Read similar

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