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Technology Stocks : Apple Inc.
AAPL 277.96-0.3%Dec 8 3:59 PM EST
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To: Keith Feral who wrote (103149)9/16/2010 7:06:21 PM
From: OrionX  Read Replies (1) of 213173
 
" What a tremendous waste of resources to tweak earnings by 2 cents. "

IMO, that was not the reason Rimm bought back shares but to keep share price from dropping and thus losing millions to the insiders.
2 cents for earnings is peanuts when just the currency exchange can add/remove much more than that.

Have no position in Rimm but have bounced it around in my mind many times and always come out with the feeling they have missed the boat. Innovation is not part of Rimm's genetics and their products show it in spades. Blackberries are still pagers with a bigger screen and a keyboard. Their private network is slowly becoming inessential although I believe it already has lost it purpose and advantage.
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