SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (32990)6/22/2001 3:06:47 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 70232
 
RIMM commentary from thestreet.com.

Nonetheless, RIM, maker of the BlackBerry pager, did not manage to get into the black with the revenue from its handhelds, but instead needed $9.2 million in interest income to hit its earnings mark.

[This would have been modelled for by the analysts though, so what are these guys implying.]

The number of new BlackBerry subscribers grew slower than expected with the company adding 47,000 of them, a decline from the previous quarter. Last quarter RIM shipped 79,000 BlackBerry devices to its resellers, but that number fell to 67,000 this time around.

[This is not good for a growth stock. Unless there is some seasonal weakness that can account for this then their product is maturing and the mature may be saturated for the ones they are in.]

[Inventory does not appear to be a problem as they are still building from a small base.]

thestreet.com