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To: butschi2 who wrote (168599)	12/3/2008 8:11:18 AM
From: DebtBomb	Respond to of 306849

Research in Motion lowers 3Q outlook Tuesday December 2, 10:40 pm ET BlackBerry maker Research in Motion trims third-quarter outlook on strong dollar, weak economy SAN FRANCISCO (AP) -- BlackBerry maker Research in Motion Ltd. on Tuesday lowered its forecast for its third-quarter revenue and earnings per share, citing the impact of the strong dollar and the weak U.S. economy. The Waterloo, Ontario-based company said it now expects its adjusted earnings per share to be in a range between 81 cents and 83 cents for the quarter that ended Nov. 29. That's down from its initial forecast of between 89 cents and 97 cents per share. Analysts had been expecting, on average, 91 cents per share, according to a survey by Thomson Reuters. The lowered forecast was "primarily due to the lower-than-estimated revenue and the unfavorable impact of the strengthening U.S. dollar during the quarter," RIM said. It said it now expects third-quarter revenue to be in a range between $2.75 billion and $2.78 billion, down from a previous range of $2.95 billion to $3.10 billion. Analysts had expected revenue of $2.96 billion. RIM said two-thirds of the difference in the revenue forecast was due to lower-than-estimated unit shipments of existing products, which it attributed to the weak U.S. economy and shifts in product launch dates within the quarter. It said its gross margin for the quarter would be between 45 and 46 percent, which it described as lower than expected. RIM said it expects the number of net new BlackBerry subscriber accounts added in the quarter to be about 2.6 million, lower than the 2.9 million forecast earlier. But it cited strong customer response to its new BlackBerry phones launched in the current quarter and noted "strong momentum" in recent weeks. "Initial sales of new products have been very positive ... however product launch timing, general economic conditions and foreign exchange volatility have tempered our results in the third quarter," said Jim Balsillie, the company's co-chief executive. Earlier Tuesday, RIM's shares fell to their lowest levels since 2006 after a J.P. Morgan analyst cut his earnings forecasts due to the global economic crunch. The stock fell $2.48, or 6.2 percent, to close at $37.32. Earlier, it went as low as $35.76. As late as June, the stock hit $148.13. The company is due to report its third-quarter results on Dec. 18. biz.yahoo.com

To: butschi2 who wrote (168599)	12/3/2008 8:18:53 AM
From: DebtBomb	Read Replies (3) \| Respond to of 306849

"JPM and Bac will be perhaps first in line for their second bailout, before Citi gets its third bailout." Uh....yeah....and then the automakers will be back for more.....people just don't get it....it's pissing money away.

To: butschi2 who wrote (168599)	12/3/2008 8:25:39 AM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

You can't bail out trillions with billions....it's BS!

To: butschi2 who wrote (168599)	12/3/2008 8:28:56 AM
From: DebtBomb	Read Replies (2) \| Respond to of 306849

So far, the morons have pissed away about 7 trillion dollars. If they would have sent that money to the public to spend....each of us would have had about 60k to spend....think about it. Instead....the taxpayer is now on the hook for about 6k each....to bail out the rich wall street gamblers who are too stupid to even use it correctly.

To: butschi2 who wrote (168599)	12/3/2008 8:53:18 AM
From: Bank Holding Company	Respond to of 306849

I hope you are wrong. That is just too painful to comprehend. The congress is dumb and dumber.

To: butschi2 who wrote (168599)	12/3/2008 11:49:06 AM
From: ChanceIs	Respond to of 306849

>>>Citi will come back for more, in no way they can sustain there derivatives and their $2 trillion balance sheet + off balance sheet with this small bailout with an economy hitting the wall. <<< It is more than past time for the government to cut the Gordian Knot. By that I mean: 1) Take the all toxic crap for $0.50 on the dollar. The government can decide how to deal with that later. 2) the government should flat out void all credit default swaps. 3) If the banks, hedge funds, etc are too badly crippled by the above, then the government can start working on bailouts - knowing with complete confidence that there are no more ticking bombs in on or off balance sheet accounts. 4) The government should fire all the senior management of the large banks and ban them from the profession for life. Remember - almost all say we should cast moral hazard to the wind, but there are ways to mitigate that and taking a pound of flesh from managements hide will be one. MBA schools do teach ethics. Five years from now some professor might mention what happened to Robert Rubin when he failed to live up to his risk management responsibilities. 5) Needless to say, the common of all the banks should be canceled today and resold to investors tomorrow with the new management. The underlying (absent manic real estate loans) banking business is sound and quite necessary. Hey!!!! If the shareholders weren't going to the annual meetings and asking about zero LTV mortgages, then F'em. Citi holders are still getting a penny dividend. Its outrageous. We aren't getting anywhere the way we are going. I can't tell you how many layoffs are from what would amount to short term financing squeezes or higher borrowing costs. While I loath government intervention, I see the necessity here. Pumping $$$ into preferred share of banks is throwing money down a rathole. The above won't be fair, but we are talking an emergency. I know what we are currently doing is way unfair to me as a taxpayer.