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AcousticHockey

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AcousticHockey

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Thursday, 03/29/2012 4:53:07 PM

Thursday, March 29, 2012 4:53:07 PM

Post# of 90887
RIMM CEO Stepping down after missing earnings & eps

Glad I bought puts today ;)
http://www.businessinsider.com/live-rim-earnings-2012-3



Research in Motion just released earnings, and on a first read it's ugly.

It missed on revenue and EPS, and it says it will stop giving guidance.

The stock is halted for trading right now.

Jim Balsillie, the company's former CEO, and current director, is stepping down from the board. RIM's CTO is stepping down.

Click here for the latest, or just refresh your browser.

Results versus street expectations for RIM (via Bernstein):

$4.2 billion versus $4.6 billion revenue
$0.80 EPS versus $0.81 EPS
Smartphone shipments 11.8 million
Net subscriber additions 4.4 million


No matter how big or how small...Green is Green :-)

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