Research In Motion (RIMM) 01 (Sep 08 - Oct 11)

[iam802]

RIM Cuts Profit Forecast as BlackBerry Demand Falls Short

http://www.bloomberg.com/news/2011-04-2 ... short.html

Research In Motion Ltd. (RIMM), facing intensifying competition from Apple Inc. (AAPL) and Google Inc. (GOOG), plunged in late trading after cutting profit forecasts on slower-than-expected demand for BlackBerry smartphones.

Profit this quarter will be $1.30 to $1.37 a share, Waterloo, Ontario-based RIM said today in a statement. The company last month forecast profit of $1.47 to $1.55 a share. Sales in the quarter ending May 28 will be “slightly below” the $5.2 billion to $5.6 billion the company had forecast.

RIM said BlackBerry shipments will be at the lower end of the range of 13.5 million to 14.5 million it projected last month, and the mix of devices will shift toward cheaper models.

...

[iam802]

RIMM breached $50.

[iam802]

figures taken from Finviz... with the drop below $50

--
P/E: 7.66
Forward P/E: 6.52
Debt/Eq: 0
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The question here is... will you buy the stock and hold long term?

Profit margin is still above 15%

[iam802]

http://www.globes.co.il/serveen/globes/ ... 2&fid=1725

AudioCodes partners with Blackberry

Sources believe the collaboration will generate millions of dollars in annual revenue for the VoIP solutions developer.
3 May 11 16:31, Shiri Habib Valdhorn

VoIP solutions developer AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) today announced a new strategic partnership with Blackberry maker Research in Motion Ltd. (RIM) (Nasdaq: RIMM). Sources believe that the collaboration will generate millions of dollars in annual revenue for the VoIP solutions developer .

...........

[iam802]

Research In Motion previous gap up play has failed miserably.

We can see how it has retrace and is now hanging on support level around 42.72



From the Ichimoku Weekly Chart for RIMM, we can see that a break below the support at 42.72 will bring it below $42.. all the way to the lows in 2008,

[kennynah]

bro... i think to trade it just like any liquid stock can be rewarding... but imo, this company is a goner in the long run...
what do you think?

[iam802]

I am shorting it on every bounced up.

[kennynah]

you champion !!!

[iam802]

RIMM has break its support at $42.72 and is now poised to head towards the lows in 2008 (around $35).

This is a fairly strong support as it was the lows of 2008 (during the financial crisis). It was tested twice and with it a ‘W’ pattern was formed and it rebounced off the levels.

So, what has changed since then?

1. RIMM is now lagging behind in the smartphone market; playing catchup to Apple’s iPhone (or iOS) and Google’s Android.

2. New competitors includes Nokia (with its partnership with MSFT) and HPQ with its webOS (formerly Palm).

3. Matured and slowing growth for its BlackBerry server.

I expect $35 to be supported first. Whether it will continue to hold will depend on its execution for its Playbook and other new smartphone devices based on the new platform (QNX).

Unfortunately, market demand is not with RIMM on the above. Apple’s iPhone commands a huge following, has a great established ‘App Store’ and the newly iCloud service will continue to lock in users and create demand from the younger generation as well (through music, videos and other digital consumption).

[iam802]

UBS cuts RIMM from $60 to $45 ( $15 cut!! )

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UBS Maintains a 'Neutral' on Research In Motion Ltd. (RIMM); Not Time Yet - Structural Concerns Remain

http://www.streetinsider.com/Analyst+Co ... Ltd.+(RIMM)%3B+Not+Time+Yet+-+Structural+Concerns+Remain/6558487.html