Monday, March 26, 2012

RIM: ‘Grim and getting grimmer'

RIM: ‘Grim and getting grimmer'

. Research In Motion is set to report its results for the fourth fiscal quarter and full fiscal year on Thursday, and Wall Street is bracing itself for another disappointing quarter. RIM's fourth-quarter guidance came in worse than expected when the company posted its third-quarter results, and now several analysts are lowering their expectations even further. Pulling no punches, Barclays Capital's Jeff Kvaal wrote in a note to investors titled “Grim and getting grimmer” that BlackBerry 7 sales have been poor thus far, and he has lowered his projections as a result.

Boy Genius Report, RIM: ‘Grim and getting grimmer'

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