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Thursday, 16 June 2011 - RIM faces tough sell on Q1 earnings and outlook |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Next Playboy has 'runaway bride' sticker on cover 15 Jun 2011 U.S. agents slam gun sting effort on Mexico border 15 Jun 2011 Next Playboy has "runaway bride" sticker on cover | 15 Jun 2011 CIA website goes down, hackers claim responsibility 15 Jun 2011 Porn star says Representative Weiner asked her to lie 15 Jun 2011 Discussed 134 Alabama governor signs nation’s toughest immigration law 111 Obama weighs new steps to boost jobs 71 Republicans to debate, with Romney the frontrunner Watched Hefner, fiancee split; Schwarzenegger mistress talks Wed, Jun 15 2011 Airbus' view of flying in the future Mon, Jun 13 2011 Obama resigns from church Mon, Jun 2 2008 small business brad feld: Your idea is not special Every day, venture capitalist Brad Feld receives pitches from entrepreneurs who think their idea is unique. "And they are wrong," he says, noting that Google was not the first search engine and Facebook was not the first social network. What matters most, he says, is "the entrepreneurs’ execution of the ideas."  Full Article  Top 50 small business workplaces Notes on raising seed financing RIM faces tough sell on Q1 earnings and outlook Tweet Share this Email Print Related News After RIM warning, all eyes on new product outlook Wed, Jun 15 2011 Best Buy wins more phone shoppers, tops estimates Tue, Jun 14 2011 Nokia wins rare battle as Apple settles legal row Tue, Jun 14 2011 Samsung, Apple to end Nokia's smartphone reign Mon, Jun 13 2011 RIM investor seeks change; PlayBook going global Fri, Jun 10 2011 Analysis & Opinion Tech wrap: Samsung to take smartphone crown Tech wrap: Spain makes Sony attack arrests Related Topics Technology » Media » iPad » Boxes of RIM PlayBooks are seen on a shelf in Toronto, April 19, 2011. Credit: Reuters/Mark Blinch By Alastair Sharp TORONTO | Thu Jun 16, 2011 1:07am EDT TORONTO (Reuters) - Research In Motion will have to struggle to give investors good news when it reports results after markets close on Thursday, but details on when new BlackBerry devices will hit shelves might help. Strong sales of its PlayBook tablet -- which had six weeks on North American shelves in the company's first quarter to late May -- may also give RIM some respite from a barrage of criticism about falling behind tech giants Apple and Google in a fast-moving race. The Canadian company warned in April that lackluster smartphone sales in the United States and Latin America would likely mean lower earnings than in the previous four quarters. RIM has made big promises in an aggressive full-year earnings outlook, but without a launch date for a more powerful touchscreen version of its business workhorse, the Bold smartphone, and with Torch and Storm smartphone upgrades still just rumors, investors are growing more nervous. "We believe RIM has now squandered nearly every opportunity and competitive advantage it enjoyed through ineffective R&D resource management, delayed product launches and misreads of the competitive environment," Morgan Stanley analyst Ehud Gelblum wrote in a note to clients. Cellular versions of its PlayBook tablet are imminent, RIM says, and the PlayBook will soon be sold worldwide after a lumpy April launch in North America. With most analysts assuming first-quarter results will fail to inspire, attention turns to RIM's forecasts for the current quarter, which ends in late August, and details about imminent product launches. RIM will likely ship just over 14 million BlackBerry smartphones and less than 700,000 PlayBook tablets in that period, according to a Reuters poll of 21 analysts. A more robust company forecast would signal RIM expects new models in time for the pivotal back-to-school buying period from late July to early October. Although unlikely to make or break RIM's reputation, initial sales of the 7-inch PlayBook will hint at how it stacks up against both the iPad -- of which Apple sold 2 million in its first two months -- and Android-based tablets such as Motorola Mobility's Xoom. PlayBook sales of more than 370,000 in the first quarter would exceed subdued expectations. Motorola sold 250,000 Xoom tablets in its first month. RIM should report earnings of $1.32 a share on revenue of $5.1 billion for the first quarter, analysts say, and $1.36 a share on revenue of $5.4 billion in the current quarter. (Editing by Peter Galloway) Technology Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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