rim

Research in Motion said its first quarter would be bad. It turned out to be worse. And RIM will struggle more because the company said its BlackBerry 10 platform will slip into the first quarter of 2013.

The BlackBerry maker reported a first-quarter loss of $518 million, or 99 cents a share, on revenue of $2.8 billion, down 33 percent from $4.2 billion in the same quarter a year ago. Adjusted loss, which excludes goodwill charges, was $192 million, or 37 cents a share. Wall Street was expecting a loss of 4 cents a share on revenue of $… Read more

It's no secret that Research In Motion is in deep trouble. But most analysts expect the company to only further prove that point later today.

After the market closes, RIM will announce its fiscal first-quarter earnings, which consensus among Wall Street analysts pegs at a net loss of 3 cents per share on $3.1 billion in revenue. During the same period last year, RIM posted a profit of $1.33 per share on nearly $5 billion in revenue.

As one might expect, the more bearish analysts out there have been chiming in on their expectations for RIM's … Read more

BlackBerry Curve 9310 owners will soon be able to IM as much as they want through a new plan offered by Boost Mobile.

Slated to kick off July 10, Boost Mobile's BBM Unlimited plan will provide worldwide and unlimited access to RIM's BlackBerry Messenger service. Unfortunately, most BlackBerry users will be out of luck as the offer is designed exclusively for the BlackBerry Curve 9310, RIM's new $99 smartphone set to debut the same day.

The BBM Unlimited plan throws in unlimited nationwide talking and texting for $45 a month. But customers who make their payments on … Read more

Research In Motion is a fundamentally broken company that is likely to be split up in parts and may see fiscal year 2014 revenue of about $7 billion, well short of the $12 billion Wall Street currently expects, according to Morgan Stanley.

Morgan Stanley analyst Ehud Gelblum became the latest analyst to ditch any hopes for RIM ahead of what is known to be a fiscal first quarter train wreck. Gelblum downgraded RIM to underweight -- a bit late to that party -- on the idea that the company won't even be able to hold its book value. Any … Read more

Research In Motion is considering a plan to split its company in two, separating its handset division from its messaging network and selling off the struggling BlackBerry hardware business, according to The Sunday Times.

The British newspaper (subscription required), which didn't cite sources, also mentioned Facebook and Amazon as "potential buyers." Another option has the company staying intact but selling a large stack to a larger tech company such as Microsoft.

RIM declined to comment on the report's specifics but reiterated that it's examining a wide range of strategies.

"RIM has hired advisers to … Read more

Research In Motion has quietly begun its much-anticipated layoffs as part of a cost-cutting restructuring.

The struggling BlackBerry maker has been laying off employees in batches of at least 10 for the past several weeks, people familiar with the situation told The Wall Street Journal. Employees in RIM's quality control, operations, and parts departments have been targeted so far, according to the report.

RIM, which has announced a broad restructuring in an effort to save $1 billion by the end of the fiscal year, confirmed to CNET that it has begun cutting jobs as part of that restructuring.

"… Read more

A former AT&T worker is the latest corporate employee to confess involvement with insider trading, according to Reuters. Alnoor Ebrahim said he sold stock traders information that included AT&T sales numbers for Apple's iPhone and RIM's BlackBerry.

Ebrahim pleaded guilty today in U.S. District Court to one count of conspiracy to commit wire and securities fraud. "I provided insider information concerning AT&T's sales of Apple's iPhone and RIM's Blackberry products, as well as other handset set devices sold through AT&T distribution channels," he told … Read more

There's no stopping Apple or Samsung Electronics.

The two companies again dominated the smartphone industry, combining to capture 55 percent of the market and 90 percent of the profits in the first quarter, according to a study by ABI Research.

The numbers only further illustrate the growing divide between Apple, Samsung and everyone else. While Samsung leads the industry with 43 million smartphones shipped, Apple remains the leader when it comes to making money off of its products. The iPhone 4S continues to be the single best selling phone at most carriers, while Samsung's Galaxy S III line … Read more

Research In Motion's former co-CEOs Jim Balsillie and Mike Lazaridis might have run into some trouble in their waning days at the company, but that didn't stop the mobile firm from giving them some serious entitlements to make their departure a bit easier to handle.

RIM yesterday filed a form 6K with the Securities and Exchange Commission (SEC), outlining how it compensated its former co-CEOs upon their ouster. According to that filing, Balsillie received $7.93 million in "entitlements" made up of about $4.8 million in cash, health and welfare plans for himself and his … Read more