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|reply to Robrr |
Re: RIM Earnings Out, Stock Surges
Good news for RIM:
quote:More cash is more cash is more cash. That's a 25% increase.
RIM has $2.9 billion in cash, which is up $600 million.
Everything I've heard about the new BB10 has been positive. Apparently it is pretty powerful.
In other news, malware is targeting Android OS system pretty hard, so this might be a great opportunity for RIM to make a run for being strong in the market again.
If you can't explain it simply, you don't understand it well enough. - Albert Einstein
Cash doesn't much matter if they don't gain enough market share. Otherwise they'll be sitting around twiddling their thumbs for years.
It did $2.73 billion in sales a 47% year over year drop, but it beats expectations of $2.66 billion.