TITLE

BlackBerry Bruised on iPhone Concerns

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
June 2008
SOURCE
Red Herring;6/26/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decrease in the price of Research In Motion's (RIM) stock at Nasdaq after the company forecasted second-quarter of 2008 earnings lower than analyst expectations. RIM estimated that its stocks will be priced at 84 cents a share in the second quarter. Such estimates made the company's share to decrease by 13.35 percent. Despite its second-quarter earnings forecast, the company keeps growing with its first-quarter revenue reported to be at $2.24 billion.
ACCESSION #
36826888

 

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