NEW YORK - Research in Motion is hoping their company is not Rim Rocked after it reports its fourth quarter earnings result after the closing bell today. The definition of rimrocked is climbing up to a spot from which you are surprisingly too frightened to descend. This term is most frequently applied in slickrock.
RIM is currently on their quest to descend into higher profitability and higher margins but the company has made some choices where it may be stuck as it trapezes its way down to the pot of gold. The blackberry makers stock is fractionally higher today as investors eagerly await the release of the former tech giant. Today, the company's stock trades at a devastating $13 and change far-off its one glorious peak. Analysts are expecting 83 cents a share on $4.6 billion of revenue.
Andy Kibbens the CEO of The Markets Are Open said " I would be thrilled with 83 cents a share, annualized that would mean $3.32 in earnings in the year, multiply that by 10 and you get a stock price of $33." That would be a huge boost for RIMM Holders
But no so fast Andy, says Noam Chomsky an analyst at CJE Investments. Chomsky said "companies with declining profits often get a PE to reflect a declining company." he added, "if they make 83 cents who is to say profits stabilizes."
RIM hopes it can turn it around with no product releases of touch phones and devices but the company is rapidly losing share to Apple and Google. RIM replaced its co-CEO's in January and this will be the first quarter with the new CEO. Will today be the beginning of the end of RIM? Or it will be the end of the beginning of the new end. Investors await.
RIM is currently on their quest to descend into higher profitability and higher margins but the company has made some choices where it may be stuck as it trapezes its way down to the pot of gold. The blackberry makers stock is fractionally higher today as investors eagerly await the release of the former tech giant. Today, the company's stock trades at a devastating $13 and change far-off its one glorious peak. Analysts are expecting 83 cents a share on $4.6 billion of revenue.
Andy Kibbens the CEO of The Markets Are Open said " I would be thrilled with 83 cents a share, annualized that would mean $3.32 in earnings in the year, multiply that by 10 and you get a stock price of $33." That would be a huge boost for RIMM Holders
But no so fast Andy, says Noam Chomsky an analyst at CJE Investments. Chomsky said "companies with declining profits often get a PE to reflect a declining company." he added, "if they make 83 cents who is to say profits stabilizes."
RIM hopes it can turn it around with no product releases of touch phones and devices but the company is rapidly losing share to Apple and Google. RIM replaced its co-CEO's in January and this will be the first quarter with the new CEO. Will today be the beginning of the end of RIM? Or it will be the end of the beginning of the new end. Investors await.
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