Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Bad news: Highlights from RIM's earnings report
Thursday - 6/28/2012, 6:32pm EDT
(AP) - BlackBerry maker Research in Motion Ltd. had a lot of bad news for investors on Thursday.
Here are the highlights:
_ NO HOLIDAYS: Phones based on the new operating system, BlackBerry 10, won't be available until early next year, missing the holiday shopping season. That could make it even harder for RIM to regain market share lost to Apple's iPhone and devices running Google's Android system.
_ WORKFORCE REDUCTIONS: The company is cutting 5,000 jobs, or about 30 percent of its workforce, as part of a previously announced initiative to trim $1 billion in annual costs.
_ DISAPPOINTING EARNINGS: Results for the latest quarter were worse than analysts had expected. Adjusted loss was 37 cents per share. Analysts polled by FactSet were expecting a loss of 3 cents. Revenue fell 43 percent to $2.8 billion, well below analyst expectations at $3.1 billion.
_ FEWER PHONES: RIM shipped just 7.8 million BlackBerry smartphones in the quarter, down 41 percent from 13.2 million a year earlier.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)