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Research In Motion vs. BlackBerry - Which name is better?

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Goodbye RIMM, Hello BBRY! - Research In Motion ticker change happens Monday, February 4th

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Research In Motion rebranded to BlackBerry

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Addressing CrackBerry Nation comments and questions about Research In Motion's BlackBerry service revenue

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RIM and others buy up patents from failing Kodak

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New York Times DealBook conference attendees get the full hands on experience with BlackBerry 10

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RIM to hold another 36 hour virtual 'Got Game Port-A-Thon' this weekend - Devs, get your coffee and Red Bull ready!

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RIM takes charge using social media - Pulls top honors in S&P/TSX 60 Index for October

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RIM opens BlackBerry Tech Center in Brazil

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Good Day at RIM

stock market
By Kevin Hill on 12 Apr 2007 09:35 am EDT
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As we reported earlier in the week, things are looking rosy over at Research In Motion headquarters. The BlackBerry maker reported a significantly higher fourth-quarter profit on Wednesday.

If there is a dark cloud in Waterloo this morning, it is over news that the informal inquiry by the U.S. Securities and Exchange Commission into RIM stock-option grants, which led to an earning restatement earlier in the year, has been upgraded to a formal investigation.

Yesterday, RIM announced earnings of $187.9 million, or 99 cents a share, in the three months ended March 3. That was way up from the same period last year when the company earned a profit of just $18.4 million, or 10 cents a share.

RIM’s announcement was made after the markets closed and the stock was at $146 on the NASDAQ and $166 on the TSE at closing.

The company’s solid results should keep investors and stockholders happy. The investigation may have a negative effect at some point, but currently it is not bringing the company down. Analysts generally concluded that the $250 million restatement  was disruptive but would not affect the general performance of the company.

RIM is entering 2008 with even larger projected earnings."We are entering fiscal 2008 with very healthy subscriber growth momentum, a strong slate of products and services, exceptional partnerships and a growing market leadership position," Rim Co-CEO Jim Balsillie said in a statement Wednesday.

The company claimed it had added more than a million BlackBerry subscribers in the quarter and now has 8 million potential CrackBerry addicts worldwide.

In the next quarter, RIM expects revenue of $1.025 billion to $1.075 billion and the addition of between 1.125 million and 1.15 million subscribers.

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Good Day at RIM

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