Place Your Bets! RIM Annouces their 4th Quarter Fiscal 2011 Results Today...

By Kevin Michaluk on 24 Mar 2011 08:40 am EDT


No, the blog post title isn't wrong and RIM isn't from the future.... they just run their reporting periods different from the calendar year. And with that disclaimer stated, today RIM will announce their year end, Q4 earnings for fiscal 2011...

Waterloo, Canada - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) will be reporting results for the fourth quarter and year-end of fiscal 2011 on March 24, 2011 after the close of the market. A conference call and live webcast will be held beginning at 5 pm ET, which can be accessed by dialing 1-800-814-4859 or by logging on at A replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 4310316#. This replay will be available until midnight ET April 7, 2011.

I'm really curious to see how this previous quarter finished up for RIM (strong growth in international markets and tougher times in the US make for an interesting dynamic), and am especially excited to listen to RIM's Co-CEO Jim Balsillie on the conference call today, where I'm *sure* he'll get pounded with questions regarding the upcoming BlackBerry PlayBook and the lack of new BlackBerry Smartphones we have seen so far in 2011.

RIM's stock is opening up today at $62.12/share... any thoughts on where it'll open up tomorrow morning? Up? Down?? No difference??? Be sure to share your perspective in the comments!

Reader comments

Place Your Bets! RIM Annouces their 4th Quarter Fiscal 2011 Results Today...


If their discussion centers more on phones, I think the stock will start tomorrow flat; however, if they are (finally!) more forthcoming with details about the PlayBook (e.g. release date, predicted sales, any additional partnerships and tech specs), then I think it'll end up higher in after hours, and at least flat or higher tomorrow morning.

Doh! I've only been on the PB forums everyday this week and reading the release date - guess my coffee hadn't kicked in yet.

If they beat street estimates, which they consistently have after many analysts are calling for their demise, then the stock will see a $3-$5 uptick in after hours. It may linger there for a while and rise a few more dollars until investors sell of their profits short term. RIMM at the time is a very short term traded stock for most. If you are long, as I am, no real change will come until next quarter reports and we see results from the PlayBook. $80-$85 price target granted successful PlayBook sales.

Beating/Killing results doesn't move RIM... raising their outlook for the next quarter (above current expectations) will.

I tried posting earlier, but it kept causing errors... anyway.

Being late to market, and missing their own dates (Q1 and March were both communicated by RIM) with the launch of the Playbook doesn't bode well. I'd like to hear some true timelines for product launches from RIM, instead of leaked information found online.

RIM is going to be burdened constantly that they are a generation behind Apple. Having their product out before the iPAD2 and XOOM were critical, in my eyes, to the public perception. Even if the Playbook is hands down better, the public will see it as behind.

RIM's lack of marketing focus on new products is still, frankly, amazing. We hear about BBM and other features, but nothing about new phones, NFC, 4G, Bridge, Playbook. The average consumer isn't aware of the Playbook, Apple is great at marketing... even people who don't like Apple products know about Apple products.

Speaking of Bridge... it would be nice to know what it's going to work with (phone / OS wise), and how it effects data plans. If I can Bridge my Storm2 to a wi-fi Playbook without an increase in cost from Verizon, I'm in... if not, I'm leaving BlackBerry. I can't wait around until the end of the year to see what the new touchscreen device is, and if it's going to work. At that point it's going to be 2 1/2 generations behind Apple. Product introduction cadence is painfully slow for a technology company... unless of course RIM doesn't see themselves as a technology company?

I disagree in people saying the PlayBook should have beat the Xoom and iPad2 to market. Had this been the case, in my opinion, far more users would say, "I'll wait for the iPad2 or Xoom, because I know nothing about this PlayBook thing."

Now, on the other hand, RIM has had decent enough time, which they have made moderate use of, to show off the product at different conventions, get it into the hands of some analysts and journalists, and increase the overall aura of the product.

You now have consumers in the market that have been unsure of which tablet to buy, and are still weighing the options. As a business, RIM would have been hurt way more by an early release/buggy version that didn't sell, than letting iPad2 and Xoom hit the market first whilst they get their product working perfectly once it hits.

My $.02

I think they could post a small miss on earnings which will spark a big sell-off. Even when they've posted big numbers there has still been a sell-off over the last 18 months. The endless nonsense of India might have dampened sales.

I'd hardly consider 19 days into Q1 FY2012 to be missing their target for the PlayBook release. In any case "RIM's stock is opening up today at $62.12/share..." Oooh, Kevin. If you worked for RIM, you'd have to buy so many doughnuts....