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RIM to report Q1 2012 financial results today - We'll be live blogging the earnings calls at 5pm ET

By Kevin Michaluk on 16 Jun 2011 10:20 am EDT
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Research In Motion

So this will be the first time in CrackBerry's history where we'll be living blogging a RIM earnings call, but we're going to do it up this evening for a couple of good reasons. For one, on the last couple of calls some newsworthy tidbits have surfaced - like on the last one where Jim Balsillie confirmed the rumor I reported earlier about BlackBerry 6.1 being rebranded to BlackBerry 7. The second, and more important reason, is that RIM is increasingly entering a sink or swim state. While they continue to do pretty well internationally, in the United States the demand for BlackBerry has definitely been dropping (I don't even want to think about how long it's been since I've written a review for a new BlackBerry Smartphone), and unfortunately for RIM, Wall Street is located in the US. RIM's stock price has been sinking these past few months, and the answers given by RIM's top people to questions asked on tonight's call will have an impact on how things look for RIM going forward.

You can actually listen to the call live (click here for details), and on the live blog we'll giving our thoughts on what we hear. To add some commentary to our live blog from the street's perspective, I'm going to be bringing on Chris Umiastowski (former RIM analyst for TD) for good measure. We'll have an open live chat going as well, so it'll be fun. 

Ok, that's it. Be sure to grab some popcorn and be here at 5pm ET! Whether the results are good or bad, I'm sure it's going to be one heck of an interesting earnings call! 

Reader comments

RIM to report Q1 2012 financial results today - We'll be live blogging the earnings calls at 5pm ET

35 Comments

Honestly?  No.  Makes me cringe to type that, but it's honest. RIM has a ton of awesome people and tech capabilities, but we're not seeing it come together quick enough into top of the line compelling products we can buy and use.

Maybe I'm just bitter that I don't own a 9900 yet.

I feel you, I am at the point to which ever provider drops the 9900/9930 first is where I will end up.

I hear you too.. I just bought an iTouch the other day for my first smart-device experience. I'm waiting for the 9900 so it can be my first smartphone but I am very quickly falling in love with Apple's device and might sway to buy an iPhone.

The quicker the 9900 comes out the less of a chance I won't fully switch to Apple.

why live blog this? Honestly, I think Crackberry is hunting up for bad news like all the others.

Do something else for us, Please post a running count of the number of people that (once again) predict RIM's bankruptcy after the call today.

I'm not hunting for bad news.  The news is going to happen whether it's good or bad.  So if it's going to happen, I want us there to put the TRUE spin on it.. not the easy negative spin that so many people just pump out because it's easy to write. 

Look, if the shit is bad, just ignoring it or trying to sugar coat it does NOBODY any good.  People see through that.  However, if the news is bad, we can be there to explain it, and offer our input as to how others may be misreporting it (making it overly bad) and offer our thoughts on how RIM can get better. 

We're not hating on RIM... we're wading through the sh!t storm with them in hopes of seeing the sun come out again. Get it?

Where is the thanks button on this comment, like we have in the forums... Completely agree Kevin, we don't want to be negative and we want to have the good news we all desire, but you have to put whatever they release out there, good or bad. If you ignore it, RIM will just continue on their same path without having any feedback from the consumer that they might eventually listen too.

Point is good or bad, it is what it is, spin won't change things. This is an earnings report it's not a bankruptcy and reorganization plan.

I can appreciate that you are interested in the call, but live blogging it.... well I guess it just shows the level of desperation around RIM these days.

Yes RIM is slow as hell in changing, it's very frstrating from a consumer point of view but the reason is they cannot ditch security. This has a plus lots of cmpanies are tied to them. I agree that they have sat of their fat asses too long I just don't see that looking at quarterly reports says much when it's clear that they are going through a transition.

Why can't RIM launch a separate consumer oriented QNX phones which will not go through RIM BIS servers?

Why does everything be encrypted to the DoD standards to slow things down/negatively impact the users experiences?

PB is the first/only QNX platform without going through BIS server when surfing the web. Why can't QNX be separated from the security architecture and protocols for the consumers market?

I worry about the "Hinglander" project is an indication that the old guards at RIM has won and QNX will be dragged into the perpetual BES/BIS paging legacy infrastructure.

Oh, QNX needs to have volume before any eco-system of apps could begin to form...

Thank you Kevin. It's funny, if I wrote some of the things you do, or repeat some of the things your team says on a podcast I get ripped pretty good in the forums. And unlike yourself and so many Crackberry staff I don't even own Apple products.

I think its terriibly sad when so many of Crackberry's forum dwellers put on blinders and hum along. Heading into the 7th month of the year and the first device of 2011 does not even have a an official release date. Others have yet to be announced. And I won't even start in on BB Maps/Traffic, which reminds many of Apple's cut/paste fiasco.

Kevin I am glad that you are blogging it and think it is a great idea. This is a critical time for RIM and there will be some tough questions coming that need some really good answers that show innovation. Hopefully RIM gets back on track and puts the talent that they have to good use. They have the tools, they just need to use the the right way. Thanks for doing this Kevin!

PS. I like your idea. We should do a count of the doom and glom stories that happen over the next 48 hours. Lol. We can give away a prize for everyone that happens :)

Nope - Only Iphone and Andriod. :p

I have my stock broker on standby...still deciding to dump my shares before 4:00pm or stick it our for the long run. I'm down $4K since March.......

Tick Tick Tick.......

They usually don't and usually its not expected. However, analysts and major shareholders are urging them to make some 'real' announcements today or suffer the consequences.

Won't be good news. Earnings are down, they'r losing market share, and the PB launched worldwide to very, very bad reviews. No new products to be released soon. I can't see this being a good call for investors.

Indeed!

RIM wil get SLAMED people!
The lose marketshare, loosing sales in NA, reviews of the PB arent good for RIM. Plus, where is the annoucement of the Bold 9900?

The question is: Why SHOULD investors invest in RIM when the above arguments were giving to them?
Above all, where is the Bold 9900? if this device is their flagship, their usp, where in the hell is it. Investors may do investments when they hear the Bold 9900 is coming and hope for good sales and reviews of the device to get value of their money. This device would get investors hoping.
BUT, it's just not coming folks.
I hope for Rim they do an annoucement to small the stockage damage, otherwilest, RIM's STOCK get a hell of a beating!

This is one of the reasons I still visit this site, even though I no longer work for a company that requires a blackberry. This site reports blackberry news, good or bad, and doesn't pretend like everything is always perfect, unlike other sites (*cough* android central)

I love BBs, have been using them for about 3-4yrs now. Went from 9000, 8330, 8530 now at 9550. But as much as i love RIM they are slow out the gate with their products. If they are going to get any love back from their followers they NEED to pick up the slack in this area above all else.... maybe hire more programers and testers :)

RIM wil get SLAMED people!
The lose marketshare, loosing sales in NA, reviews of the PB arent good for RIM. Plus, where is the annoucement of the Bold 9900?

The question is: Why SHOULD investors invest in RIM when the above arguments were giving to them?
Above all, where is the Bold 9900? if this device is their flagship, their usp, where in the hell is it. Investors may do investments when they hear the Bold 9900 is coming and hope for good sales and reviews of the device to get value of their money. This device would get investors hoping.
BUT, it's just not coming folks.
I hope for Rim they do an annoucement to small the stockage damage, otherwilest, RIM's STOCK get a hell of a beating!

Correction: They've already announced the Bold 9900. There's even a page for it on their website.

Did you mean an announcement of the release date?

let's hope the 9900 isn't the last RIM branded crackberry. it's too soon for their swan song.

#blackberry4life

piece out

Kevin, let me give you a preview. Earnings will come in at the low end of their revised guidance, outlook will be shaky given the unknown release dates and Mr. Balsillie will respond to analyst questions with his standard enthusiasm for the upcoming products and refresh cycle. He will also make statements that you will find confusing in regards to their hinted at plans. Mr. Umiastowski will likely make a comment on how RIM is unfocused and then it will be over.

It is highly unlikely they will give you the information you want (release dates) and will just be the standard "carrier enthusiasm is high", "transition period" and "we believe in the new products". So don't get all disappointed. You'll likely learn more from the BGR interview with the Verizon exec that said they will be launching three BlackBerry devices this year.

My guess: Results will be at the low end of estimates or below, stock will get slammed. But to counter the negative press they will announce the 9900 shipping in July in Canada (and maybe the US), August everywhere else. They will also announce native email and Android apps on PB by the end of August. Sales for the PB will be about 400,000, or they won't break out the numbers if it's lower.

They will also announce that all their new phones (Torch 2, Monza, Curve) will be out by end of September, and that a QNX super phone will ship in the first half of 2012, but the rest of the line will continue to be sold alongside it for a year until the OS has full functionality to match OS 7 and the rest of the line can transition. Just my guess.

http://www.thestreet.com/story/11153549/1/rims-got-problems-but-not-as-b...