RIM subscribers, cash to be closely watched in Q3 results reported today by The Canadian Press Posted Dec 20, 2012 4:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WATERLOO, Ont. – Today is the last peek the market will have into RIM’s financials before it releases its much anticipated new line of smartphones in the new year.Research In Motion posts its third-quarter after markets close.Analysts will closely be watching the company’s cash volume and subscriber numbers after the BlackBerry-maker surprised in the last quarter with better-than-expected numbers on both fronts.RIM has already said it expects to report an operating loss in the third quarter.Analysts are expecting a quarterly loss of 32 cents per adjusted share on revenue of $2.6 billion.On Jan. 30, the company (TSX:RIM) will unveil a new line of smartphones running its latest operating system.The launch will see the Waterloo, Ont., smartphone pioneer enter the most important months of its history — ones that will likely determine whether RIM survives in its existing form.The company is working through the transition to its next generation of BlackBerry smartphones and a cost reduction plan.In the second quarter, RIM said it had 80 million subscribers at the end of the quarter, an increase of about 2 million from the previous three months.With the company heading into uncertain territory in the new year, RIM’s stock price has traded erratically.Since falling to its lowest level in about a decade in September, the company’s shares have surged about 125 per cent, helped by a number of analyst upgrades.This year, RIM has watched its market share in North America dramatically fall to about four per cent as the BlackBerry became an afterthought in the face of Apple’s iPhone and the Samsung Galaxy S3.And while other companies debuted new devices, RIM was forced to push the launch of its BlackBerry 10 operating system and new phones into next year, missing the crucial back-to-school and holiday shopping seasons.The company has also made significant reductions across its operations, closing facilities, severing ties with certain manufacturers and announcing plans to lay off 5,000 workers across its global operations in an effort to save $1 billion by the end of its fiscal year.
Stocks slip on Wall Street as a busy week for markets begins; Saks rises by The Associated Press Posted Jul 29, 2013 4:12 pm MDT NEW YORK, N.Y. – Stocks are slipping on Wall Street as a busy week for financial markets gets underway.The Dow Jones industrial average fell 36 points, or 0.2 per cent, to close at 15,521 Monday.The Standard & Poor’s 500 index fell six points, or 0.4 per cent, to 1,685. The Nasdaq composite fell 14 points, or 0.4 per cent, to 3,599.Saks rose 4 per cent to $15.95 after the luxury department store operator said it would be acquired by the parent company of Lord & Taylor for $2.4 billion.There’s lots of news for investors this week, including a Federal Reserve meeting that winds up Wednesday and the government’s monthly employment report Friday.Two stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 2.7 billion shares. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email