RIMM surprised all the doomsters by delivering Sales of $4.2 Billion & EPS of 80 cents per share.
RIMM also increased their subscriber base by 2 million to total of 77 million subscribers worldwide.
RIMM also sold 500,000 Playbook in the Q reported, for a total Sales of 1.3 million playbook.
RIMM sold 11.1 million smartphones around the world in the Q.......
Not bad for a company which was subjected to negative article on a daily basis.
CEO articulated his vision for RIMM, which sounds impressive & attainable. This includes licensing, Joint ventures & outright sale of certain business. Cost cutting in every aspect of operation. Better way of doing every thing is his focus with accountability.BB 10 is on track, no delay.
Jim Balsillie resigned from board, CTO & COO are also going.
RIMM trading @ $13.53 down 20 cents from close.
BLOG does NOT give buy or sell.
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