Today RIM announced their Q1 earnings where they addressed some issues and their plans for the future. I had the chance to listen in and took a few notes and below is some of what I remember from it. Some things said were not much of a surprise to everyone is that RIM is having a tough time with their transition from their old software system to the QNX system to power what they are now calling QNX Super Phones. Both Co-CEO’s were present during the earnings call which is a bit out of normal for them and they both also answer questions during the Q&A session.
Some of the key points from the call include:
RIM’s guidance for the future looks a bit cloudy, with expected earnings of $4.2 – $4.8 billion in revenues, with earnings per share dropping to $0.75 – $1.05 . If you like to listen to the call yourself there will be a replay of the conference call will also be available at approximately 7 pm by dialing (+1)416-640-1917 and entering passcode 4445546#. This replay will be available until midnight ET June 30, 2011.
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