Monday, September 12, 2011

Sterne Agee: RIM's Q2 may beat the Street, long-term still a concern

Sterne Agee: RIM's Q2 may beat the Street, long-term still a concern

As RIM prepares to report its earnings on Thursday for the second fiscal second quarter of 2012, all eyes are turning north following the Waterloo, Ontario-based vendor's first-quarter report, which was something of a bloodbath. RIM's first quarter performance wasn't abysmal - the company did see gains in several international markets - but it missed the Street's consensus by a wide margin, trimmed its second-quarter guidance and stated that would soon be laying off workers in an effort to streamline operations.

Boy Genius Report, Sterne Agee: RIM's Q2 may beat the Street, long-term still a concern