struggling rim reports for 1q
Last Updated : GMT 02:47:22
Arab Today, arab today
Arab Today, arab today

Struggling RIM reports for 1Q

Arab Today, arab today

Arab Today, arab today Struggling RIM reports for 1Q

Toronto - Arabstoday

Research In Motion Ltd. will release first-quarter results after markets close on Thursday as the BlackBerry maker faces the most difficult period in its history. RIM will offer an update on its restructuring plan, which includes significant employee layoffs. The Canadian company is trying to save about $1 billion this year. Jefferies analyst Peter Misek expects RIM to cut about 6,000 of its roughly 19,500 employees this year. The BlackBerry maker is also preparing to launch a new operating system - BlackBerry 10- later this year, just as North Americans are abandoning the company\'s gadgets for iPhones and Android phones. Many analysts say the new BlackBerrys will come out too late to reverse RIM\'s fortunes. Colin Gillis, an analyst with BGC Financial, doesn\'t expect RIM to announce when the new BlackBerry 10 phones will be out or to announce any news like possibly splitting up the struggling handset manufacturing division from its messaging network. Even if RIM does set a release date, there are worries about the new devices. The first version of the new phone to go on sale won\'t have a physical keyboard, which could hurt its appeal with BlackBerry diehards. That would not bode well for the company\'s turnaround, which CEO Thorsten Heins has said hinges on the BlackBerry 10. Boosted by overseas growth, RIM had 78 million worldwide subscribers as recently as last month, but Misek expects the company to start losing subscribers - two to three million a quarter. He\'ll be watching Thursday\'s comments to see how many subscribers RIM has kept. RIM, which fathered the ground-breaking BlackBerry in 1999, has hired a team of bankers to help it weigh its options as it loses market share and its business erodes. Those options include partnering with other companies, licensing software and overhauling its business. Heins remains defiant about not selling the company and has said he can turn things around with the help of fresh smartphone software. He told The Associated Press last month that his charter from the board is very clear: Long-term value creation with RIM. The company expects to post a loss for the quarter ending June 2. They did not give guidance. Analysts polled by FactSet on average expect a loss of three cents per share on revenue of $3.08 billion. The Daily Star

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

struggling rim reports for 1q struggling rim reports for 1q

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

struggling rim reports for 1q struggling rim reports for 1q

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday