This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RIM Sent Reeling

At the midpoints of that range, the company is expecting about 65 cents a share in earnings on sales of roughly $537.5 million in the third quarter. Analysts have predicted a profit of 64 cents a share on $522.4 million in sales for the period.

Additionally, company officials attempted to address investors' concerns about the competitive threat from Microsoft (MSFT - Get Report). The software giant plans to update its Exchange e-mail software later this year to incorporate features similar to RIM's BlackBerry service. Some analysts have worried that Microsoft will steal some of RIM's market share because Microsoft is offering the wireless e-mail features for free as part of the Exchange upgrade, while RIM charges customers for its BlackBerry server software.

Microsoft's service may be nominally free, but that doesn't mean that running the service won't come at a cost, said Balsillie. Companies will have to take the time and expense to upgrade to the latest version of Exchange, he noted. The handheld pagers that can tap into the Exchange service are typically pricey, he said. And the service will be data-intensive, meaning that corporations that use it will have to sign "expensive" service agreements with wireless carriers, he said.

"If someone is representing that it costs less, that's not a true statement," Balsillie said. "Far from costing less, it's quite a bit more expensive."

RIM has a leg up on Microsoft, because the architecture behind its system offers better security than Exchange's system, he said. Meanwhile, RIM's system will work with pagers from a far greater number of manufacturers running a broader array of operating systems, he said.

Corporate information officers "want a generic platform" like RIM's, Balsillie said. "They've told us that unanimously."
4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MSFT $50.16 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs