This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

RIM's BlackBerry Jam

NEW YORK, ( TheStreet) -- Research In Motion (RIMM), reports its fiscal second quarter results after the bell Thursday, offering an update from the world of also-ran smartphone makers.

The Ontario, Canada-based tech shop has been bobbing through a dead-in-the-water year and needs a successful wave of new BlackBerries to keep the business afloat.

RIM Co-CEO Jim Balsille

Unfortunately, it's the next generation of phones, not the current release of BlackBerries -- dubbed D.O.A. by some -- that represent the lifeline RIM investors are waiting for.

Not to be too dramatic about it, but RIM's chances of competing against Apple's (AAPL - Get Report) iPhone and Google's (GOOG) Androids ride on the success of the upcoming QNX devices due out next year.

Co-chiefs Jim Balsillie and Mike Lazaridis have taken heat for staying the course too long with simple email phones, leaving RIM dangerously late to the app-phone, touchscreen-controlled, mobile computing game.

The new BlackBerry 7 phones -- like the touchscreen Bold -- attempt to deliver some of the features that smartphone buyers are looking for. But the devices are only a small step in the right direction, more damage control than anything else.

The biggest problem with the new BlackBerry 7 line is that, while it gives core BlackBerry fan a decent upgrade, it won't win the new customers that want all the apps and tricks their friends enjoy on their iPhones and Androids.

Investors hope that the ugly view on RIM will lead to a handsome upside should the company offer a better-than-expected outlook on the business.

Analysts expect RIM to post an adjusted profit of 87 cents a share, well below the $1.46 EPS level in the year-ago period. Quarterly sales are expected to fall 3.3% to $4.5 billion from the $5.2 billion mark last year.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $125.46 -0.72%
GOOG $552.77 0.13%
FB $82.87 -0.39%
TSLA $190.84 0.14%
YHOO $44.87 -0.18%


DOW 17,875.52 -100.79 -0.56%
S&P 500 2,079.06 -7.18 -0.34%
NASDAQ 4,926.8140 -20.6270 -0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs