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RIMM Shares Plunge As The Company Pays Up For Growth

Posted on June 26, 2008

Research In Motion (RIMM) shares are sharply lower this morning after the Blackberry maker last night reported a slight earnings disappointment for the fiscal first quarter ended in May, and projected much higher than expected operating expenses in the August quarter. A combination of higher marketing expenses to support a wave of new product introductions and rising component costs will combine to pressure margins.The analyst reaction to the results was mixed; more than a few advise buying the stock on today s slide. Here s a rundown on some of the Street s commentary on the stock this ...

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analyst , blackberry , earnings , eps , outperform , short term , tech