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Research In Motion: Blackberry Bold Delay to Negatively Impact 2Q Guidance

Posted on June 26, 2008

An expected delay for the launch of Research In Motion Ltd. s (RIMM) new BlackBerry Bold smartphone is expected to have a negative impact on the company s second quarter guidance and may produce volatility for its shares. RIM is set to report first quarter results and provide guidance for the subsequent quarter after markets close on Wednesday.AT&T (T) may launch the 3G BlackBerry Bold in the middle of August as it continues to stabilize the device on its High Speed Packet Access [HSPA] network, according to Mike Abramsky at RBC Capital Markets. This is two to three weeks later than the an...

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3g , analyst , blackberry , markets , rim , volatility