Technology Industry
Industry: Email Alert RSS FeedRIM shares fall slightly on financial results, outlook.(News)
RCR Wireless News, December, 2004
Byline: MIKE DANO Research In Motion Ltd.'s stock faltered again following the company's third-quarter results, with investors expecting a more bullish fourth-quarter outlook from the company. Some analysts, however, continued to remain relatively positive on the BlackBerry maker and its prospects despite the company's lower-than-expected forecasts and legal troubles.
RIM's stock fell around 5 percent to about $82.67 per share in trading after the company released its third-quarter earnings. The hit comes shortly after a similar share-price decline following a federal appeals court ruling that painted a somewhat gloomy outlook in RIM's legal battle with patent holding company NTP Inc. The court affirmed part of NTP's case, but sent several remaining...
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