Feeds

RIM warns investors, greets developers

Blames slowed development cycle

SANS - Survey on application security programs

Last week RIM slipped out a profit warning to investors, letting them know that its previous forecasts were on the optimistic side and delays in device launches were hurting.

RIM has told its investors that sales for the last quarter will be "slightly below" the $5.2bn it had predicted, and that profits will drop more than 11 per cent from the predictions made last month. Investors took the news badly, with RIM's shares dropping by a similar amount in after-hours trading, as the Financial Times notes.

The warning came while a significant proportion of the world was preparing to sit down and watch the royal wedding, and RIM's developer community was looking forward to the BlackBerry World event which is now underway. That event has already seen the launch of two new handsets and an updated handset OS, as well as integrated support for companies deploying a mix of BlackBerry and iPhone devices.

But it is the delayed launch of those handsets that RIM blames for the profit warning. Apparently sales of the old kit have been disappointing, and Jim Balsillie, co-CEO of RIM, admitted the company had hoped to have the new devices on the shelves by now.

Making the announcement directly before the BlackBerry World event might help obscure a decline in sales, as long as it can be turned around before it becomes too obvious to hide. ®

3 Big data security analytics techniques

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.