“RIM reported a first-quarter loss yesterday of 37 cents a share, excluding some items, more than five times bigger than what analysts had predicted,” Miller and Saitto report. “Sales tumbled 43 percent to $2.8 billion, missing a prediction of $3.05 billion, and the company said it would cut 5,000 jobs.”
Miller and Saitto report, “‘They either sell, break up the company or die,’ said Matt Thornton, an analyst at Avian Securities LLC in Boston who has a neutral rating on RIM. ‘It is just a question of when.’”
Read more in the full article here.
MacDailyNews Take: We can hear DCW’s death rattle from here.
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