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RIM stocks at highest point ever after Research In Motion Ltd. announced a stock split ... Smartphone News forum

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    hayden's Avatar
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    RIM stock soars - all time high today!

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    RIM stocks at highest point ever after Research In Motion Ltd. announced a stock split and first-quarter profit that exceeded analyst estimates. Research In Motion, the maker of BlackBerry e-mail phones had the biggest jump in nine months and reached a new high.

    The company enjoyed a subscriber surge in the first quarter, adding 1.2 million accounts to reach 9 million total. RIMM also added 20 new carrier partners in the period, and boasts nearly 300 carriers now.

    Research in Motion took advantage of its moment in the earnings spotlight to announce a 3-for-1 stock split, as well as second-quarter guidance. For the next 3-month period, the company expects GAAP net of $1.37 to $1.49 per share – or 45 to 49 cents per share, taking into account the stock split. RIMM expects revenue in the second quarter to fall between $1.3 and $1.365 billion.

    So far this morning, Research in Motion's stellar results have won over Bank of America and Morgan Keegan, both of whom issued upgrades equivalent to lifting the equity from "neutral" to "buy." RBC lifted the shares from "outperform" to "top pick." Merrill Lynch joined in the analyst love-fest, raising the company's price target from $190 to $240.

    The above RIM and APPLE stock graphs are realtime (15 mins delay at most). Check this thread often to keep track. As always you can also go to www.pinstack.com and view in left column.

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    Re: RIM stock soars - all time high today!

    Wow!!!!!!

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    Re: RIM stock soars - all time high today!

    where Verizon and others failed, RIM successes at: turning attention away from the iPhone.

    definitely a nice 1-2 combo this morning.

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    Re: RIM stock soars - all time high today!

    As far as I remember RIM closed at arounf $170/180 yesterday. I'd have to look it up but today is significant.

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    Re: RIM stock soars - all time high today!

    Quote Originally Posted by hayden
    As far as I remember RIM closed at arounf $170/180 yesterday. I'd have to look it up but today is significant.
    closed at 165.59 yesterday and opened at 190.

    currently at 196 and climbing.

    definitely a significant day.

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    Re: RIM stock soars - all time high today!

    Quote Originally Posted by blackninja
    closed at 165.59 yesterday and opened at 190.

    currently at 196 and climbing.

    definitely a significant day.
    Ha. You would think it's called RIM iphone.

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    Re: RIM stock soars - all time high today!

    who here has stock in RIM?

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    Apple just jump up almost a full buck. Monday's close will be more of the full story.

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    Re: RIM stock soars - all time high today!

    12:00pm - 199.29

    Time for lunch.
    RIM should pick up today's tab.

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    Re: RIM stock soars - all time high today!

    Quote Originally Posted by data1025
    who here has stock in RIM?

    I have 76 shares in RIM stock.

    Thanks RIM!!!

    Keep Going UP!!!!!!
    Vince
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    Re: RIM stock soars - all time high today!

    Guess that iPhone really crushed RIM, huh?

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    Re: RIM stock soars - all time high today!

    Quote Originally Posted by hayden
    Ha. You would think it's called RIM iphone.
    lol

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