RE: RE: RE: RIM: Take Profits, BB10 Likely To Fail Nice post there ranger,
Analyst Gelblum did this unfounded doom and gloom prediction before Q2
now he is doing it again before Q3
In his Q2 prediction
"Gelblum's working theory is that the next nine months for RIM will be total hell. First, RIM is going to get crushed in its August quarter amid aging devices, a delay of its BlackBerry 10 launch and a sluggish smartphone market ahead of the iPhone 5 launch. RIM's first quarter of fiscal 2013 will be a mess and the second quarter outlook will be worse."
This nine months of hell could be longer should BlackBerry 10 devices -- likely in the back half of 2012 -- be delayed. In other words, current Wall Street estimates are way off on RIM. Analysts expect RIM to deliver and average of $3 billion in quarterly revenue over the next two years. Gelblum's argument is that RIM's revenue base will nearly be halved.
RIM is likely to significantly miss estimates in its FQ2'13 August quarter.
Add it up and RIM will start to bleed cash starting in the second quarter, which has already started."
It sad that the "Market" is still listening to his garbage analysis and selling off RIM today.