That backfiring car you heard last night was probably RIM’s earnings announcement. Turns out they were a little disappointing. After failing to meet any of the market’s expectations for their most recent quarter, the company followed up by painting a less-than-optimistic future for their next quarter, resulting in the 10% nosedive of the stock’s price that it’s currently enjoying.
According to some analyst clucking, one bright spot on RIM’s near-term horizon is the PlayBook, a 7” “professional-grade” tablet that RIM will be launching next month. Eager to hear a motivational speech from RIM’s co-CEO Jim Balsillie about the virtues of the BlackBerry tablet, they were instead treated to some incoherent rambling reminiscent of Tweedle Dumb’s appearance at the D: Dive into Mobile conference. Now if RIM were based out of Quebec and not Ontario, the way their executives speak might have some “language barrier” element to it. But after reading the transcript of RIM’s earnings call, TMA is going with a new theory: lead in the drinking water.