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Though no longer giving formal earnings ‘guidance’, RIM CEO Thorsten Heins issued a rather downbeat update on the company’s prospects, predicting a second consecutive quarterly loss when the Q1 numbers are released at the end of next month. Heins also expected that RIM’s financial performance will be “challenging” over the next few quarters.
Heins reiterated the actions they announced back in March (see RIM to quit consumer market) and alluded to the various options they were looking at as part of their ‘strategic review’. Though an outright sale was not specifically mentioned, Heins alluded to “strategic business model alternatives”. RIM’s market cap has slumped some 75% over the past 12 months to c.$6b, but any buyer would have to be either very rich or very bonkers (and apropos of nothing in particular, you might want to read Richard Holway's latest post on Facebook here).
