RIM swoons on grim results, shareholders fret

“Shipped” 500,000 Playbooks? But how many are still sitting in the channel? Undoubtedly most. You’d have to be a fool, or totally clueless as to what is going in in the tablet market, to buy a dog like this that can’t hunt. And oh yes, “the worst is behind us”, “We truly believe we are approaching the end of this difficult transition”, but we are going to start laying people off! Say what? Then I guess you really haven’t turned the corner have you?

But who can believe Citigroup analysts? If it weren’t for public bailout monies, Citigroup itself might not be here.
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@FreeRange: Actually the PlayBook is not a bad device, certainly comparable to an iPad (I have both), and even better in some respects. If you’re a heavy Blackberry user (and I am), the Bridge feature works very well, and my corporate security department isn’t going nuts. To say that the PlayBook is a “dog that can’t hunt” means you are basing your opinion on very well-publicized attacks by an negative group of tech reviewers that have a clear Apple bias. Part of it is the result of Apple’s cult-like status (which the media fuels), and part of it is patriotic (RIM is Canadian, which I think plays into Americans latent “we’re #1″ mentality). It’s a shame, really. RIM is a good company that makes some very secure and very sturdy products. If they’re guilty of anything, it’s not being as press-saavy as Apple or Google.

As far as I can tell RIM is still growing and margins have shrunk, yet it’s trading under 5x P/E now…

RIM playbook is very good. It is actually portable, unlike the ipad. Yes, the ipad is nicely designed but some want a 1 pound hdmi out device.

RIM has lots of cash so the PE ex-cash is even lower.

Rimm has no money. they have been trying to buy stock back in an attempt to artificially prop up the share price. This stock will soon be under 10 bucks. Thats what you get for resting on your laurels and then copying the competition. Rimm is a one trick pony that has had it’s 15 minutes of fame. It’s curtains for everyone.