read my comments on MM conversion expiration cancelation of options with stock. Inventory is created in the month where spreading always comes to reducing inventory into conversion spreads of the same strike same month.
My opinion is the stock is still going down on pre earnings.
Plmo neg results concerns me with a contra concern for Rimm maybe having great great results because of tried and true surefire product. Even if it is a last hurrah stand.
Most pda buyers are passing until price and integration become better... The only way I would of purchased my Samsung sp i700 pda is with a discount verizon gave me for signing another two years.. $ 339. vs 6xx.00 18 mos ago. PDA's are still too expensive without a contract discount.... So maybe rims device will see good numbers .... It should but it will be last hurrah...Fidelity has way too many shares not to sell .... They are running out of time and opportunities to unload that much stock to small investors. Most big firms wont trade with them at these levels. Even with good earnings.
Yes, this is pretty much a standard disclosure. However, there is no disclosure that protects from intentional misleading. It's made more difficult that RIMM doesn't appear to ever update these claims. Most companies will. Has RIMM ever issued a warning, or said something would detromatically impact it? So I would say that since 3/05 is the next time this has to be updated that RIMM will continue to be silent (although I still think they would be far wiser to not do so).
isn't this is just a standard disclaimer so they can't be held accountable for unpredictable/unforseen events (i.e. rimm related thumb injuries), kinda like when the radio announcer quickly and quietly drones off the legal disclaimer at the end of a commercial?
What a joke, apparently all the Merrills, Lehmans, Newcrests, Canadian banks, Fidelities don't read the financials. If they do they certainly don't expect that their idiot clients can read.
The Company has been involved in patent litigation
where it is seeking to protect its patents (see note
12(b) to the Consolidated Financial Statements and
�Events Subsequent to February 28, 2004 Year End
- Settlement of Patent Litigation�) and where it is
currently seeking to defend itself in a patent
infringement suit (the �NTP matter� - see note 16 to the Consolidated Financial Statements). RIM capitalizes costs incurred for patent litigation where it is seeking to protect its patents.
If the Company is not successful in such litigation, RIM will review its related intangible asset balance, including previously capitalized litigation costs, for impairment.
As I suspected, capitalizing, not expensing the litigation costs. Can this be acceptable accounting, and how long until the analysts do the review for them? should have been before option expiry.
Special Note Regarding Forward-Looking Statements
This annual report contains forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. The words �expect�, �anticipate�, �estimate�, �may�, �will�, �should�, �intend�,
�believe�, �plan� and similar expressions, are intended to identify forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by RIM in light of its experience and its perception of
historical trends, current conditions and expected future developments, as well as other factors that RIM believes
are appropriate in the circumstances. Many factors could cause RIM�s actual results, performance or achievements
to differ materially from those expressed or implied by the forward-looking statements, including, without limitation,
the following factors, which are discussed in greater detail in the �Risk Factors� sections of RIM�s public
filings with the United States Securities and Exchange Commission and securities regulators in Canada:
� possible failure of RIM�s appeal of the judgment in the NTP litigation;
� third-party claims for infringement of intellectual property rights by RIM;
� RIM�s ability to successfully obtain patent or other proprietary or statutory protection for
its technologies and products;
� RIM�s ability to enhance current products and develop and introduce new products;
� the efficient and uninterrupted operation of RIM�s network operations center and the networks
of its carrier partners;
� RIM�s ability to establish new, and to build on existing, relationships with its network carrier partners;
� reliance on third-party suppliers;
� effective management of growth and ongoing development of RIM�s service and support operations;
� a breach of RIM�s security measures, or an inappropriate disclosure of confidential information;
� reduced spending by customers due to the uncertainty of economic and geopolitical conditions;
� RIM�s dependence on a limited number of significant customers;
� fluctuations in quarterly financial results;
� reliance on third-party network developers;
� foreign exchange risks;
� changes in interest rates affecting RIM�s investment portfolio and the creditworthiness of its
� the continued quality and reliability of RIM�s products;
� RIM�s ability to manage production facilities efficiently;
� risks associated with foreign operations;
� dependence on key personnel;
� continued use and expansion of the Internet;
� regulation, certification and health risks;
� control of RIM shares by management; and
� tax liabilities associated with RIM�s worldwide operations.
These factors should be considered carefully, and readers should not place undue reliance on RIM�s forwardlooking
statements. RIM has no intention and undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Wow, this is a cover your ass minefield. The last two sentences should give anyone except Fidelity pause. All the dip