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BlackBerry Limited Message Board

  • inapdave inapdave Mar 16, 2005 7:17 AM Flag

    $450 million is @ two years of profits

    Let me first say that I have no position in RIMM. I had been net short (long puts - long stock) up until two weeks ago. While this settlement certainly remove the overhang of the legal issues, $450 million is a LOT of money for a company with net profits of $250 million over the last year.

    There's obviously going to be a strong short squeeze with RIMM today, but I don't think it lasts very long.

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