RIM: Despite Decline in U.S., Avian Sees Hope
Combing through Research in Motion’s (RIMM) 6-K filing with the SEC dated Dec. 19, which covers the company’s third fiscal quarter ended in November, Avian Securities wireless analyst Matthew Thornton writes that the company’s prospects are still intact as it moves past product delays to introducing new BlackBerrys, including the Curve 8900, also known as the “Javelin,” along with November’s lineup of Storm, Flip and Bold.
Thornton trolls through various stats from the filing, including the fact that U.S. sales, which are 58 percent of revenue, were down nine percent in Q3 from the prior quarter, though up 62 percent year over year.
