John Paczkowski

Recent Posts by John Paczkowski

RIM Stumbles

blackberryman Reporting fourth-quarter earnings after market close Wednesday, Research In Motion said it added 4.9 million new BlackBerry subscribers during the period, exceeding forecasts of 4.4 million to 4.7 million.

Welcome news given recent concerns about the impact new Apple (AAPL) iPhones headed to market might have on sales. Sadly for RIM (RIMM), the revenue and earnings per share posted today were both below expectations. The company earned $710.1 million, or $1.27 per share, on revenue of $4.08 billion. Analysts were expecting earnings of $1.28 per share on revenue of $4.3 billion, according to consensus estimates from Thomson Reuters.

At $69 RIM shares are down 6.7 percent in after-hours trading.


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December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work