Cable / Telecom News

Revenue dips at RIM


WATERLOO – Research In Motion (RIM) expects revenue for their third quarter to be lower than forecasted, but still 65% higher than the same quarter last year.Preliminary results for the BlackBerry maker for the quarter ending November 29 shows that revenue is expected to be in the range of $2.75-$2.78 billion, the company reported. It was previously forecasted to be in the range of $2.95-$3.10 billion. The markets didn’t appear to be surprised Tuesday, with RIM stock up slightly to close at $48.90, but that has been after a number of weeks which have seen the share price take a beating, well...