Research In Motion Ltd (BBRY) News: Earnings Miss, Healthy Cash Pile, Fearless Microsoft Corporation (MSFT) & More

Editor’s Note: Related tickers: Research In Motion Ltd (NASDAQ:BBRY), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG)

Research In Motion Reports First-Quarter Loss (WSJ)
Research In Motion Ltd (NASDAQ:BBRY) reported a surprise loss for its fiscal first quarter and didn’t break down shipments of its new line of smartphones, or the size of its overall subscriber base for the period, sending shares sharply lower early Friday. In premarket trading, Research In Motion Ltd (NASDAQ:BBRY) shares were down 16% in New York. Research In Motion Ltd (NASDAQ:BBRY) blamed its loss on a charge related to Venezuelan foreign-currency restrictions. Without the charge, the company said it would have approached break-even in the quarter. Analysts, armed with a wide range of estimates for the number of new BlackBerry 10 phone BB.T -3.71% the company had shipped, were expecting Research In Motion Ltd (NASDAQ:BBRY) to earn a profit in the latest quarter. The period was the first full quarter to include sales from the first of three new BlackBerry 10 smartphones, but in a surprise move the company didn’t break out those sales from older models.

Research in Motion Ltd. (BBRY)

BlackBerry introduces services for rival Android, Apple smartphones (MontrealGazette)
Research In Motion Ltd (NASDAQ:BBRY) is launching a business service for corporate and government workers with rival Google Inc (NASDAQ:GOOG) Android and Apple Inc. (NASDAQ:AAPL) smartphones. It’s called the Secure Work Space, and it allows Apple Inc. (NASDAQ:AAPL) and Android users to separate their data and work apps, such as email and calendars, from their personal apps bringing a greater level of security. The business service is a way for Research In Motion Ltd (NASDAQ:BBRY) to compete with its rivals, which have been eating into its business user base, which is mainly long-term corporate customers. Those deals can be highly lucrative.

Microsoft: We’re not afraid of BlackBerry, proud to be No. 3 in mobile (Yahoo)
A fierce battle is raging among smartphone industry contenders this year, but Microsoft Corporation (NASDAQ:MSFT) thinks the war has already been won. In an interview with Verge, senior Windows Phone product manager Larry Lieberman said that Microsoft Corporation (NASDAQ:MSFT)’s mobile platform is “solidly the third ecosystem right now. That’s a huge announcement in some respects.” While Windows Phone took the lead in the first quarter this year, the platform’s global market share is still neck and neck with Research In Motion Ltd (NASDAQ:BBRY). Microsoft Corporation (NASDAQ:MSFT) is unafraid, however. ”I don’t think they can bring to the table some of the things we have,” Lieberman said. “The fact like we’re delivering across such a different set of price points to such a large audience.” Research In Motion Ltd (NASDAQ:BBRY)’s first low-cost BlackBerry 10 smartphone, the Blackberry Q5, is set to launch next month.

RIM Maintains Healthy Cash Pile (WSJ)
Despite its ongoing struggles—including a loss in the latest quarter–Research In Motion Ltd (NASDAQ:BBRY)’s war chest keeps getting bigger. The BlackBerry maker’s available cash and investment balance reached $3.1 billion in the three months ended June 1. That was more than the $2.9 billion it had in its coffers in the prior quarter. The fact that Research In Motion Ltd (NASDAQ:BBRY)’s cash pile increased is interesting. The company had pledged to spend upwards of $1 billion to market its new BlackBerry 10 devices around the world, and it has done everything from glitzy launches to sponsoring Alicia Keys concerts to get the word out.

Can RIM Dial Up Big Sales? (WSJ)
Research In Motion Ltd (NASDAQ:BBRY) -3.71% will give investors Friday their first real insight into how the company’s all-or-nothing bet on a new breed of BlackBerry devices is faring. The smartphone maker long ago stopped providing financial guidance, and analysts’ forecasts of quarterly shipments of the new phones are all over the map—ranging from as few as 2.75 million to as many as five million. In part, the estimates vary so much because Research In Motion Ltd (NASDAQ:BBRY) staggered the devices’ rollout around the world. The touch screen Z10 has been selling in Canada and the U.K. for most of this year, and Friday’s report would offer the first full quarter of Z10 shipments in the U.S. market.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!