10AM Will RIM Survive?
Posted Sep 16, 2011 09:13:31 AM.
This article is more than 5 years old.
10:00am Last night, Research In Motion took another hit. RIM reported second quarter revenues of $4.1 billion, however the markets were expecting $4.6 billion. RIM shares are down almost 11% in after-hours trading. RIM had lower than expected sales of smart phones and tablets. Co-CEO Mike Lazaridis pledged that RIM will return to growth in the quarters ahead. Guest: Peter Chandler, Cannacord Wealth Management. Question: Will RIM survive? 10:30am Retirees of the Budd Canada Plants are losing their health benefits at the end of this month. Their pensions aren’t in jeopardy, but the bankrupt company declared it was too expensive to continue to pay the health benefits. Question: Should companies be forced to pay promised pension benefits? Yes or No?
