Thursday, October 04, 2007

RIMM has great quarter

People are snapping up those Blackberrys one after another.
Waterloo, Ontario-based RIM added about 1.45 million BlackBerry
subscriber accounts in the quarter and shipped more than 3 million devices. The
total BlackBerry subscriber account base at the end of the second quarter was
10.5 million.

It seems that after-hours traders were looking for even better numbers or maybe a higher guidance or something.
In after-hours trading, RIM shares fell $1.94 to $98.60. Earlier, they
rose $4.26, or 4.4 percent, to end regular trading at $100.54.

It looks like most of the options action was to the Call side so it will be interesting to see what the stock does tomorrow.

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