Research In Motion baffles investors with silence on options practices

Iria · Dec 26, 2006, 05:23 AM

Source: IHT
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OTTAWA: James Balsillie, the chairman and co-chief executive of Research In Motion, offered plenty of cheery news during an investor conference call last week: quarterly profit up 47 percent from a year earlier and a sales increase of 49 percent, largely based on the company's successful move into the consumer market.

On another issue, Balsillie had no comment: the review of RIM's stock option grants being undertaken by independent directors. The lack of information follows a pattern at RIM, the company that created the BlackBerry and made it a global brand. Ever since late September, when RIM said it had started the review, the company has offered investors and regulators few details, making it difficult to assess its potential impact or full extent.

Dec 26, 2006, 05:23 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Research In Motion baffles investors with silence on options practices Source: IHT ________ OTTAWA: James Balsillie, the chairman and co-chief executive of Research In Motion, offered plenty of cheery news during an investor conference call last week: quarterly profit up 47 percent from a year earlier and a sales increase of 49 percent, largely based on the company's successful move into the consumer market. On another issue, Balsillie had no comment: the review of RIM's stock option grants being undertaken by independent directors. The lack of information follows a pattern at RIM, the company that created the BlackBerry and made it a global brand. Ever since late September, when RIM said it had started the review, the company has offered investors and regulators few details, making it difficult to assess its potential impact or full extent.