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Following yesterday bloodbath, shares of RIM stock plummeted by as much as 19% after-hours on concerns surrounding RIM second-quarter and full-year outlook. The Waterloo, Ontario-based company slashed its full-year EPS outlook from $7.50 to between $5 and $6.50, samsung led and it said second-quarter earnings could be as low as $0.75 per share. Abramsky remains cautiously optimistic, however. Disappointing Q1 results validates prior execution concerns amidst competitive pressures, he writes. Although it possible RIM fails to turn itself around cheap mobile phones buy , that outcome may be premature, we believe, given sustained positives. The analyst notes 16% year-over-year growth, 68 million total subscribers, service growth and enterprise leadership among the yesterday bright spots, and says RIM strategy with QNX, TAT-built user interfaces and Android app support remains sound. He adds that the impact of BlackBerry 7 devices this fall and then QNX-based handsets nokia online blackberry 8120 blackberry 8520 curve , which are expected in the first quarter of 2012, could make RIM an attractive acquisition candidate.Apple announced that their popular iWork suite of apps are now compatible on iPhone and iPod touch devices a little earlier today, and you know we had to
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