Research In Motion (RIMM) Reported First Quarter Results. Revenue for the first quarter of fiscal 2008 was $1.082 billion, while GAAP net income for the quarter was $223.2 million, or $1.17 per share diluted. Both numbers were well outside the high end of the guidance range the company provided last quarter, and I feel like a chump for hanging onto my puts.
Given that the deals still abound, the iPhone debuts today and the puts are nearly worthless anyway I will continue to hold onto them, though without much hope of them expiring in the money.Like this article? Why not try out: