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Research In Motion Ltd. (NASDAQ: RIMM) saw a solid Q1 period, but corporate customer additions dropped while consumer customer additions soared (well, that was the implication anyway). Although the BlackBerry line of devices is selling quite well, RIM announced that it may not be able to meet Q2 targets of $0.98 EPS and $3.61 billion in sales.
RIM executives referenced a quarter that ends August 29 of $0.94 to $1.03 EPS and $3.45 billion to $3.7 billion in sales. It's leaving the possibility that the spending it's seeing to develop the "spectacular" road map ahead -- combined with intense competition with the iPhone and the newer Palm Inc. (NASDAQ: PALM) Pre -- may cause a dip in the current quarter.
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