Investopedia: Clarity Comes Too Late To RIMM

The best thing that can be said about Research In Motion (Nasdaq:RIMM) in the wake of its fiscal fourth quarter results, is that at least new management is no longer pretending that the emperor is fully clothed in regal splendor. Unfortunately, those hanging on in the hopes of a turnaround story should wonder whether management really has a firm grasp on the company's best chances for rebuilding the business.

Dismal Results 
It's hard to call RIMM's fourth quarter results anything other than a wreck. Revenue not only missed expectations, but fell 25% from last year and 19% from the preceding quarter. Handset revenue was bad; down 37% on what looked like a double-digit decline in units. Service revenue was up 26%, but makes up only about one-quarter of total revenue (and is ultimately a byproduct of device sales).

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