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Monday, March 19, 2007

Research In Motion

In a March 6th story in eWeek, by Wayne Rash, Research In Motion’s (RIM) CEO stepped down after the company misstated $250 million in stock options. Professor H. David Sherman from Northeastern University's College of Business Administration believes that the impact will be minimal. "This is a great example of a restatement that has marginal impact." He said that this is actually a positive move by RIM. "In reality, this is a wonderful thing. They found the problem, it's not a real problem, and assuming they found all of the problems, shareholders can be aware of it, and they're boosting their financial credibility rather than being tainted," said Professor Sherman.

To read the full story, go here:
http://www.eweek.com/article2/0,1759,2100519,00.asp

Posted by Paradigm Communications at 9:21 AM
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