It’s all about lawsuits today, and RIM was start to feel a little overlooked. No more – misleading financial projections ‘s the reason behind a class-action lawsuit filed against RIM by a few of its shareholders. Those of them who purchased the company’s stock in the period, mentioned within the lawsuit, want compensation.
We had been poring through fiscal reports from the top mobile manufacturers recently for any research, and pointed out that at some time RIM just says they are going to will no longer include the ASP (Average Selling Price) metric inside quarterly releases. RIM’s average asking price has been second and then Apple, thinking about the outdated hardware sold at top-shelf prices.
Reluctance to continue disclosing it may mean merely one thing – it can be heading down next quarters, and RIM is perfectly alert to that, while it experiences a transitional period. Well, shareholders are obviously not so kosher with insufficient financial information disclosures, which explains why they’re charging ahead with all the class-action. Such lawsuits are a dime 12, but were curious if this type of will affect RIM’s quarterly reports inside months into the future. The Canadian company denies any wrongdoing, of course, also its lawyers hold the word “projections” on the side.
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