NEWS: More trouble for RIM (maker of Blackberry)

Research In Motion to Restate Results by $250 Million

March 5 (Bloomberg) -- Research In Motion Ltd., maker of the BlackBerry e-mail phone, will restate earnings by about $250 million and said James Balsillie will give up his post as chairman after a review of its stock-options grants. ...

``The shareholders here are the losers,'' said Richard Williams, director of research at ICAP in Jersey City, New Jersey. He rates the shares ``sell'' and doesn't own any. ``Backdating creates greater dilution. More shares had to be created to pay for those greater profits.''

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John Navas
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