Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Thursday, May 04, 2006
RIM Redux or Deja-vu
RIM is in hot water again. Another patent dispute with too much deja-vu. Last time they settled paying out hundreds of millions of shareholder's cash. The dispute could have been settled early on for a measly ten million. Is RIM a serial offender and what else is there? Should an independent board committee be investigating potential patent infringements? No company should have to pay out mega-buck settlements every few years. Management characterizes the patent fights as nuisance legal battles. What is the board of directors doing to ensure RIM is not a sand castle of intellectual property?