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RIM Shares Drop After Earnings Release

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 5:08
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This is very -- in the morning.

On the phone -- Morning everyone shares of Research in Motion are lower in the premarket after the company missed expectations with its fourth quarter results.

Rim says it's reviewing strategic options -- new CEO Thorsten -- wouldn't rule out selling the company either.

The Blackberry maker reported a profit of eighty cents a share which was a penny shy of analysts' expectations.

While revenue fell 25%.

From a year ago to four point two billion dollars also short.

Of the four point 54 billion dollar estimate rim says it should just over eleven million Smartphones in the order a -- low end of its forecast of eleven to twelve million.

The company says it will no longer provide earnings guidance due to a desire to focus on long term value creation.

Meanwhile rents and former co CEO Jim the silly has left the company's board of director.

And the company's chief operating officer and chief technology officer are also leaving.

Greece's prime minister says he's not completely ruling out the possibility that his country will need 83.

Bail out in an interview with Italian media Lucas -- Medina says Greece is doing everything possible to avoid that.

But that even if it it implement all of the austerity measures discussed the country still may not be able to access the markets.

Billion sure that Greece will not leave the -- saying doing so could result in higher inflation and a decrease in the real value of bank deposits.

Checking the markets now here in the US -- the last trading day of the first quarter and futures are up across the board.

Dow futures are up by 52 the S and -- up by six and the nasdaq's up by thirteen.

Over in Europe.

Finance ministers are meeting in Copenhagen to discuss increasing the region's bailout fund.

Stocks there in the Green London's up by 37 Paris by 43 and Frankfurt's up by almost 71.

Well let's have a closer look at what's moving those markets but the Motley pools UK David alone on Monday.

David -- European finance ministers are meeting on the size of the region's bailout fund yeah Greece's prime minister saying.

He won't rule out the possibility that they -- need a third bail out there could those comments for the prime minister impact the talks over Copenhagen.

Well I don't think anybody would really that surprising though when I look at Carnegie Moscow mountains that he will -- -- that Iraq.

I think most people would have been more surprised that he said we didn't need -- -- -- -- And I think as far as the finance ministers a -- while they will be very wary offers what happened yesterday in Spain.

But that industrial unrest in Spain they have data general strike and people were very concerned about ten.

The changes in the labor lol but I think you know that is something that is going to be very because they pervasive across book across Europe what will happen is that.

Countries will have to cut that budget deficit as well as changing the labor laws of the same time.

Making the labor -- a little bit more flexible the workers -- and -- -- that.

But I think the market and also the rest of the world with the ideas and so does that you do need to change labor laws to make it more flexible so that you can cut wages.

-- gonna make it more difficult for people to go on strike.

And also.

In order to sort of make had.

The labor market just -- generally more appealing.

And David what do you make about the discussion regarding -- rescue fund we're seeing now that they've agreed to.

-- firewall by roughly 800 billion euros do you think this is a -- -- Well I think you know they need to do something at the moment I think -- have something like a 500 billion and that.

I'm -- I think the rest of the world is looking for something close to a trillion.

So somehow they have to actually sort of move up from 500 billion to a trillion now the Germans say 800 billion.

Other people are saying oh you know let's make the 700 billion just -- the whole hog and just let us say yes -- gonna have a trillion a trillion Euro fund yet.

In case anything happens but even though they do fall short of that I have an army is going to be the end of the world because most people know that.

There is going to be a back stop that there is gonna be the ECB -- even if they do say 700000000800.

Billion the rest of the money will come from the ECB.

The ECB's already -- -- trillion into the European economy already.

And I think they need to they would just fire up those printing presses and they just put more money.

And quickly gave -- wanna touch on -- Ireland the finance minister -- laying out plans to sidestep a four billion dollar banking debt due this month look kind of effect could that have on the country's effort to tackle its debt.

Well I think about that is another situation you know web went by the country.

Is slowly getting out of its problems and in order to do that they need to actually sort of make some some some drastic reforms.

And if that means you know sort of reforming the banks in some ways -- helping the banks out.

I think they gonna do everything possible I mean all the European countries have their own individual problems that we have problems Spain has problems Portugal has problems.

And of course you know island has its own problems I think you know what they will need to do somehow this to happen.

May be at this next finance -- think I don't think they're gonna be talked about island so much they already going to be focusing on this that the stability fund -- European stability mechanism that they have.

In order to try and sort of pump my money -- to into Europe.

The the only people I think the only country that would be against any kind of found.

Stimulus will.

-- of course Germany Jeremiah -- I think it -- are and that -- -- he's there we're out of time but thank you so much.

Imus in the morning continues right now.

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