Below is the typical hand wringing.

• Research in Motion (RIMM) shares got pummeled when the company's fourth quarter earnings came out, missing earnings per share estimates by a penny, reporting 84 cents instead of the 85 cent consensus. (the horror) Revenue also came up short, at $2.24 billion against the $2.3 billion expectation.
• New subscriptions and BlackBerry units shipped were essentially in line with expectations. But the problem for this company comes from its guidance into its fiscal first quarter. The Street was looking for 90 cents on $2.439 billion. Instead, RIM expects 84 cents to 89 cents on higher than expected revenue.
• That's leading to questions as to why RIM won't be able to translate those better than expected revenues into increased profits? What new expenses are we not aware of, or that Wall Street wasn't counting on? Further, for a company so used to knocking the cover off the ball, why such a lukewarm report (in comparison to the expectations among the experts?)
• A quick call of some analysts suggest to me that some are worried that RIM's historic hyper growth might be waning, if ever so slightly. That's a problem. Another analyst wonders whether the Apple iPhone is taking a bigger toll on RIM than people had anticipated, slowing the company's growth faster than expected. In other words, are RIM's problems its own?

When you take 5 steps back and really look at the numbers and ignore the "analysts expectations" the data is astounding for a company of this size - I'd call it Googlish in fact.

• RIM said it earned $482.5 million, or 84 cents a share, in the three months ended May 31. That was up from a profit of $223.2 million, or 39 cents a share, a year earlier.
• The company said that revenue surged to $2.24 billion -- up 107 percent from a year earlier -- and that it added 2.3 million subscribers, about 100,000 more than it expected.

So the end is neigh! Well, not so much. This is no Garmin (GRMN). We'll look to buy in the coming days/weeks.

Now let's end with Nike (NKE) - see the one problem with RIMM is they are based in Canada. Therefore unlike the Nike's, or IBM's or just about any US multinational they are not benefiting from the United States of Subprime Peso (the artist formerly know as the dollar). Could of added some great juice to RIMM's quarter - instead they are stuck with the powerhouse Loonie. While CNBC clangs the pots and pans together rejoicing over the incredible growth last quarter in all these U.S. multinationals the dirty secret I revealed then, and will repeat in the near future (earnings season begins anew in a few weeks!) is if not for the dollar breaking to pieces, all these beautiful earnings would look quite pathetic for most of these companies. Let's take a quick and dirty look inside Nike - truly this one company says it all about the shift in global forces. (p.s. Nike down 6% in after hours as well - not a good day for the market darlings)

• For the fourth quarter, revenues increased 16 percent to $5.1 billion, compared to $4.4 billion for the same period last year.