RIM (Reasearch in Motion) stock

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Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 28-06-12 19:03:02

Is RIM still in the game or it's on it's way to oblivion.
5000 Employees are being fired (announcement came today)..
& bunch of losses.. Stock seems to be punished severely.

Member since: Oct 02
Posts: 3409
Location: Mississauga

Post ID: #PID Posted on: 28-06-12 23:45:48

Looks pretty bleak to me. In addition to dismal earnings, they delayed the BB10 launch timeframe, which is supposedly their last hope. And by the time this is released, the iPhone 5 will be out, Android will have new phones and windows 8 phones will be out. The tablet market now has the Nexus from Google and Microsoft just showed the world Surface last week, widely expected to dominate the enterprise market. Playbook does not stand a chance.

Looks like their only hope is an acquisition, but nobody seems interested. Terrible for a company that ruled the smartphone market just a while back and bad news for Waterloo.

Are you there?

Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 29-06-12 00:30:51

Another good example of stock market..
Something that was worth over $ 80 is now worth $ 8 (may be even less)
I remember RIM was hiring like crazy in the heart of financial crisis in 2008.
I think some one will buy it out for a cheap deal for sure...
As per toronto star's last year's opinion, RIM takover is unlikely..
http://www.thestar.com/business/article/1105129--rim-takeover-unlikely-analysts" target="_blank">http://www.thestar.com/business/article/1105129--rim-takeover-unlikely-analysts</a>
Let's see what they have to say this year :D

Member since: Aug 11
Posts: 300
Location: GTA

Post ID: #PID Posted on: 29-06-12 08:41:35

1.BB10 launch delays
2.5000 global job cuts
3.$518M 1st qtr losss

its all over for RIM Reverse in Motion... based on available cash they can only survive one more year...:down:

Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 29-06-12 08:52:06

Facebook has plenty of cash, probably they will buy RIM for pennies on the dollar..
FB will be the winner (most of the initial IPO shorts are wiped/flushed out; & the conviction longs are holding it now)..

Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 29-06-12 09:29:28

I think by the time BB10 launches, it is going to look dated. Might look fanciest Blackberry but may look old compared to other phones in 2013. If they are saying Q1 of next year then it could be Q2 if recent history is any indication. Again there is question of apps, are there enough developers interested to write apps for BB10.

RIM might be of some use to Microsoft and Samsung but for Facebook, I am not so sure.

Give free food http://www.thehungersite.com ||

Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 29-06-12 09:50:17

It will impact the housing market around the area where RIM is located, RIM being a major employer of the region, it is going to hurt.

The greed cycle has begun to expose the bone now..

Originally posted by ashedfc

Is RIM still in the game or it's on it's way to oblivion.
5000 Employees are being fired (announcement came today)..
& bunch of losses.. Stock seems to be punished severely.

The cowards never started,
The weak died on the way,
Only the strong arrived.

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