RIM Offers Little Comfort to Investors
Tuesday morning's shareholder meeting for Research In Motion (RIMM) didn't seem to please investors. In late Tuesday trading, RIM's shares were down 6% and hit a new 52-week low.
I'm not sure what people expected to happen at the meeting. The shares got bid up last Thursday and Friday some 10%-plus. That may have been due to a dead-cat bounce -- after the recent earnings shortfall, the shares had sold off. But it seems that people were also hoping to hear some announcement at the shareholder meeting....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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