RIM's Future not Necessarily Dim
Handheld communications device maker Research in Motion (RIMM) today finds itself in a conundrum, and this situation creates an interesting trade for investors today. Thanks to a one-two punch from Apple (AAPL) and Google (GOOG), RIM has suffered the textbook decline of a technology company that somehow fell behind the curve. Unlike Netflix (NFLX) which took a quick pounding after a bad quarter, RIM has punished investors even more by suffering from a steady decline all year long. Those investors who jumped in at a "cheap" price continued to watch the shares go lower and lower.
Starting the year at $60, RIM shares now trade for around $13, and the company is valued around $7 billion. Each time RIMM sets a new low, rumors resurface about the company's future and whether it can survive as a standalone business in the face of the iPhone and Android phones. As a company that produces the Blackberry and tablet computers, I don't think RIM stands a chance....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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