RIM shares now cost less than a six-pack of beer
RIM shares now cost less than a six-pack of beer
Research in Motion’s stock price has continued on its downward trend, briefly dropping as low as $9.97 during trading yesterday. The free fall is connected to several recent announcements, including that RIM has hired two outside firms to work out its financial issues, might have to lay off staff and will likely have an operating loss in the current quarter. For those keeping track, the last time shares sunk below the symbolic $10 mark was 2003—back when the United States thought a war with Iraq would be a great idea, Paul Martin started his turn as prime minister and 50 Cent was at the top of the music charts. [CBC News]
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[caption id="attachment_141657" align="alignleft" width="286" caption="It’s feeling a lot like 2003 around here (Image: Thomas van de Weerd)"][/caption]
Research in Motion’s stock price has continued on its downward trend, briefly dropping as low as $9.97 during trading yesterday. The free fall is connected to several recent announcements, including that RIM has hired two outside firms to work out its financial issues, might have to lay off staff and will likely have an operating loss in the current quarter. For those keeping track, the last time shares sunk below the symbolic $10 mark was 2003—back when the United States thought a war with Iraq would be a great idea, Paul Martin started his turn as prime minister and 50 Cent was at the top of the music charts. [CBC News]){kind=link}
i’d rather have the beer
Guess what time it is? That’s right! Calling out RIM time…
Napoleon = Waterloo = RIM = BlackBerry Bold = bbb = 666 = Mihalis = Identity Crisis = Hidden Greek = Kryptos = Magnotta/Berlin = K4 = Kings in 4 = Devils 0 = Demons = No rest for the wicked
Any questions? Yeah, you. I’m calling you out. Also, the game.
Be Bold = That 10423 is a pretty cool guy, eh knocks down demons and eh doesn’t afraid of anything.
I don’t think many remember when Apple was a floundering corporation near extinction until Steve Jobs resumed the helm. Up until that point it looked like Apple was surviving on a day to day basis. If not for the iPod, Apple might well be the footnote in business history it seemed destined to be at that time. And now they’re one of the most valuable companies in the world. RIM is still a solid company. Their products are still solid offerings. Their business model is still viable. The company is still valuable. I see this as a transitional period. Their upcoming product offerings show promise, and I, for one, am not willing to start digging their grave. I have three blackberry devices, and they’re great technology bought at a great price (my thanks to the jittery market for spurring the discount) and I have intention to buy more when the new devices come out. I don’t care what anyone says. A QNX based tablet with 16GB of storage and great processing speed for $200+tax is a fantastic buy, with plenty of software available to keep me happy. To RIM: Best wishes. I’d hate to see you go, but I’ve been a satisfied customer of yours, and you don’t owe me anything.