a peak near $140 in 2008. The suggestion that the company re-brand itself as BlackBerry had been around for sometime, but it wasn't until today's introduction of BlackBerry 10 that the RIM name was put out to pasture and replaced by the BlackBerry moniker. It is a smart move by CEO Thorsten Heins because it shows that the company is starting fresh and he is cutting all ties to its past, which is probably a good thing.
So RIM employees went to bed last night, working for Research in Motion, and awoke as BlackBerry employees. Signage has already been changed throughout the company as a tweet from an employee shows with the new BlackBerry name replacing the RIM logo on one of the company's office buildings. This has been done system-wide throughout the company. Unfortunately for investors, even though the name has been changed, the stock's direction remains the same, down 12% on Wednesday as traders fretted over the delay to mid-March for the U.S. launch.
source: NicoleLampa via BerryReview