RIM's stock "bears" watching
This article contains unofficial information.
RIM's stock (Nasdaq symbol RIMM) has recently cracked the 50 level on the downside. Technical Analysts, who use charts to predict the future movement of stocks, are bearish on the stock with most saying that RIM is now in a downtrend. The 52 week high for RIM is 88.08 with the 52 week low of 45.05 set on Friday.
Despite the drop in the stock, and the view in the industry that somehow RIM is behind the curve, BlackBerry phones still have fans. Wunderlich Securities analyst Matthew Robison said, "I talk to the most risk-averse type of users, like defense contractors, and they would not even consider going outside of RIM." The problem is that even with the new multimedia-centric BlackBerry 6 OS and the much improved WebKit browser, consumers are flocking to Android models and the iPhone. With Microsoft soon to flex its muscles with the new Windows Phone 7 OS, things could get a lot worse for stockholders of RIM.
1. bucky (Posts: 1292; Member since: 30 Sep 2009)
they arent gonna get any investor confidence by relying solely on bbm or anything under 1000mhz processor speed anymore.
2. king60ft (unregistered)
The blackberry server is really not up to speed and they need to get into the big screen. The blackberry hardware needs to atleast kick 1000. I wish RIM Would stop putting the minimum in there handsets for most profit.
3. tiolawa (Posts: 115; Member since: 05 Dec 2009)
Didn't see this one coming.. lol. Not a big shock when your flag ship device is a year behind the competition.
4. Blackberry is Ghost (unregistered)
Rim is dying, don't be suprised if in the next few years, they become the next Palm on every level. Everyone had a sour taste left in their mouth after the Storm released, being it was supposed to be a hurricane and it became a sprinkle.
5. bb is dead (unregistered)
bb is in big trouble, they are losing customers left and right. if it wasnt for their business customers they would already be bankrupt. they dont put any effort into a new phone.making a new phone just barely better than the previous. (sounds familiar hmm apple) lol. everything that comes out is already a year behind the curve of everyone else. not to mention people want apps, free apps. on bb you have to pay for everything the bb developers are trying to get rich off every app. on android majority of the stuff is free. android is activating 200000+ phones a day and it wont take long for them to overtake the #1 spot in the market. i WAS a hardcore crackberry addict for 3 years. bt i traded in and havnt looked back and dont plan to since i got my incredible.
6. DmaN (unregistered)
OMG!! I feel the same way. I've told people exactly the same thing. RIM aps cost more and seems to do less. Hardware is slow and camera resolutions are low. I too was a hardcore BlackBerry user. I switched to Android and NEVER looked back. Felt like I gained a lot by switching.