RIM’s stock fall to an 8 year low

RIM’s stock fall to an 8 year low
The situation at Canada based Research in Motion has been mostly doom and gloom. From the departure of several high level executives over the last few months to a rumored mass layoff to a complete failure of a “protest” at an Apple store in Australia. Things are continuing to go down as the company’s stocks ended today at an 8-year low.

On the heels of Samsung’s announcement of the Galaxy S III’s arrival in America, RIM’s stocks began to slide. They dropped under the $10 mark, ending the day down 5.85% at $9.66. RIM’s stocks have not been that low since December 2003.

We’ll have to wait until tomorrow to see if Tuesday will offer any relief for the struggling manufacturer, but it doesn’t seem like the worst is over yet.

source: AppleInsider

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7 Comments

1. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Sad. That's what happens when you leave stagnant fools in charge. Even the governments and corporations are switching from Blackberry. It's really too bad, as the new Blackberry X hardware looks somewhat appealing. Looks like the vultures will be looking to pick up both Nokia and RIM at some time since both stocks are incredibly low.

4. PhoneLuver

Posts: 481; Member since: Jul 05, 2010

I feel sorry for that guy that bought more stock not so long ago! It's been a long time coming. Too little too late!

2. imkyle

Posts: 1115; Member since: Nov 18, 2010

Still love my Playbook for $199. Solid deal.

3. axllebeer

Posts: 271; Member since: Apr 05, 2011

Love my PlayBook and Bold 9930. But, things have been going down for RIM for a while. I really hope the bounce back. RIM is a great company, just hasn't been ran well until these last few months. They put out good hard wear, and the new software is great. But only time will tell if the society that don't know much about RIM will give them another chance. They need to act quickly, and release a solid, fully baked, piece of hardware running BB10 ahead of schedule as an attempt to right all the times in 2011 they never met a deadline.

5. dcgore

Posts: 234; Member since: Feb 24, 2012

Palm #2.

6. miguel6632

Posts: 21; Member since: May 25, 2012

they should just become an oem manufacturer, people dont really care about blackberry anymore. they need to start competing with htc and samsung or they are going to go byebye

7. adi4u4882

Posts: 137; Member since: Jan 10, 2012

Now they have a Face "Palm" :D

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