RIM’s stock fall to an 8 year low
posted by Charlene S. / Jun 04, 2012, 7:25 PM
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.
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.
posted on Jun 04, 2012, 7:30 PM 3
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.
posted on Jun 04, 2012, 11:34 PM 0
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):