The One Thing that Might Help Out RIM (RIMM)...
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Research In Motion (Nasdaq: RIMM) shares have been nothing but hit over the past few years as more and more consumers transition from BlackBerry to Android or iOS.
Following its tepid first-quarter 2013 earnings results, which was accompanied by more management changes, job cuts, and non-cash charges, the stock has bottomed at $7.25 or so.
Today, shareholders are greeted with the new BlackBerry 9310 smartphone, which will come to Verizon Wireless (NYSE: VZ) on July 12th. The investment community is so enamored with the 9310, RIM shares are down only 2.5 percent.
But, what one thing might help RIM over the next six months or so, to rekindle the love it once lost? Could it be a sale of the company? A keyless mobile device?
No, the best option might be to make any phone sold now upgradable to BlackBerry 10. And we mean any phone.
Basis for the argument is watching peer Nokia (NYSE: NOK) do more bleeding than a medieval barber with a severe case of muscle spasms. Nokia's biggest problem is that anyone who buys a device now, no matter how cool, innovative, or magenta, will not be able to upgrade to the next version of Windows Phone, which should hit sometime in October 2012. Nokia is on pace for a fifth-straight session of losses, having dropped 13 of the last 20 sessions.
So, though its not an end-all solution, we're sure there's been no mention of what happens when BlackBerry 10 (allegedly) gets released sometime in early 2013. With folks needing to sign a two-year contract to get the best deal on the new BlackBerry, it's not like they're going anywhere for a while.
What else can RIM do between now and then to bring back shareholder confidence?
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Following its tepid first-quarter 2013 earnings results, which was accompanied by more management changes, job cuts, and non-cash charges, the stock has bottomed at $7.25 or so.
Today, shareholders are greeted with the new BlackBerry 9310 smartphone, which will come to Verizon Wireless (NYSE: VZ) on July 12th. The investment community is so enamored with the 9310, RIM shares are down only 2.5 percent.
But, what one thing might help RIM over the next six months or so, to rekindle the love it once lost? Could it be a sale of the company? A keyless mobile device?
No, the best option might be to make any phone sold now upgradable to BlackBerry 10. And we mean any phone.
Basis for the argument is watching peer Nokia (NYSE: NOK) do more bleeding than a medieval barber with a severe case of muscle spasms. Nokia's biggest problem is that anyone who buys a device now, no matter how cool, innovative, or magenta, will not be able to upgrade to the next version of Windows Phone, which should hit sometime in October 2012. Nokia is on pace for a fifth-straight session of losses, having dropped 13 of the last 20 sessions.
So, though its not an end-all solution, we're sure there's been no mention of what happens when BlackBerry 10 (allegedly) gets released sometime in early 2013. With folks needing to sign a two-year contract to get the best deal on the new BlackBerry, it's not like they're going anywhere for a while.
What else can RIM do between now and then to bring back shareholder confidence?
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