RIM (RIMM) Shares Sink as Heins Fails to Reassure Investors at General Meeting
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Research In Motion (Nasdaq: RIMM) investors are reacting to comments from the company's Thorstein Heins at the Limited Annual General Meeting Tuesday morning. Below are some highlights:
After gapping higher at this morning's open (marking an intraday high at $7.83), RIM shares are now down 3.3 percent to $7.42. Bulls in the stock seem to be having a tough time pushing the price over an important technical level at $7.50.
- company will focus on a smaller number of devices
- "evaluating opportunities" to license the BlackBerry platform
- not manufacturing in China for security reasons
- says its understandable why shareholder support is "not unanimous."
- company working on some kind of video chat integration into the BlackBerry.
After gapping higher at this morning's open (marking an intraday high at $7.83), RIM shares are now down 3.3 percent to $7.42. Bulls in the stock seem to be having a tough time pushing the price over an important technical level at $7.50.
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