Research In Motion (RIMM) Continues Death Spiral
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Not surprising, but Research In Motion (Nasdaq: RIMM) is tapping new multi-year lows. Shares last traded at $12.59, down 2.3 percent.
As we described it yesterday, RIM is a "dead man walking." However, with 75 million subs, the company can still save itself. We offered up two solutions: 1. Co-CEOs Jim Balsillie and Mike Lazaridis need to step down, and: 2. RIM needs to drop QNX and other operating systems and immediately adopt Google's Android operating system.
As we described it yesterday, RIM is a "dead man walking." However, with 75 million subs, the company can still save itself. We offered up two solutions: 1. Co-CEOs Jim Balsillie and Mike Lazaridis need to step down, and: 2. RIM needs to drop QNX and other operating systems and immediately adopt Google's Android operating system.
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