Bankruptcy for RIM (RIMM)? Gene Munster Thinks So

Research In Motion Limited (Nasdaq: RIMM) ticks lower after Piper Jaffray's Apple (Nasdaq: AAPL) analyst, Gene Munster, said in a scenario where Apple goes to a $1000 per share, there is no room for RIM and the company will likely go bankrupt.

The comments were made in a CNBC interview.

Shares of RIM are down 4.8%.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Faraday Future reschedules CEO report, plans partner conference
• Faraday Future unveils nine robotics devices priced from $9,990
• Minerals Technologies outlines calcium metal and slag recycling plans