Research in Motion to be Thinner (RIMM)
Billy Halleck had an easier time surviving in the movie "Thinner" than Research in Motion (RIMM) will have becoming (as their CEO said) a "lean, mean, hunting machine." Sure they will.
Research in Motion's new CEO Thorsten Heins gave his inspirational speech to the world proclaiming that upcoming BlackBerry devices would transform his dying company into a "lean, mean, hunting machine."
Mastery doesn't buy the 4th down Hail Mary play by RIM management, who does? Anyone? Bueller?
Research In Motion (RIMM) is trading at $7.42 and its shares are 3.77% from its 52-week low. Bottom feeders love that RIM shares haven't been this low since 2003 but who really cares? No outside buyers do, they have all passed at a chance to buy the company. Trying to catch a bounce in RIM shares is a risky bet. The Blackberry will soon be a distant memory like the Palm Pilot.
Bottom line: RIM will starve to death becoming a "lean... machine", so will investors.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Can the United States Rule the (Energy) World? | Financial Sense
- Caution Ahead: A Look at the Performance of the U.S. Transportation System | iBankCoin.com
- Ukraine Military Conducts Training Drill, To Test "Combat Readiness" | ZeroHedge
- Walking Down the Noir Alley of Smokes | iBankCoin.com
- Russian Troops Open Fire In Crimea, Reuters Reports As Kerry Delays Russia Visit | ZeroHedge
- And the Winner Is… | iBankCoin.com
- The Fallacy Of Forward Guidance In 4 Charts | ZeroHedge
The most relevant financial news and articles from the Internets
- 17 Mind-Blowing Facts About Russia | Business Insider
- REPORT: Feds Investigating Business Dealings Of Christie... | Business Insider
- Lena Dunham Spoofs 'Scandal' On 'SNL' | Business Insider
- WeChat Launches Its Mobile Payments And E-Commerce Program [Week Ahead In Tech] | Business Insider
- Suze Orman, Debit-Card Dealer | BusinessWeek
- SOCIAL BIG DATA: Each Social Network Is Using A Very... | Business Insider
- U.S. Kids Using Media Almost 8 Hours a Day - BusinessWeek | BusinessWeek