“My article on Monday suggesting that social media giant Facebook or Sony would buy struggling phone manufacturer Research in Motion( was not well received by the company’s investors,” Richard Saintvilus writes for TheStreet. “However, I am beginning to wonder what serious alternatives these investors see that can salvage what little credibility the company has left.”
“On Monday, the stock closed below $10 — not a surprise as I predicted It would only a couple of weeks ago in an article titled ‘Short RIM Under $10.’ However, what was a surprise is that it had taken this long,” Saintvilus writes. “Having lost its double-digit support, investors are now scrambling for answers to the new most important question, can it hold $5? And will an acquisition occur before it is forced to find out?”
Saintvilus writes, “The fact of the matter is, I just don’t see a future for RIM where the scenario does not include an acquisition.”
Read more in the full article here.
MacDailyNews Take: Edselphones.
RIM investors must be dizzy from circling the bowl.
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