Beleaguered RIM: Will a buyout happen before $5?

“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.

Related articles:
Beleaguered RIM’s latest woes seen speeding loss of BlackBerry users – June 1, 2012
Research shows U.S. feds making tectonic shift from antiquated BlackBerry to Apple iPhone, iPad – May 3, 2012
Beleaguered RIM shares tank further as CEO hit with tepid response to Blackberry 10 – May 1, 2012

27 Comments

  1. RIM has strange culture and self distruct political environment.

    In RIM if a new hired person figure out major problem and introduce efficient approach, both manager and his buddy group member will proof their wrong approach works. just like someone point out driving a car is right way, pushing a car is wrong way, then both manager and his buddy group member will hate you, and proof that 3 person can also move the car by pushing it. cheating email will be sent to some vice president, saying like: see, the car moving, pushing a car is a natural part of the process, in order to deny new hired contribution of introducing skill of drive a car, they have to deny merit of driving a car.

    It is very strange company culture and strange company political environment, it promote stealing and cheating skill. RIM’s management may be a typical instance in MBA course.

    This culture deny or steal hardworking team members’ contribution/innovation, generate strange political environment, destroy RIM.

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