Dec 15, 2011 at 8:21 pm
I know, I know... it's not funny if you own shares of RIMM stock to see the price dip below $14 in after hours trading, but seriously... we're CrackBerry... gotta find the humor even in crappy situations.
RIMPIRE will strike back in 2012.
Dec 15, 2011 at 9:03 pm
Anybody Remember Nortel ?
Didn't Think So .
Dec 15, 2011 at 9:24 pm
Another Canadian company that entered the US market pretty much owned the market until the likes of cisco and others came along. Nortel was eventually bought and sold for its many patents. I don't see the similarity tho :) I kid I kid..
Dec 15, 2011 at 10:48 pm
Ok, Eminem - LMAO!
8330 - 8530 - 9630 - 9650 - PlayBook - 9930!
Once you go Bold, you never go back...
Dec 15, 2011 at 10:09 pm
obviously you don't.
Nortel lost billions of dollars, RIM is making billions.
Dec 15, 2011 at 8:21 pm
Dec 15, 2011 at 8:22 pm
That is hillarious.
Dec 15, 2011 at 8:23 pm
Yep, funny. But the phone is ready to fall.
Dec 15, 2011 at 8:23 pm
below 10$ and than there will be a buyer . . . trust me but we will see $10 before the end of this year :) wait til tomorrow -6% right now . . . wow
Dec 15, 2011 at 9:37 pm
Probably will see $10 before the end of Q1....
Dec 15, 2011 at 8:26 pm
It's great to be a short seller and make money all the way down.
Dec 15, 2011 at 8:32 pm
then RIM is the right horse to bet on ;)
Dec 15, 2011 at 8:38 pm
some would argue the price is too low to short to make a decent profit.
Dec 15, 2011 at 8:28 pm
Dec 15, 2011 at 8:29 pm
i love these doodles!
"how low can it go!"
Dec 15, 2011 at 9:23 pm
Thank all of you for the great comments! Keep 'em coming.
Dec 15, 2011 at 8:37 pm
Very sad but funny.
Dec 15, 2011 at 8:52 pm
not low enough ~~~ i mean wtf are they doing? it's over imo.... sigh~~~
Dec 15, 2011 at 9:08 pm
RIM is a disaster in the making if they can't get these QNX phones going in the U.S.
I still have a few friends that have BBs but I see some people migrating to Android now. RIM can probably get them back but we need to see a leapfrog in technology with OS10 phones. Can they do it? Don't know.
Dec 15, 2011 at 10:05 pm
RIM shall not perish, as long as they have millions of BB worshippers in Indonesia
Dec 15, 2011 at 10:13 pm
Maybe its time RIM left the public trading space and focused on making good phones. 90% of this bad press is a shitty stock price, get rid of that and you only have 10% of ur bad news. That 10% tho counts for delays, tech problems, promises unfulfilled etc etc.
Dec 15, 2011 at 10:19 pm
never mind wall street manipulation, RIM BV is $19, they have a clean balance sheet with very little soft assets. logic will prevail and the share price will return to its intrinsic value
Dec 15, 2011 at 11:33 pm
Sadly, I predict that RIM will not be owners of these infamous BB devices in the future.
Talks of acquisitions likely entertained already behind closed doors.
I hate to be this negative, as I'm a strong supporter of BB devices, but RIM as a company is not delivering.
Other than the PB being released pre-maturely, we can argue that it is better to take the necessary time to release a great product (majority BB devices were up to par at each release) but the competitors are saturating the market and taking the sales; at a pace that RIM cannot make grounds on!
Dec 16, 2011 at 12:14 am
The price is falling because there are people in this world that believe everything their financial analysts tell them.
RIM is still growing sales but their penetration is in markets that cannot absorb the kind of margins we see in the US. So while it still generates huge amounts of cash, and has no debt, margins aren't like they used to be.
RIM is already trading below book value, and if it falls much more I imagine the company will just buy its own shares and possibly go private. Freed of some of the crazier US securities laws RIM could massively reduce costs. Freed of the overhead of all that bureaucracy they might even hit the odd target date.
While the CEO's have completely lost control of the company as a whole, they still represent RIM. Without them the company would lose its identity and any chance of recovering its stock price. Remove the CEO's and I think RIM would be broken up within months and shareholders would lose even more.
No corporation will buy RIM because even if there were a potential buyer (and the only buyer that makes any sense is Apple) no sooner had they expressed an intent to buy the stock price would shoot up to where it probably should be, somewhere between $40 and $50. RIM's price is entirely sentiment based. Logic doesn't come into the equation.
Dec 16, 2011 at 1:58 am
They are not growing anywhere near as fast as the overall smartphone market. Apple iPhone just keeps slightly above that pace. HTC and Samsung are growing huge with Android. If RiM cannot grow with the overall growth in smartphones, or at least stay close to that pace, then they will be less common. Share price is partially based upon a perception of growth, yet even their guidance lower indicates they are expecting even less growth as a company. There is no point in the share price appreciating without growth at the company.
Dec 16, 2011 at 4:12 am
Sad oh so sad. Here in the UK Rim have only one problem, lack of marketing. Love my BB handsets and my PB but only 2/5 local stores have working PB displays. The fruit of first sin market their product effectively most people I know have never heard of PB.......... Advertise Rim, you have the best tablet on the market, tell people.
"Of course i blow my own trumpet...... know one else knows the tune"
Dec 16, 2011 at 5:27 am
So there are about 500million shares outstanding at the current stock price of 14$ that's about 7 billion. As someines comment why doubt they buy them sells and gi private???
Dec 16, 2011 at 7:52 am
The better question is, why don't they double or triple the QNX development team and get the new phones out earlier than expected.
But, I also agree, they should just buy up the rest of the stock and go private. 75 million paying customers and profitable, yet the analyst make it seem like RIM is on its death bed.
Dec 16, 2011 at 8:10 am
The earnings call had nothing positive, nobody has confidence in the CEOs anymore. Not only was the quarter bad, but the lack of guidance is killing them. Mike and Jim need to go, they should of been gone months ago. Sigh.
Dec 16, 2011 at 8:02 am
How does one stump up $7bn to buy stock when you don't have the money? Investors? Oh, wait.
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