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RIMM: like Apple 12 years ago... seriously? "The similarities between the two companies are...
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Thursday, December 22, 2011, 7:15 PM ETRIMM: like Apple 12 years ago... seriously? "The similarities between the two companies are striking," Whopper Investments says, calling it a "powerball idea." At current prices - trading for a discount to its assets despite its franchise potential - RIM offers "huge upside potential, and downside could be limited by all of their assets."
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RIMM looks like Palm before the Pre. A company that struck a chord with a good product, but could not follow through on it and was subsequently destroyed by competition that was bigger, better funded, and more inspired.
RIMM needs to reinvent itself or it'll go the way of the dodo.
As mentioned: Steve Jobs. Boom. While their might be technical similarities in these 2 companies, the difference in management is... Overwhelming. Huge.
Can't see it happening.