Market Currents

Research In Motion (RIMM) has resumed trading following its giant FQ1 miss and layoff...

Thursday, June 28, 2012, 4:46 PM ET
Research In Motion (RIMM) has resumed trading following its giant FQ1 miss and layoff announcement. Shares are down 15.9% AH. The company's market cap is now barely above $4B. Mobile component suppliers such as Skyworks (SWKS), Broadcom (BRCM), Qualcomm (QCOM), and Marvell (MRVL) are off slightly AH.

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This news story has 11 comments:

edsonjh Comments (12)

R.I.P. RIMM...what's next, Nokia?

28 Jun 2012, 04:49 PM Reply Like

chabig Comments (461)

From their press release, "Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported first quarter results..."

In what category is RIMM still a world leader?

28 Jun 2012, 04:59 PM Reply Like

countingudown Comments (138)

Self-delusion?

28 Jun 2012, 06:56 PM Reply Like

GaltMachine Comments (930)

That may be one of the ugliest 5 year charts you will ever see. Apparently the lifespan of a tech "monopoly" is getting shorter and shorter.

From Mad Money, June 2007:

http://bit.ly/L5kNy8
"Finally, there’s Research in Motion where it’s game, set, match with the BlackBerry. RIM mops the floor with its competition, Cramer says, leading the pack on the enterprise side by at least 18 months as it successfully expands in Latin America. Cramer thinks RIM could even benefit from the iPhone release as consumers could turn to its 8300 model as a lower-cost alternative. They don’t call it the CrackBerry for nothing. "

Bottom Line: The jig is up. The new four horsemen of tech are here. Google, Amazon, Apple and RIM are all gigantic consumer names with mighty brands that are so powerful they're wiping out the competition, Cramer says. "

28 Jun 2012, 05:05 PM Reply Like

Gutone Comments (438)

http://bit.ly/IiHcTg

http://bit.ly/N8yA0y

http://bit.ly/MtgY4V

http://bit.ly/N8yBBK

28 Jun 2012, 05:24 PM Reply Like

JM1964 Comments (22)

I know things are tough for RIMM. Lots of negative hysteria, much of it deserved. But just think, number of customers INCREASED to 78 m from 77 m. Liquid assets INCREASED to $2.2b from 2.1B. Hmmm...

28 Jun 2012, 05:25 PM Reply Like

DeepValueLover Comments (5134)

lol.

Just buy Apple and sleep soundly at night.

28 Jun 2012, 09:03 PM Reply Like

JM1964 Comments (22)

Tons of negative hysteria, much of it deserved. But READ the financial results. Some positives: number of clients INCREASED to 78m from 77m, liquid assets INCREASED to $2.2b from $2.1b. My prediction: the stock will increase a bit in the days ahead. There's plenty for value seekers to sink their teeth into.

28 Jun 2012, 05:29 PM Reply Like