Research In Motion (RIMM -19.1%) closed with a market cap of $3.8B. After backing out...

|By:, SA News Editor

Research In Motion (RIMM -19.1%) closed with a market cap of $3.8B. After backing out cash/investments, that spells an enterprise value of just $1.6B, or $3.10/share. Of course, some of that cash is likely to burned in the coming quarters by hardware losses and restructuring costs. That leads Barclays to predict RIM's cash balance will fall to $3/share from a current $4.40/share by the time BlackBerry 10 launches. Expected outflows lead MKM to value RIM's cash at just $2/share. (more) (transcript)