RIM's investors have completely lost faith in the BlackBerry maker, and their stock prices has now fallen below the book value for the first time in nine years. RIM is now worth less than the net value of its property, patents and other assets.
Compared to Apple, Google, and Microsoft, RIM seems lost. The BlackBerry maker makes decent hardware, but the platform seems way behind the pack. They have announced a new OS, but they can't get it to market fast enough. They have also had too many outages for people to be able to rely on BlackBerry.
There are still a lot of people who love BlackBerry, but most investors see the road ahead as weak for RIM. Can RIM bounce back? I think its obvious that the leadership, and culture at RIM needs to change dramatically.
“The market, at book value, seems to be saying not only is RIM going to not get bigger in the future, but it’s actually going to shrink,” said Richard Fogler, of Kingwest & Co. in Toronto, who personally manages about C$1.5 billion. He sold his RIM shares in the third quarter. “Everyone’s frightened of what’s going to keep happening tomorrow.”
Compared to Apple, Google, and Microsoft, RIM seems lost. The BlackBerry maker makes decent hardware, but the platform seems way behind the pack. They have announced a new OS, but they can't get it to market fast enough. They have also had too many outages for people to be able to rely on BlackBerry.
There are still a lot of people who love BlackBerry, but most investors see the road ahead as weak for RIM. Can RIM bounce back? I think its obvious that the leadership, and culture at RIM needs to change dramatically.
