More and more investors are joining the bandwagon to bet against RIM. According to Bloomberg, short interest in RIM climbed to 59.2 million shares at the end of February which is the highest since January 2004. Research in Motion stock has lost 90% of its value since 2008, yet people are still betting the stock will fall even more. Even with the announcement of a new CEO, and his plan to revive the company, the world is betting against RIM.
Can RIM come back from the dead? I hope so. They make good hardware, and their security is unmatched.
Do you think RIM's troubles the product of bad management, or did Apple just do a better job innovating? Let me know in the comments.
“They have not kept up with the new world,” said Buzzy Geduld, chief executive officer of New York hedge fund Cougar Trading. “Where kids used to all use BlackBerrys, they’re all using iPhones now; where companies used to all use BlackBerrys, they’re now using iPhones and BlackBerrys.”
Can RIM come back from the dead? I hope so. They make good hardware, and their security is unmatched.
Do you think RIM's troubles the product of bad management, or did Apple just do a better job innovating? Let me know in the comments.