The news just keeps getting worse for Research in Motion. The BlackBerry maker's stock has fallen below $10 per share for the first time since 2003. RIM shares dropped60 cents, or 5.9 percent, to close at $9.66 per share. We have been watching the steady decline of the once dominant smartphone company. RIM was the first company to offer push email which revolutionized the mobile industry. RIM was caught sleep at the wheel however, and they let Apple and Google pass them by with smartphones that could do so many more things so well.
Research In Motion Limited, based in Waterloo, Ontario, said last Tuesday that it expects to post an operating loss for the current quarter and will have to lay off a "significant" number of employees. The company has also hired a team of bankers to help it weigh its options. Thorsten Heins, the CEO, said the company is not actively looking to sell itself.