Browsing articles tagged with " research in motion"
You know when CEOs of companies come on CNBC or Bloomberg and say they don't need to raise more capital or say their company is fine and they will survive? What usually happens?
They try to raise more capital or they end up going bankrupt. The stock only goes lower and lower. There's just really no way for a CEO to say anything to turn the tide if it's negative. The only thing you can do is take steps to turn your company around. Put your head down and go to work. Develop partnerships. Sell your company before it's too
David Einhorn purchased 2.9 million shares of Research in Motion last quarter, I wonder how he feels about those RIMM shares today?
Perhaps Einhorn, like Mark Cuban
, isn't really too concerned but such a small investment or trade. Einhorn's hedge fund, Green Light Capital, has a huge position in Apple, and maybe these 2.9 million shares are just a flyer or lottery ticket. But still, for the regular person on the street, this is a huge sum.
Back in mid February, when Einhorn's RIMM position was disclosed, it was worth about $44 million. Now, after Research in Motion announced
I had no idea Research in Motion even had stores. Who knew. Don't think too many people. You don't hear about long lines forming out front of their stores to get the latest Blackberry. Fans sleeping in tents out front so they can be first in line. Nope.
To think Blackberries were once called Crackberries, as people couldn't put them down and loved the keyboard feature. Now it's all about touch and sliding your finger across the screen and the iPhone. The Blackberry was huge in the legal sector about ten years ago. Lawyers couldn't leave the office without them.
Tired of everyone on Wall Street making fun of them, laughing at their struggles, First Solar, Diamond Foods, Green Mountain Coffee and Research in Motion have decided to combine and form one "SUPER" company and take on all their detractors.
As one super company, they feel they can now fight off the likes of Apple and Starbucks and other mega companies that are attacking them for no good reason.
Plus, the CEOs thought as one solid unit they'd have more financial resources to create new products. They also said they were just tired of being picked on, of being bullied.
There's a rumor going around that in a last ditch effort to save their mobile phone business, Research in Motion (RIMM) is coming out with a Gordan Gekko cell phone, just like the one he used on the beach in the movie Wall Street.
New RIM CEO Thorsten Heins said it was looking back to go forward.
The company is trying to target Wall Street traders who love Gordon Gekko and remember those good old days on Wall Street when bonuses were enormous and insider trading was everywhere. While the phone is quite large it's also more durable and won't break
Yeah, I've decided to make some stock picks this year. First up, I'm going to endorse Research in Motion (RIMM) as a strong buy. It's a good stock to own right now. It's been kicked around and has now battled back a little bit. I respect that in a stock.
Yes, I actually have a Blackberry believe it or not. I use if for emailing my wife. And I'm going to buy one of those Blackberry PlayBooks for my daughter. I'm buying RIMM because someone is going to buy this company. It's too cheap. Oh, I think Microsoft could easily come
Just yesterday, software giant Oracle was trading for around $29 a share. Now, after a disappointing earnings report due in large part to the slow down in Europe, Oracle's stock (ORCL) is trading for around $25 a share. Ouch. That's over a 13% drop.
What's worse though is when you look at from a market capitalization standpoint. The $4 drop in price with about 5 billion shares outstanding works out to a $20 billion loss. Ouch again. Then you could say how much is that $20 billion worth in terms of other companies. How about Salesforce.com which is worth about
For once, here's some good news for Research in Motion, at least Jon Corzine still uses a Blackberry. What's more, he loved to trade on it, even in meetings. I can see it now, a new commercial for RIMM, with Corzine trading on his Blackberry at home, at his lawyers office, at a Congressional hearing, and then maybe even from a cell.
His obsession with trading was apparent to MF Global insiders over his 19-month tenure. Mr. Corzine compulsively traded for the firm on his BlackBerry during meetings, sometimes dashing out to check on the markets. And unusually for a
Remember those Research in Motion executives who got wasted on the plane
and had to be restrained on the fight? Well, more info is coming out about the flight and apparently the two "executives" chewed through the plastic handcuffs that were put on and it looks like a few passengers had to sit on the men until the flight could land at a closer airport - which took a full 80 minutes. Talk about a flight from hell. The flight was originally set to go to China but was diverted, on two occasions, to closer airports so the drunks
Can you really blame the two Research in Motion executives for having a few drinks on their flight to China? No, of course not. Maybe even more than just a few drinks, especially when you consider how poorly the company has performed over the past year.
Can you condone their hostility to the flight attendants? No, but what if they were taunted by the airline stewardess? Well, then you might give them a bit of a break. Perhaps the stewardess just started laughing at the men when they said they worked at Research in Motion and kept pulling out their