Browsing articles tagged with " RIMM"
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
Tim Tebow has had an amazing run so far this year for the Denver Broncos. And while I love how he miraculously leads the Broncos to victory in the final minutes of the game, I'm starting to get tired of seeing him point up to the sky to thank the Lord Jesus for the win after each game. We get it already.
However, there are some companies who want to ride the Tim Tebow wave of popularity and need some kind of miracle to turn their companies around.
I'm hearing that Research in Motion
, Green Mountain Coffee
, Diamond Foods
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
With the news that Hewlett Packard has conceded to Apple and decided to get out of the PC, tablet, and mobile phone markets, is Steve Jobs cackling as he strokes his cat and peers out at the world from his spaceship?
It would almost seem so. There must be some joy in the hearts of Jobs and Apples' top brass to see all these other companies chasing them and struggling to keep up. Even good old Google, the search engine giant, who are trying to keep up with Apple and the iPhone by buying Motorola. A purchase that one Apple executive
In an article titled, "The Blackberry Strikes Back
", written in April of this year, Barron's said RIMM has the smarts and the products to battle Apple for years to come. And they largely sited the potential for overseas expansion as a reason to own the stock. They also sited RIMM's security system as a company strength that's not given enough credit.
Although they were right in saying there wouldn't be any lines for the PlayBook tablet
, they were completely wrong on the stock. The stock was hovering around $54 when they made the recommendation. RIMM has
The Yahoo Finance classic comment of the week comes from the message boards for none other than Research and Motion, otherwise none as the ticker RIMM.
There are a lot of shareholders who are suffering, understandably, as is just three months the stock as gone from $60 a share to under $30. The hope for RIMM now is they will get a buyout offer from Microsoft or maybe even Google. However, what with Microsoft recently buying Skype for $9 billion I don't think they're ready for another big purchase. We strongly empathize with this shareholder but also