Thats because microsoft paid too much! msft paid that much because they were worried someone else was going to buy them out before they went public! Wallstreet is back in the game where too much money is chasing to few companies, thats what happens when you pump a system with trillions in cash and stimulus, that also happens when you leave easy money policies at historical lows for extended periods of time.....
In Bloomberg the other day they said that Motorola had 22% of market share in cellphones in 2006. Now they have 2.1%. In the 1990's, they were the cellphone company. I remember that Motorola created the whole cell phone as a fashion acessory with the v60. Now they are a has been. Could RIMM be the same way?
RIMM is done ..plain and simple. Apple destroyed Rimm as they concentrated solely on corporate clients and came out with nothing "cool" for the consumer.
apple's a joke. I wouldn't use an apple product if it was the last thing on earth. They cater to the cult-driven morons that like to pay a hefty premium for a piece of fruit (which happens to resemble a large portion of their customer base too).
Hello people i have a question it's little offtopic but may i know which platform you used ThePropTrader in his screenshot. Thanks
You gorgot to mention THE most important ingriedient in comparing RIMM to AAPL: Steven Jobs. Maybe MSFT can buy RIMM, instead of the rumored NOK, might be the best they can hope for...as it's game over for the cell phone market for RIMM, longer term. RIMM has basically no apps, compared to the AAPL & Android platforms. I should know, been using a RIMM phone for several years, and am actively looking for a new phone...I believe I'm not the only one, looking at the numbers, and warnings from RIMM's management... Again, they should be looking for the next Steven Jobs... $33 would be my guess...
Rimm earnings are just downright pathetic. They can release any new phone or tablet they want and will still lose major market share moving forward. The trend is over for blackberry. Research In Motion (RIMM) After Hours 5:18:27 PM EST 30.03 -5.30 (-15.0014%) Volume 7,139,302 Market Close 4:00:16 PM EST 35.33 +0.16 (+0.45%)