After a negative report from Morgan Stanley, troubled Research in Motion (RIM) couldn't dodge a 7.7-percent drop in their share prices. Morgan Stanley's analysts have also put forward a bleak forecast for the future of RIM.
RIM have BlackBerry 10 coming this year, their updated mobile OS, but is it enough to pull them out of this black hole? RIM's shares closed at $9.11 on the Nasdaq on Monday, down 75 cents from the open, but up from the $9.01 mark shares hit earlier in the day. RIM's shares peaked in 2008, and since then they have slid considerably, shedding 94-percent of their value.
I don't see how RIM can get themselves out of this mess, they really need an 'iPhone moment', or else I can't see the company staying glued together for much longer. BB10 better come out and drag millions of customers in, and even then, it's just one piece of the mobile pie. What are your thoughts on RIM?