RIM Now Sees Clearly, Giving Up on Smartphones
NEW YORK ( TheStreet) -- A wise man once told me "sometimes one has to first lose an eye to see things clearly."
It didn't require a lab experiment for me to appreciate the value in that statement and it has long helped to avert possible aches and pains over the years. In the stock market, embracing the idea of "losing an eye" gets a bit more complicated particularly for corporations given Wall Street's demands for profits and growth. For that matter, investor success is often heavily predicated on "visibility" or anticipation.
RIM's Lack of Visibility
This motto is most appropriate for beleaguered tech giant Research in Motion (RIMM). If there is such a thing as "losing an eye" on the stock market, RIM would rank at the top of the leader board, along with names such as Nokia (NOK - Get Report), Yahoo (YHOO), AOL (AOL) and Novell. For good measure, let's toss in MySpace, seeing as FaceBook (FB) is due to release its highly anticipated IPO.
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