This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks With New CEOs to Stay Away From

Research In Motion

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

BlackBerry maker Research In Motion (RIMM) was for many years in direct competition with Palm (which as I mentioned was eventually purchased by HP) to capture market share in the enterprise mobile device/telecommunications business. RIMM handily won out, and for nearly a decade, it was the dominant player in the mobile enterprise space.

Then along came Apple and the iPhone. RIMM was slow to react as the consumer mobile smartphone market took off, preferring to stick to its core competency in the enterprise business. When Research In Motion did wake up to the new realities of the technology market, it produced smartphones with small screens that were just not as appealing as the iPhone.

Apple one-upped RIMM and Hewlett-Packard with its iPad. RIMM's response was the Playbook, which was, to say the least, a major flop, and now enterprise users are fleeing RIMM to Apple's platform.

>>6 Tech Stocks That Rate Better Than Apple

Shares of Research In Motion have been in rapid decline this past year. A new CEO, Thorsten Heins, is now at the helm. We recently learned that former CEO Jim Balsille had been at loggerheads with the board as he sought to open up RIMM's proprietary network to competitive products, thus maintaining control over the service aspect of the business. That might have been a smart move.

Research In Motion is clearly without a strategy or direction for the future. Don't let rumors of a takeover suck you into this stock. It is dead money.

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs