Poll: What Should Research In Motion Do?
Already rocked by delayed product launches and fierce competition from Apple's (AAPL) iPhone and Google's (GOOG) Android operating system, RIM gave already beleaguered investors little to cheer about with its latest quarterly results.
RIM shares plunged following its first-quarter results.
In addition to its miserable numbers, RIM pushed back the launch of its already-delayed BlackBerry 10 and announced plans to lay off 5,000 employees, roughly 30% of its workforce. Investors balked at the news, sending the company's stock plummeting.
RIM shares are down almost 50% this year.Inevitably, big questions are now being asked about the company's ability to survive despite CEO Thorsten Heins' confidence in the long-awaited BlackBerry 10. There has already been chatter, for example, that a vulnerable RIM could make an attractive target for a host of companies, including Microsoft (MSFT), Amazon (AMZN), Nokia (NOK), HTC, Samsung and even Facebook (FB). The next few months will certainly be crucial for RIM, which recently hired JPMorgan Chase and Royal Bank of Canada to assist with a strategic review of options. Take our poll and tell us what you think RIM's strategy should be.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV