NEW YORK (
Research in Motion's
problems are mounting, as evidenced by its weaker-than-anticipated
, fueling further speculation about the company's future.
Already rocked by delayed product launches and fierce competition from
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
despite CEO Thorsten Heins' confidence in the long-awaited BlackBerry 10.
There has already been
, for example, that a vulnerable RIM could make an attractive target for a host of companies, including
The next few months will certainly be crucial for RIM, which recently hired
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.
Written by James Rogers in New York
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