Rumor- RIM is said to be rip for buyout or go out of business.

[TheForce]

Announced first round of layoffs this week.

Announced grim guidance for remainder of the year.

Announced no new plans for change to fix what is wrong with the company.

Announced new Playbook Tablet was not well received.

Stock has plummeted from 70.54 to 25.84. and is currently trading at 4.5 times forward earnings with a profit loss of over 50%

Canada fears this flagship company, one of it's largest to represent the country's tech industry may get sold to a US firm for cheap ( Google is interested in Rim's Patents). It currently employs 17,000 skilled tech people in Canada.

 

[mike123abc]

RIM, You are Done Here

Research In Motion is done. They’ll be bought in the next year or so, their products will roll into whoever buys them – Microsoft, most probably – and they’ll go the way of Nokia, Danger, and countless other mobile platforms. They’ll exist independently for a while and then be subsumed. It’s over.

Here’s why.

 

[Islandguy43]

Don't count them out yet...they have a huge presence in the asian market too.

 

[isaacmorseMI]

They still have no good multimedia phones. They just need to look at what everybody else is doing and adapt it to their platform. Who wants to use a 2.6 inch touchscreen. It needs to be 3.5 inches or bigger. Every quarter they are loosing market share to Apple and Google. I think they will still have their business niche though.

 

[Hall]

17,000 employees ? Doing what ?

 

[navychop]

I was surprised they weren't listed as a name that will disappear in 2012. They failed to keep up. They certainly aren't viewed as the latest and greatest anymore.

Do they still have better security than others, meeting gov't requirements?

 

[riffjim4069]

Don't count them out yet...they have a huge presence in the asian market too.

Sounds like 17,000 jobs will soon be going to China.