Research in Motion to be Thinner (RIMM)
Billy Halleck had an easier time surviving in the movie "Thinner" than Research in Motion (RIMM) will have becoming (as their CEO said) a "lean, mean, hunting machine." Sure they will.
Research in Motion's new CEO Thorsten Heins gave his inspirational speech to the world proclaiming that upcoming BlackBerry devices would transform his dying company into a "lean, mean, hunting machine."
Mastery doesn't buy the 4th down Hail Mary play by RIM management, who does? Anyone? Bueller?
Research In Motion (RIMM) is trading at $7.42 and its shares are 3.77% from its 52-week low. Bottom feeders love that RIM shares haven't been this low since 2003 but who really cares? No outside buyers do, they have all passed at a chance to buy the company. Trying to catch a bounce in RIM shares is a risky bet. The Blackberry will soon be a distant memory like the Palm Pilot.
Bottom line: RIM will starve to death becoming a "lean... machine", so will investors.
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