No matter which way you slice it, RIM is still toast
Shares of Research In Motion, the makers of the BlackBerry, are, by some Thanksgiving miracle, up by a whopping 26 percent this week. Yes, you read that right.
On Monday, shares of RIM were trading on the Nasdaq at $8.69 apiece. Now they’re trading at $11.76 per share with no signs of stopping.
Wait, we’re talking about RIM, right? The same company that continues to bleed customers and cash like a bad Kung Fu movie? The same company whose outdated BlackBerrys are being tossed aside in favor of iPhones and Androids? And the same company whose savior product — the BlackBerry 10 — has been delayed?