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RIM to become the new Palm

November 27, 2011

A quick analysis by Henry Blodget from Business Insider:

RIM’s stock hit a 7-year low this week, $16.

This gives the company a market cap of $8 billion, which is still a big market value for a company that is most likely headed for extinction (see Palm).
…..
So, with luck, RIM shareholders will salvage more than Palm shareholders did (about $1 billion, thanks to an idiotic acquisition by HP.)

With RIM’s stock value keep heading down, that’s what I’d call “idiot” for being delusional and arrogant.

Oh, I also agree with Henry on that HP’s “idiocy” part.

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