Friday, November 4, 2011

RIM is now worth less than its assets




A fall in the share price of battered BlackBerry maker RIM puts the firm's market value below the value of all its stuff today.

The Canadian company's tablet product has become increasingly difficult to shift from the shelves, with retailers first slashing prices and then touting them in a buy-one-get-one-free offer.

One of the issues with the device is its lack of a native email client, a situation the company was supposed to be remedying with an update over the summer. Last week, however, RIM announced that it was deferring the OS upgrade until February next year. Even worse, that update still won't include BlackBerry Messenger.

read more at http://bit.ly/uWV3BN

source: The Register

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