RIM Shares Drop Days Before BlackBerry 10 Launch

After a remarkably strong performance to start 2013, RIM shares are tanking just two days before the Canadian company is slated to unveil BlackBerry 10 to the world.

Shares are down more than 7% in trading today, dropping from well above $17 to just over $16 per share. Part of the reason may be because Lenovo's desire to acquire some or all of RIM now appears highly unlikely.

Still, the stock is nearly triple what it was worth just a few months ago when it was trading for $6 in September. The other side of the coin, however, is that it used to trade for $140 in 2008 during its peak.

SEE ALSO: RIM to Run Super Bowl Commercial for First Time Ever

RIM launches its next-gen mobile computing platform on Wednesday at major events in Toronto, New York, and elsewhere around the world. Its first device is widely expected to go on sale the very next week.

Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only... more

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Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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