RIM Shares Drop Days Before BlackBerry 10 Launch

Posted by Techvibes NewsDesk

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.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
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. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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