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0 pointsdaeken13y ago0 comments

> Honestly, I don't think RIM will still exist this time next year.

RIM is going to hell in a handbasket, but they'll be around for another 5-10 years. Why? Their market cap is still $4B, their cash on hand is $1.5B (no debt). They may be hemorrhaging users and losing developer mindshare, but they have a lot of money and a lot of time left to make dumb mistakes in hopes of one of them working out. C.f. Yahoo.

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huxley13y ago

In June 2008, their market cap was $83B. In June 2011, it dropped to $13.6B. Today they are down to $4B.

As for cash on hand, they were sitting on twice that amount last year.

The decline is extremely significant and it does no one any good to pretend that they could ride this out for 5-10 years.

Samuel_Michon13y ago

RIM Customers Working On Contingency Plans

http://www.bloomberg.com/news/2012-07-09/rim-s-customers-wor...

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