Monday, September 29, 2008
“Head in the Sand”? That’s a Euphemism, Right?
Looks like somebody’s got a case of the Mondays–Research in Motion. Shares in the company slipped more than 6 percent to a new 52-week low today. This after charting a new 52-week low last Friday driven by the 27 percent drop they took after RIM issued a lower-than-expected forecast for the current period. That decline was the company’s steepest in eight years and belied CEO Jim Balsillie’s claims that emerging competition from new handset makers isn’t undermining RIM’s competitive position.
