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May 30, 2012 06:00 pm GMT
After a rough day yesterday, RIMM's stock opened down 10% today, trading at $10.05 at the opening bell. The stock price briefly recovered but it's on a steady downward trend as of this post's writing. If this slide continues, the stock is set to hit a low not seen since 2003.Trading of RIMM shares was halted for 15 minutes yesterday in order to issue a what the company called a "business update". CEO Throsten Heins detailed RIM's recently challenges and also explained that the company is employing the help of Royal Bank of Canada and J.P. Morgan to evaluate financial strategies. The company also warned that it will report a loss for the fiscal quarter ending on June 2. This came on the heals of report that states RIM is set to layoff a major chunk of its workforce.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BM0hwhW6wC4/
Research In Motion Opens 10% Down A Day After Issuing A Business Update
After a rough day yesterday, RIMM's stock opened down 10% today, trading at $10.05 at the opening bell. The stock price briefly recovered but it's on a steady downward trend as of this post's writing. If this slide continues, the stock is set to hit a low not seen since 2003.Trading of RIMM shares was halted for 15 minutes yesterday in order to issue a what the company called a "business update". CEO Throsten Heins detailed RIM's recently challenges and also explained that the company is employing the help of Royal Bank of Canada and J.P. Morgan to evaluate financial strategies. The company also warned that it will report a loss for the fiscal quarter ending on June 2. This came on the heals of report that states RIM is set to layoff a major chunk of its workforce.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BM0hwhW6wC4/
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