Plummeting share prices at Research In Motion are being reported by MarketWatch here. This quarter has seen disappointing results for the Canadian handset maker, but nothing unique there during the recession. Investors are nervous, twitchy people and the company are seizing the opportunity to buy back $1.2 billion in shares over the next 12 months, around 3.6% of its outstanding stock.
Competition for everyone will only get more fierce as a BlackBerry becomes one choice among many for consumers. Meanwhile, every other manufacturer will be teasing the stable population of loyal Prosumers with new toys.
Based on cash-rich projections, a stable balance sheet and a powerful brand I expect to see RIM come back fighting. But fight harder than the Storm 2 please.
Originally published at OneMobileRing.com