Research In Motion stock
Is There Any Hope for Research in Motion (Nasdaq: RIMM) Stock?
Die hard BlackBerry fans are more worried than ever that Research in Motion (Nasdaq: RIMM) may soon meet its maker.
The recent declines in profit, sales and RIMM stock -- which has plummeted 51% in the past six months -- has sparked mounting anxieties that the end for Research in Motion is imminent.
Speaking to these fears, RIM's new Chief Executive Officer, Thorsten Heins, vowed yesterday (Tuesday) that he will lead a turnaround for the beleaguered company, starting with a successful 2013 launch of its next-generation BlackBerry 10 phones.
Like a preacher on a pulpit, Heins maintained in an address to besieged shareholders that he would convert RIM into a "lean, mean, hunting machine."
"I have assembled a leadership team for RIM that's truly capable of taking us into the future," Heins promised.
BlackBerry fanatics, who helped coin the catch phrase "CrackBerry" to refer to their "addiction" to the iconic mobile phones, are pleading for RIM to make it - but it may be too late.
"If RIM continues to be run as it is, we believe that the company will eventually fail," wrote Nomura analyst Stuart Jeffrey in a June note to clients.
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Five Tech Stocks to Avoid: RIMM, HPQ, YHOO, ORB, GRPN
After a rocky 2011, tech stocks have gotten a nice bounce so far this year.
The Nasdaq 100 index is up about 7% so far, well above the 4.6% rise in the Standard & Poor's 500 index.
Strong earnings last week from Intel Corp. (Nasdaq: INTC), Microsoft Corp. (Nasdaq: MSFT) and International Business Machines Corp. (NYSE: IBM) have drawn still more attention to tech stocks.
But while tech stocks may look tempting right now, knowing which tech stocks to avoid will prevent a lot of pain to your portfolio in 2012.
So here are five tech stocks you should avoid, at least for now.
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