That sad thing about Research in Motion is that it’s hampered by not one but two incompetent CEOs. The sadder thing is that the company can’t even fire them at this stage. There’s no succession plan, no one to take over. A lot of the top talent has left.
That leaves investors stuck with these two dolts until they get the new BB 10 phones out, should that ever happen. The latest delay pegs the release late next year. It’s amazing that no analyst or journalist bothers to ask the most important question: why such delays? Obviously there are serious problems with QNX.
Anyway, if RIM doesn’t blow consumers away with the new lineup it’s game over. And until then it will be nothing but relentlessly bad news. The stock is a short. I am short. It’s going to single digits in my view. At, say, $7, it’s either a screaming buy on the grounds of a turnaround and a sale to someone, likely Microsoft, or it’s a terminal short because the new phones will have failed.