What to Make of RIM Having $1 Billion of Unsold BlackBerrys & Hiring Bankers for ‘Strategic Options’
Research In Motion issued a press release regarding the news that the company was sitting on $1 Billion worth of unsold BlackBerry smartphones and PlayBooks. RIM’s CEO, Thorsten Heins, said, “The on-going competitive environment is impacting our business in the form of lower volumes and highly competitive pricing dynamics in the marketplace, and we expect our Q1 results to reflect this... »
