Is RIM, a Canadian national icon, at its breaking point?

Nearly all of my calls on equity, sovereign nations and industries are highly contrarian. At first blush, I get a lot of flack, negative feedback and very little attention save that small coterie of paid subscribers whom I cater to. In the spring/summer of 2010 with RIM trading in the $60s or so, I warned that this company had defintiely seen its heyday. I put out very specific research to subscribers, including downloadable models and extensive reports.

By Rocco Pendola:CNET published the scoop Thursday morning on a potential Research In Motion (RIMM) plan to move ahead with plans to offer a BlackBerry music service:

Ian Bezek submits:The past week's events have certainly been scary for investors in Research In Motion (RIMM).

Market Blog submits: By David Berman When Research In Motion Ltd. (RIMM) issued a profit warning in late April, the share price was crushed and analysts busily cut their target prices and recommendations on the stock. What’s interesting, though, is that the majority of revisions have come from Canadian analysts, while U.S. analysts have more or less held their ground.

Sony is slashing 8,000 jobs, or 4 percent of its global work force, aiming to cut costs by $1.1 billion a year as a global downturn and stronger yen batters profits at the Japanese electronics maker.