The Stock Story of the Coming Week: RIM Revisionism
By Marek Fuchs:Late last week, traders were lost in the semi-coherent thought that Research in Motion (RIMM) would outrun its business demons. They took management gestures as articles of faith, deployed selective analysis and magical thought in hoping for a Hail Mary takeover and chased the stock markedly higher. A major story of this week will be traders returning to the field of reason on RIM, taking it back down.The bitter facts on RIM could fill volumes. The technology industry moves fast and RIM's management, notoriously overconfident, drove it into a ditch. Apple (AAPL) and Google (GOOG) helped it along and weren't quite there with a tow chain. RIM's new management is either new and wholly unproven (see: Chief Executive Officer Thorsten Heins) or fired, leaving gaping holes where the steady hands of top officials should be. In other words, RIM has a long way to go just in terms ofComplete Story »
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