New Reply

Post a Reply

Thread: What will Apple’s future be without Steve Jobs?

Title: (100 characters at most)

Content: ( 3,000 characters at most, please )

You can add emoticons below to your post by clicking them.

[quote=BOBERT,448230]Jimmy,
This news article published today might make your decision a bit easier:

Bad news continues to plague the BlackBerry maker.

Research In Motion's stock fell below its book value for the first time in nine years, prompting investors to call for the company to be broken up and its assets sold.

Investors now consider the former market leader to be worth less than the net value of its property, patents and other assets.

RIM fell 2 per cent to US$18.91 at the close in New York, below the book value per share of US$18.92 at the end of last quarter, according to data compiled by Bloomberg. Book value comprises a company's assets including cash, inventories, real estate and intellectual property minus its liabilities.

"The market has no faith in its current model, that is what the market is telling you," said Neeraj Monga, an analyst at Veritas Investment Research in Toronto. Monga, who has a "sell" rating on RIM, says there's a 50 per cent chance the stock will drop below US$10 within 12 months.

RIM, which helped create the smartphone market a decade ago with its first e-mail device, is struggling to compete against Apple and devices that run Google's Android software. Its market-share decline has put pressure on RIM to shake up management and prompted investors such as Jaguar Financialto call for RIM to divide into separate companies, seek a merger or sell itself.

Nokia chief executive officer Stephen Elop told Bloomberg News yesterday that he plans to introduce Windows phones with multiple US carriers in early 2012. RIM had said that it planned to have the first BlackBerrys built on its new BBX platform early next year. However, co-CEO Mike Lazaridis didn't reiterate that goal at a BlackBerry conference last month in San Francisco, and analysts say those new phones may come too late.

Apple and Google are the dominant smartphone platforms and there is only room for one more, said Veritas's Monga. When Nokia was reorganising, RIM had its chance to establish itself as the third. It may have lost the opportunity, he said.

"Eighteen months ago, RIM was fighting but had a fighting chance," he said. "Now, the problems RIM has on its software platform seem to be insurmountable."

[/quote]

characters left

Name:

Get a new code