RIM stock value drops 68% for record lows

BlackBerry, Mobile phones, Tech Digest news

BlackBerry makers RIM have seen their stock value drop 68% over the course of the year, leading to record lows for the company’s net value.

Stock prices have fell under “book value”, with investors now believing the company is worth less than its portfolio of patents and assets.

It’s the latest in a string of woes for RIM, after their debut tablet the Playbook was met with a universal “meh” response, their BlackBerry messaging service was linked to August’s London Riots and the company suffered a massive global network outage.

So what next for RIM?

Shareholders have been quick to suggest a buy-out as a viable option for the flailing mobile giants, while the company’s dual-CEO set up has also been marked as a problematic structure.

Gerald Lynch
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