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A comment on RIM announces US$100M investment to grow BlackBerry developer community. Parent comment

Re:RIM announces US$100M investment to grow BlackBerry devel... by daeken on Tuesday July 10, 2012 @10:01AM (#4223790)
> Honestly, I don't think RIM will still exist this time next year.

RIM is going to hell in a handbasket, but they'll be around for another 5-10 years. Why? Their market cap is still $4B, their cash on hand is $1.5B (no debt). They may be hemorrhaging users and losing developer mindshare, but they have a lot of money and a lot of time left to make dumb mistakes in hopes of one of them working out. C.f. Yahoo.

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Re:RIM announces US$100M investment to grow BlackBerry devel... by huxley on Tuesday July 10, 2012 @11:25AM (#4224222)
In June 2008, their market cap was $83B. In June 2011, it dropped to $13.6B. Today they are down to $4B.

As for cash on hand, they were sitting on twice that amount last year.

The decline is extremely significant and it does no one any good to pretend that they could ride this out for 5-10 years.

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Re:RIM announces US$100M investment to grow BlackBerry devel... by Samuel_Michon on Tuesday July 10, 2012 @01:14PM (#4224913)
RIM Customers Working On Contingency Plans

http://www.bloomberg.com/news/2012-07-09/rim-s-customers-wor...

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