Business

No matter which way you slice it, RIM is still toast

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

Shares of BlackBerry-maker RIM have skyrocketed. Don’t let that fool you, though — RIM isn’t making a comeback.

Shares of Research In Motion, the makers of the BlackBerry, are, by some Thanksgiving miracle, up by a whopping 26 percent this week. Yes, you read that right.

On Monday, shares of RIM were trading on the Nasdaq at $8.69 apiece. Now they’re trading at $11.76 per share with no signs of stopping.

Wait, we’re talking about RIM, right? The same company that continues to bleed customers and cash like a bad Kung Fu movie? The same company whose outdated BlackBerrys are being tossed aside in favor of iPhones and Androids? And the same company whose savior product — the BlackBerry 10 — has been delayed?

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