John Paczkowski

Recent Posts by John Paczkowski

RIM’s Freefall: Stock Drops to Eight-Year Low

Research In Motion’s unrelenting downward spiral took the company’s shares to a new 52-week low this week.

On Tuesday, the company’s stock price closed at $11.09 — a price it has not seen since December of 2003. Another ugly decline for RIM, which has shed more than three-quarters of its value in the past year alone.

Evidently, the brief run-up in RIM’s stock price prior to the unveiling of the company’s long-awaited BlackBerry 10 operating system at BlackBerry World earlier this month has proved untenable. And the prospect of watching the first BB10 phones go head to head with the next iteration of Apple’s iPhone this fall has sent investors fleeing into the woods.

RIMM Chart

RIMM data by YCharts

As I write this, RIM’s market cap is hovering at just about $6 billion. Hard to believe that just five years ago that number was about $80 billion, and RIM was the most valuable company in Canada by stock market value.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”