Ronnie05's Blog

Snippets: Blackberry’s share prices fall below its book value

Posted in Mobile Devices and Company Updates by Manas Ganguly on November 3, 2011

RIM has eroded 80% of its m-cap in the last 3 years and its product line has wilted under relentless attacks from Apple and Android.

Research In Motion Ltd. has declined below book value for the first time in nine years leaving the BlackBerry maker worth less than the net value of its property, patents and other assets in a sign of investors’ lowered faith.This follows Blackberry’s losses in the U.S. smartphone market share. Blackberry Market share sank to 9.2 percent in Q3, 2011 from 24 percent a year earlier as consumers opted for Apple’s iPhone and Android phones from Samsung Electronics Co. and HTC, according to research firm Canalys.

This leaves Blackberry with a $9.82 bn market cap and a prime subject for acquistion if so be be desired.

Read Earlier Posts
Past Perfect, Present Tense, Future Unsure (Part III, Part II, Part I)
5 Reasons for the Blackberry Slide

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