At 11:06 I sold my remaining shares of RIMM at $71 per share. I am concerned that intense competition from AAPL, MSFT, GOOG who are all better capitalized companies. Rimm will need to improve the BlackBerry device to compete with Google’s Droid and Apple’s i-Phone and now MSFT’s KIN.
Will RIMM’s new OS due out next quarter save the stock? I’m not going to hold any RIMM all summer to find out next September if their new OS is a stud or a dud.