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Smart Move for RIM Believers

Posted by Carl E. Reid Friday, March 10, 2006

Usually iTECHSpeak moves on to new technology angles. As a prologue to Blackberry maker Research in Motion's recent victory, it's worth mentioning 20-20 hindsight gained by the unbelievers. An article by Mathew Ingram, "RIM gets reprieve - now free to fight", points out how the scared unbelievers were in a selling frenzy of shedding RIM stock.

Bravo to the believers who staid the course. RIM cut it's losses by settling with NTP. This produced an 18% increase in RIM's value. This is not just due to the outcome of the settlement. The leadership of James Balsillie, Mike Lazaridis and their entire executive team exemplifies compassionate capitalism, where RIM subscriber concerns were placed at the forefront, during the entire process up to the settlement.

Rock on Blackberry. Woo hoo!!

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