RIM stock falls eight percent following CEO transition

We rarely meddle with stock news around these parts, but this was a pretty significant piece of meat to chew on. After Research in Motion introduced Thorsten Heins as the new CEO last night and again in a conference call this morning, the company's stock price tumbled a whopping 8.47 percent. When it comes to what kind of difference the transition will make for the struggling company, we haven't had a high amount of confidence; while we hope for the best and want to see RIM turn things around, the falling stock appears to indicate that we're not alone in expressing concerns about this morning's events. Here's some food for thought: when rumors that Samsung was interested in purchasing RIM flooded the internet, the latter company's stocks spiked by nearly ten percent.

RIM stock falls eight percent following CEO transition originally appeared on Engadget on Mon, 23 Jan 2012 18:07:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/23/rim-stock-falls-ceo-transition/

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