Professor Elam

Monday June 20, 2011

Here is another article about the rise and fall of Research in Motion.

As the article says, they come and go quickly in telecom. Here is a quote which also demonstrates something else.

"We've seen this movie before (Motorola, Nokia, Sony-Ericsson, LG, Palm) the history of wireless is littered with OEMs that had significant product/cycle share gains, but then missed structural market shifts," writes Citigroup analyst Jim Suva, who cut the stock to sell from hold today. "

Now after it is down from 150 to 27 he cuts it to sell?  As usual analysts opinions are of little value to value investors.