RIM Lower As Its Last Stronghold May Soon Fade
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Shares of RIM (Nasdaq: RIMM) are seeing pressure in pre-open trading on reports from Bloomberg that JPMorgan Chase (NYSE: JPM) could soon let its employees use iPhones and Android-based phones for corporate e-mail.
UBS is considering a similar move.
Shares of RIMM last traded at $44.25, down 1.7 percent from yesterday's close.
Enterprise has long been RIM's stronghold. If iPhones and Androids starts making inroads there, it could spell trouble for the company.
UBS is considering a similar move.
Shares of RIMM last traded at $44.25, down 1.7 percent from yesterday's close.
Enterprise has long been RIM's stronghold. If iPhones and Androids starts making inroads there, it could spell trouble for the company.
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