Research in Motion (Nasdaq:RIMM) is going into the last day of the stock-trading year with its stock trading at 24.3 percent of the value it had on Jan. 3.
RIM opened the year at $58.94. Thursday, it closed at $14.34.
Taking the a long view is not comforting, either. “Counting back to all-time highs set in 2008, RIM is about one-tenth the market presence it once was,” investor Anders Bylund noted in a piece published Thursday on the Motley Fool investors’ website and titled “Will RIM Live to See 2013?”
The company has seen problems galore in 2011, with its Playbook tablet getting little traction and media reports that its newest model will not be appearing soon.
There have been calls for governance reforms, and a board of directors committee is due to report at the end of January on a review of the structure and to make recommendations for the future. Co-Chairmen Jim Balsillie and Mike Lazaridis have been the focus of much of the criticism.
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