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I'd say RIMM will not only never have the same market share, I don't think they'll even sell as many handsets, even in a hypergrowth market. They're over, which is not to say they won't sell anything; there will be corporate sales, ever declining, for a while, but they're on a slow (or maybe fast) road to oblivion.

Seriously. Doneski.

I think you are probably right, but then again, the price being $7 now (market cap of $3.6 billion) gives them a good chance of at least delivering some shareholder value one way or another. For instance, they might be able to get $3-4 billion just by selling some intellectual property to Apple or to Google, or to Samsung. If they even have a 10% chance of delivering a good BB10 product and holding on to 5-10% market share, in a growing market, then they would be worth something like the current price. But it is getting harder and harder to argue with your basic conclusion that they are not likely to succeed.

Regards, DTM
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