Wall Street Analyst: Should RIMM Restructure?

Research in Motion (NASDAQ:RIMM) shares are still moving down after naming a new chief executive officer. Why? Jeffries & Co.’s Peter Misek believes, “a significant restructuring is necessary as the company will not be able to compete head on with Apple (NASDAQ:AAPL) and Android (NASDAQ:GOOG).”

Misek feels several changes could benefit the company and suggests making BlackBerry Message a universal messaging application to work across all devices; working with Android and others to integrate BlackBerry Enterprise Server; and licensing BlackBerry’s operating system to other phone makers. Misek feels these things would create higher margins and result in higher profits. New RIMM CEO Heins as said he is focused on the current strategy for RIMM.

Here’s how Research in Motion shares are trading now:

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $14.82, down $0.74, or 4.76%. They have traded in a 52-week range of $12.45 to $70.54. Volume today was 14,533,011 shares versus a 3-month average volume of 23,616,400 shares. The company’s trailing P/E is 3.49, while trailing earnings are $4.25 per share.