Blackberry Value Sinks to 9 Year Low

Research In Motion’s (NASDAQ:RIMM) stock fell below its book value for the first time in nine years. Investors consider the BlackBerry maker to be worth less than the net value of its property, patents and other assets. RIM fell 3.3 percent to $18.66.

Nokia (NYSE:NOK), which has also been losing smartphone market share, traded briefly below book value in August and now trades at about 1.4 times that level. Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) are the dominant smartphone platforms. Unfortunately, there is really only room for one more. When Nokia (NYSE:NOK) was reorganizing, RIM had its chance to establish itself as the third smartphone platform. It may have lost the opportunity, said Neeraj Monga, an analyst at Veritas Investment Research Corp.

Check Out: Research in Motion Continues to Self-Destruct in Slow Motion.

“Eighteen months ago, RIM (NASDAQ:RIMM) was fighting but had a fighting chance,” he said. “Now, the problems RIM has on its software platform seem to be insurmountable,” according to Bloomberg.

  • Research In Motion Limited (NASDAQ:RIMM): The shares recently traded at $18.79, down $0.51, or 2.64%. Its market capitalization is $9.78 billion. They have traded in a 52-week range of $18.55 to $70.54. Volume today was 25,304,053 shares versus a 3-month average volume of 25,039,400 shares. The company’s trailing P/E is 3.43, while trailing earnings are $5.48 per share. About the company: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications. Get the most recent company news and stock data here >>
  • Nokia Corporation (NYSE:NOK): The shares recently traded at $6.48, up $0.17, or 2.69%. Its market capitalization is $24.04 billion. They have traded in a 52-week range of $4.82 to $11.75. Volume today was 21,224,238 shares versus a 3-month average volume of 33,397,400 shares. The company’s trailing P/E is 26.02, while trailing earnings are $0.25 per share. The company pays a dividend of $0.48 per share for a dividend yield of 7.20%. About the company: Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): The shares recently traded at $396.95, up $0.44, or 0.11%. Its market capitalization is $368.88 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 8,303,289 shares versus a 3-month average volume of 22,615,100 shares. The company’s trailing P/E is 14.34, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $583.19, up $4.54, or 0.78%. Its market capitalization is $188.89 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,445,824 shares versus a 3-month average volume of 3,723,420 shares. The company’s trailing P/E is 19.88, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>

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