For the moment, at least, battered BlackBerry maker Research In Motion Ltd. can claim bragging rights over the world’s biggest technology company. That’s because shares in Waterloo-based RIM have actually outperformed those of newly vulnerable Apple Inc. in recent trading, with RIM posting gains after it received a rare vote of confidence in the form of a new investment stake last week.
Apple stock, meanwhile, is being dragged down by rumors of a production slowdown.
Apple closed at $379.26 (U.S.) Monday, a decline of $5.36 that brings its slide from Nov. 7 to just over 5 per cent — with the stock managing to lag the technology-weighted Nasdaq last week in a volatile trading period.
Over the same timeframe, RIM stock slipped 3.2 per cent, closing 20 cents lower in Toronto Monday at $18.29 (Canadian).
Find out more at http://www.thestar.com/business/article/1086851--rim-shares-briefly-outperform-apple
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