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Monday, December 1, 2008

RIM Shares drop last week!

Research in Motion (NASDAQ: RIMM) was last week’s loss leader down 5.2 percent. While MySpace and RIM shattered download records with 400,000 downloads of Blackberry smart phone applications, little could be down to settle analysts concerns regarding OS problems on the new Blackberry Storm.

Nortel (NYSE: NT) saw the week’s biggest gain of 35.7 percent, but also the months biggest loss at 1.3 percent. The stock is trading well below a dollar and is still listed as a hold by many analysts.

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