While RIM, company best known for blackberry, was recently severely punished by market participant for announcing a profit decline estimate, it is now gearing up for new venture. It announced recently it will deploy new tablet, Playbook, at automobile. More, yesterday RIM announced it will push Playbook into India market.
While the company was dimmed by Apple's iPad, Blackberry is still welcomed among executives for it's highly encrypted message system. It seems like investors overreact to recent adverse earnings.
Everyone has a niche, RIM too.
Disclosure: this is not a recommendation for stock purchase. Nor does it recommend participation in equity market.
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