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RIM Stops Stock Trading Hires JP Morgan

Things continue to get ugly for RIM as their CEO Thurston Heins as announced that they will likely post a 1st quarter operating loss. As a result RIM has halted Stock Trading to keep after hours trading from getting out of control. The 1st quarter loss of 2012 is after RIM posted a 125 million dollar loss on $4.2 billion in revenue in the 4th quarter of 2011. RIM has also confirmed that they have hired JP Morgan and RBC Capital Markets to do a strategic review.  RIM still claims a subscriber base of 78 million and plans to release BlackBerry 10 by the end of this year. Can RIM form some kind of comeback? We’ll see won’t we?