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Just back in March, Research In Motion's (RIMM) shares were over $75 and looking solid. But now the shares are below $48. True, one reason for the fall is the market instability. Yet the fact remains that RIM has also had some missteps and its BlackBerry offerings are coming under pressure from rivals like Apple's (AAPL) iPhone and even Google's (GOOG) mobile Android operating system.
But RIM is fighting back. And it looks like a key to the strategy is to rev up acquisitions. For example, this week RIM agreed to acquire Cellmania (the price tag was not disclosed).
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