Things are looking bleak for Research In Motion, makers of the Blackberry.

The company released some bad news yesterday – after the US stock market closed.

Here’s the summary:

• RIM has hired JP Morgan  and RBC to “explore options.”

• It sees an operating loss in Q1.

• It will be cutting jobs all year long.

• There is high churn in the US.

In May RIM’s stock hit a 52-week low. It’s worth less than $6 billion now.

In fact, the last time the stock was trading where it is now –  $11 – was in December 2003.

Take a look at this chart detailing RIM’s stock price. Things are looking bad.

 

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