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Motion's (RIMM) stock price recently had a surge from $12.8 to
as high as $14.40, partly due to its new QNX based operating
system BlackBerry 10, or BB10. The stock has attracted an army
of investors keen on RIM's low valuation -- it appears cheap.
However, as I argue in this article, nothing is improving at
RIM. If anything, the stubborn decision to release BB10 is
likely the last nail on RIM's bankruptcy coffin.  RIM currently
has three options:  1) To start manufacturing Android-based
smartphones. This market is very crowded already. Samsung is the
leader, and there is Motorola (MMI), which I believe will soon
be split off or sold by Google (GOOG). There are also a large
number of smaller or big but lesser-known manufacturers (such as
China's ZTE (OTCPK:ZTCOY) and Huawei). To be able to even
compete (not leading) in this market, RIM has to significantly
improve its hardware design capacity -- its current products are
way too outdated. Even wit