Could the leaked sales information of RIM devices by a former AT&T employee, caused the premature fall of Research In Motion's stock prices? Alnoor Ebrahim, the former AT&T employee plead guilty to insider trading today in U.S. District Court. This caused investors to purchase and sell stock with the illegal information.
"I provided insider information concerning AT&T's sales of Apple's iPhone and RIM's (Research In Motion Ltd (RIM.TO)) Blackberry products, as well as other handset set devices sold through AT&T distribution channels,"
This illegal information passed on to traders could have led to the dive in Research In Motion's stock price. What do you think? Let us know in the forums or leave us a comment.