Saturday, July 30, 2011

RealD stock drops as people realize 3D movies are just expensive and little else.

"The business world is finally realizing that 3-D may not be the revolution that Hollywood’s snake oil salesmen promised it would be. Yesterday, shares in 3-D technology licensor provider RealD sank nearly 16% to $15.48. It’s significant because this is the first time the stock is trading below its 2010 IPO price of $16 a share. The stock was trading at over $35 just two months ago."

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