Pacific Crest Securities advices RIM shareholders to sell their stock while they still can.
According to one analyst, RIM's BlackBerry 10 operating system may be "dead on arrival" when it launches in 2013.
Pacific Crest Securities' James Faucette stressed to investors that the delayed mobile platform is unlikely to experience any buzz when it does release, leading to its eventual failure.
"We believe BB10 is likely to be DOA," he wrote, noting that RIM shareholders should sell their shares while they can. "We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail."
RIM, who has seen its smartphone market share decrease every quarter since Android and the iPhone took the market by storm, recently confirmed that the financially troubled firm is targeting a Q1 2013 release for its BlackBerry 10 devices. Over 50 carries are testing the upcoming smartphone lineup.
Since Faucette's note to investors, RIM shares experienced its biggest decrease since June by dropping 9.1 percent to $8.24.
Apple is starting to be how BlackBerry was a few years ago
Apple is starting to be how BlackBerry was a few years ago
These douche bags would say or do anything to make a few bucks..:/
There's a reason 50 carriers were interested enough to test the new lineup. I very much doubt that they would if their boards weren't behind the decision. Can't news sites like Tom's simply ignore these things, instead of contributing to the nonsense?
Exactly what will happen to Apple. Folks from Apple should take a bite of the BLACKBERRY FRUIT.
I think they've been eating too much APPLE on a different GALAXY.
In spite of all these negative analysis, layoffs and restructiring, RIM is still working on improving its products. The "laughable" Playbook still has competitive hardware after two years, and has gained updates and a bunch of good applications plus the ability to run many Android apps. I doubt that Microsoft will let Skype run on it though, as they want the Playbook to fail and let more market space for the Surface. Ahh being the big one.
Nok: Dying hard
AAPL: Stagnant at best
MSFT: Who are we joking?
Motorola: Sold
Seem like death is the only surety
however, rim does really need to focus on capturing a way of allowing iphones and andriod and win8 phones to be run securely on a BB system, this will make corp. happy.
I am looking forward t BB10 just because I never liked mass selling hardware, like iPhone/Android clones. I prefer stuff that is a bit flawed and to make it work the way I want, i.e. HP touchpad, stuff that has the "soul".