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Analysts gave a cool response to RIM's (RIMM +3%) Jan. 30 BlackBerry 10 launch event...

  • Monday, November 12, 2012, 5:12 PM ET
    Analysts gave a cool response to RIM's (RIMM +3%) Jan. 30 BlackBerry 10 launch event announcement. With RIM only saying it will provide details about the availability of the first BB10 smartphones at the event, Raymond James thinks (like Jefferies) the phones won't arrive until March. Evercore is worried RIM's "existing phone sales could fall of even more" as customers await BB10 devices. Reviewing BB10's features, SA's J.M. Manness is only impressed by BlackBerry Balance, which splits up a phone into work and personal halves.
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This news story has 8 comments:

  •  
    RIMM only up 3.6% on news that more news would soon be released, and it comes on a day that many are observing as a holiday. Most informed followers of the product, not the stock have been expecting a March launch anyway. That's a decent response on a day with low activity in my opinion. Remember RIMM has other markets other than just the US.
    12 Nov 2012, 06:04 PM Reply Like
  •  
    So many of us waiting for BB10....exciting!!!
    12 Nov 2012, 06:10 PM Reply Like
  •  
    We need 40,000 bb10 in our organization.
    21 Nov 2012, 06:01 AM Reply Like
  •  
    It seems to me these weekly RIM releases are likely a corporate strategy to keep RIM stock afloat until they can actually release a product. If so, it seems to be working... no matter how fluffy the releases are, they are usually followed by a few days of buoyed sales, followed by an inevitable decline.

    For once I agree with the analysts. I may buy some RIM as it approaches it's true value, say $7 or less.
    13 Nov 2012, 12:32 AM Reply Like
  •  
    LOL....there are 95 million shares shorted.....and the shorts are all being squeezed.
    If you had a chance to try the bb10, you would say that this stock is a 20 bagger. That's right. $180.00 per share.
    21 Nov 2012, 06:01 AM Reply Like
  •  
    When is a "launch" not a "launch"? When it's a "launch event" it would seem. I took it to mean they will be available from Jan 30, and discovering it's not so has left a bad taste in my mouth; if this response is widespread, they'll do themselves no favours by messing around with English in this fashion!

    Could they be trying to disguise yet another delay?
    13 Nov 2012, 09:56 AM Reply Like
  •  
    Wrong

    http://b.globe.com/SJZ9xw
    13 Nov 2012, 12:21 PM Reply Like
  •  
    OK, so it's early February then? It's earlier than most people expected it, assuming this paper have got it right...
    13 Nov 2012, 12:51 PM Reply Like
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