Feeds

Barclays knocks RIM shares down a peg

BlackBerry crumbles in the eyes of investors

Internet Security Threat Report 2014

The shine has been taken off BlackBerry-maker RIM's shares after the firm's stock was downgraded by Barclays. The reassessment of the Canadian biz comes after a string of problems that more than halved its stock price in the last six months.

The bank lowered the level of RIM's attractiveness to investors by one notch to equal weight, saying it expects to see Research in Motion continue to lose market share in the US and internationally.

"While near-term BB7 demand looks healthy, an uneven BBX/QNX migration including delays in Playbook 2.0 and likely push-out of BBX smartphones to mid-2012 is likely to prevent RIM from shaking its low multiple," Barclays said in a note to clients, according to Reuters.

In other words, the smartphone and tablet firm is in trouble mainly because its promised PlayBook update still hasn't gone out. The tablet shipped without a native email client, a situation the company promised to rectify soon, but now won't be sorting out until February next year. Even then, the update won't include BlackBerry Messenger (BBM), the most popular aspect of any BlackBerry package.

The recent massive outage in Europe, the Middle East and Africa, which kept users off the internet, email and BBM for three days, has also had its part to play in sinking the Canadian firm's stocks.

Shares were trading just under $19 at 3pm GMT (7am Pacific) today, down from nearly $46 at the start of May. ®

Beginner's guide to SSL certificates

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.