Feeds

Barclays knocks RIM shares down a peg

BlackBerry crumbles in the eyes of investors

Reducing security risks from open source software

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. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.