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
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.