Feeds

Barclays knocks RIM shares down a peg

BlackBerry crumbles in the eyes of investors

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.