Back to mobile site

RIM (RIMM) Debuts BB10; Analysts Mixed, Keyboard is Kept

May 2, 2012 1:26 PM EDT
Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 11 | New: 27
Join SI Premium – FREE
Research In Motion (Nasdaq: RIMM) shares are trading markedly lower Wednesday afternoon as its BlackBerry World 2012 is ongoing.

RIM unveiled its Great White Hope of operating systems on Tuesday: BlackBerry 10 (BB10). Analysts were mixed on the debut:
  • Sterne Agee stated it wasn't sure BB10 "will be enough to slow down strong iPhone and Android momentum." For more from Sterne Agee, click here.

  • Wells Fargo liked BB10's Mobile Fusion road map. The firm commented: "Mobile Fusion is currently only offered inside the corporate firewall but within the next year RIMM expects to offer hosted and cloud options. RIMM is also working to enhance its third-party device capabilities and expects to offer BES level network connectivity and security for third-party devices, like iPhones and Androids. The last step in the road map, for which no timeline was given, is the ability to segregate and secure corporate data on third-party employee owned devices."
Also, amid concerns, CEO Thorsten Heins said RIM is not going to abandon RIM's signature keyboard, which is one of the primary reasons folks stick with the Waterloo, ON-based company.

Shares are about 5 percent lower Wednesday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Corporate News

Related Entities

Sterne Agee, Wells Fargo