RIM Shares Rebound
October 13, 2011 by staff
RIM Shares Rebound, Jeffrey Fidacaro Susquehanna Financial Group this morning, offers his views on service cuts research (RIMM) BlackBerry Motion, which began Monday and have occurred on several continents.
RIM shares have recovered from an early sell-off in which the news and now are up 16 cents, or 0.6%, and 24.57.
“Our view is that the longer this issue remains in the headlines and users no longer have the service, it is evident that an increased risk of building goodwill and increasing the rate of cancellation to other platforms such as iPhone and Android, “writes Fidacaro, which maintains a” negative “for the shares of RIMM.
Fidacaro mentions in passing that it is possible that there might be some connection with the introduction of next week an update to RIM’s operating system “QNX” running the company “Playbook” Tablet PC, but can not say whether or not is actually the case. RIM has announced it will offer a major upgrade to the playbook together with its developer conference starting October 18.
Fidacaro believes the QNX update is “critical” for RIM, as they show the “feasibility of launching their QNX-based smartphones,” expects that next year, and because “we see a potential buyer RIM until you can demonstrate that it can engineer the court to the QNX platform internally, as this would be an obstacle after integration technology is enormous. ”
A similar view was expressed this morning by Jefferies & Co. ‘s Peter Misek.
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