Ever since Research In Motion warned about its quarterly results a month ago, investors have wanted to find out what the BlackBerry maker is doing to save its current quarter as it struggles to roll out competitive new products.
RIM promises impressive devices to challenge Apple’s slick iPhone and gadgets based on Google’s Android software. Cellular versions of its PlayBook tablet are imminent, RIM says, and the iPad contender will soon be sold worldwide after a lumpy April launch in North America.
But without a launch date for a more powerful touchscreen version of its business workhorse, the Bold smartphone, and with Torch and Storm upgrades still just rumors, investors are growing more and more nervous.
“We believe RIM has now squandered nearly every opportunity and competitive advantage it enjoyed through ineffective R&D resource management, delayed product launches and misreads of the competitive environment,” Morgan Stanley analyst Ehud Gelblum wrote in a note to clients… Read More [via reuters]