“Research In Motion Ltd. fell the most since June after Pacific Crest Securities said the company’s new BlackBerry 10 operating system, the linchpin of its comeback plan, may be dead on arrival,” Hugo Miller reports for Bloomberg.
“‘We believe BB10 is likely to be DOA,’ James Faucette, a Pacific Crest analyst in Portland, Oregon, said in a report,” Miller reports. “He has the equivalent of a sell rating on the shares. ‘We expect the new OS to be met with a lukewarm response at best and ultimately likely to fail.'”
Miller reports, “Phones with the software, due in the first quarter of 2013, will struggle to attract buyers because of an unfamiliar user interface, a lack of compatible technology and few software applications, he said. Any opportunity for a sale of all or part of the company may have passed, he said.”
Read more in the full article here.
MacDailyNews Take: DOA for DCW.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]
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Those still using BlackBerry phones ‘ashamed’ – October 16, 2012
Why beleaguered RIM won’t be bought: Not much value in a dying platform – June 26, 2012