Arab Today, arab today rim plunges after grim quarterly report
Last Updated : GMT 15:44:46
Arab Today, arab today
Arab Today, arab today

RIM plunges after grim quarterly report

Arab Today, arab today

Arab Today, arab today RIM plunges after grim quarterly report

New York - AFP

Research in Motion shares plunged Friday a day after the BlackBerry maker\'s bleak earnings report and the delay in its new smartphone platform raised fresh fears about its survival. RIM shares tumbled 19 percent to close at $7.39, their lowest level since 2003, and down more than 90 percent from their 2008 highs. Analysts said the news from RIM was deeply disappointing -- not only did the Canadian firm report a widening loss of $518 million, but it also said it would cut 5,000 jobs and delay its important BlackBerry 10 platform until early 2013. The BB10 had been RIM\'s effort -- a last-ditch bid, according to some analysts -- to regain traction after losing ground to Apple and smartphone makers using the Google Android platform. \"RIM\'s prospects appear to be turning from bad to worse,\" said Tal Liani, a research analyst at Bank of America/Merrill Lynch. \"In our view, the risk of total value destruction over the next few years is possible as at this point we cannot see the light at the end of the tunnel.\" Other analysts said the price had fallen so low, that the company might extract some value by selling itself or parts of the company, such as its patents. \"With increased competition and a very low probability the market will support RIM\'s new mobile computing ecosystem, we believe RIM will need to sell the company,\" said Michael Walkley and the investment firm Canaccord Genuity. He said the company could be worth $8 a share based on a \"sum-of-the-parts analysis.\" A survey by the research firm IDC showed smartphones powered by Google\'s Android software accounted for 59 percent of the global market in the first quarter of 2012, with 23 percent for Apple\'s iPhones. That left just 6.4 percent for BlackBerry, compared with 13.6 percent a year ago. In the US market, only around five percent of smartphone buyers opted for BlackBerry in early 2012, according to a Nielsen survey.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rim plunges after grim quarterly report Arab Today, arab today rim plunges after grim quarterly report

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rim plunges after grim quarterly report Arab Today, arab today rim plunges after grim quarterly report

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday