RIM Updates Bold, Stock Drops
The announcement came Monday, during the opening of RIM's BlackBerry World developers' conference in Orlando. The new Bold is the first BlackBerry to combine a physical keypad with a small, 2.8-inch touchscreen on the front of the phone.
|RIM BlackBerry Bold 9900|
RIM also introduced the BlackBerry 7.0 operating system, a name change for what was expected to be BlackBerry 6.1. The phone has a 1.2-megahertz processor, 8-gigabytes of memory and a 5-megapixel camera.
Investors didn't exactly applaud the new phone since it represents what's expected to be the end of the line for the BlackBerry operating system and the keypad-oriented design. Next year, RIM is expected to launch its QNX software on a new generation of tablets and phones.RIM's warning of an earnings shortfall last week made the wait for a product turnaround all the more painful. RIM shares, which have fallen 15% in the past two trading days as product delays and market share losses mount, were down about 1% to $48.15 Monday. --Written by Scott Moritz in New York.
>To contact this writer, email: email@example.com To follow Scott on Twitter, go to:
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV