This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RIM Updates Bold, Stock Drops

NEW YORK ( TheStreet) -- Research In Motion (RIMM) unveiled a new BlackBerry Bold, with a touchscreen, that will go on sale this summer.

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:

To follow Scott on Twitter, go to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs