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.
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