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) --

Research In Motion


just cannot catch a break.

RIM hit a new five-year low Wednesday as the company announced its delayed new BlackBerry lineup.

The flailing Ontario tech shop introduced three phones -- an updated BlackBerry Torch, the long-awaited touchscreen Bold, and a touchscreen Torch with no keyboard. And the real kicker was the little detail about how the sales launch would begin later this month.

The late arrival punctuates what has been a jarring collapse this year of the formerly beloved BlackBerry maker. RIM missed a

crucial turn in the smartphone market

and management has been seen as

ineffective in its response


The new phones will finally fill in a gaping product void for RIM. But the new BlackBerry 7 operating system can be seen as little more than a placeholder as the company and investors await the next generation of QNX devices that are aimed to compete more directly with leaders like


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Android system.

RIM's situation is very similar to


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. The Finnish phone giant is losing market share and suffering revenue erosion as its current phones fail to hold consumer interest as everyone awaits its new-generation Microsoft Windows Phone 7 devices, which should start to arrive later this year.

The new crop of BlackBerries are headed to


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, with


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apparently and curiously left out of the mix.

Company representatives said the phones are still "going through certification with Verizon."

RIM shares fell briefly Wednesday to $24.10, a five-year low, but the shares subsequently bounced up 2% later in the pre-market session.

--Written by Scott Moritz in New York.To contact this writer, click here: Scott Moritz, or email: Scott on Twitter at MoritzDispatch