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Analysts hoped RIM would launch the platform in January; still no OFFICIAL word, yet

It sounds like it could be more bad news for a familiar struggling player in the smartphone industry -- but take this one with a grain of salt.

Jefferies analyst Peter Misek is back to his old ways, spreading a tale of gloom and doom regarding Research in Motion, Ltd. (TSE:RIM).  

Regarding RIM's ambiguous "Q1 2013" launch of its upcoming BlackBerry 10 (BB10) smartphone operating system and new device lineup, he warns, "We had hoped for a January launch but now see a March launch as more likely.  Also, our checks point to a tough November quarter, with replenishment rates decreasing as channel partners are cautious on holding RIM inventory. We think the business uncertainty means parties are unlikely to acquire or license from RIM until BB10 launches."

He adds, "We still believe a third ecosystem [in addition to iOS and Android] will emerge, but the probability of BB10 filling the role is wholly dependent on whether RIM can convince Samsung, Huawei, and ZTE to license.  Baidu, Huawei, and others are pursuing their own operating systems. We also see Win 8 as somewhat of a threat but conflicting reviews, less-than-stellar developer feedback, and a desire by Microsoft to make hardware directly make Win 8."

So far if RIM has a licensing plan up its sleeve, it hasn't announced it yet.  Thus far all of the RIM's announced BB10 devices have been first-party designs, the company's traditional bread and butter.

RIMdenberg
An analyst claims the RIMdenberg won't be delivering BB10 devices as early as anticipated. 
[Image Source: Jason Mick/DailyTech LLC]

Of course Mr. Misek had previously told All Things Digital, "It’s going to be terrible with a scoop of worse for August."

Instead RIM handily beat Mr. Misek's financial prediction.  The fiscal surprise came thanks to strong cost cutting, and was in spite of the fact that RIM largely met Mr. Misek's gloomy prediction on the unit sales front.

The facts are simple -- RIM has delayed BB10 by over a year so far.  And its volumes lay decimated at a fraction of their former glory.

However, it's worth taking Mr. Misek and other analysts' "inside" information with a bit of skepticism, until the same news comes straight from horse's mouth (which it oft does).  After all, those same aforementioned dire metrics have certain parties greedily eyeing a fire sale purchase of the embattled phonemaker, and every bit of extra bad news -- true or not -- likely sweetens the price.

Source: Forbes



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Never believe an "analyst"
By dark matter on 10/9/2012 4:41:05 PM , Rating: 3
They have their own interests at heart, not yours, or even the company they are such an expert in.

In fact, never believe an analyst at all.

Wankers, the lot of them.




RE: Never believe an "analyst"
By Ringold on 10/10/2012 5:15:12 PM , Rating: 2
Don't need a PhD to look at their financials and see a dead man walking: http://finance.yahoo.com/q/ks?s=RIMM+Key+Statistic...

I think you and tayb bought RIMM stock and are just hoping it doesn't go to zero. Look on the bright side! I hear its worth at least 2 or $3 a share in patents and assets. So you might lose 99% from that stock purchase a couple years ago, but not 100%! ;)


"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone














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