RIM prospects dire after launch delay: analysts
Saturday, July 7, 2012 3:54 AM
Posted by gamefbi
(Reuters) - Research In Motion Ltd could run out of cash and ultimately fail, even with the launch of its now-delayed BlackBerry 10 device early next year, Wall Street analysts said. At least 10 brokerages cut their price targets on the stock, some by as much as 50 percent, a day after the company reported worse-than expected quarterly results and said it would delay the launch of its next-generation device to early 2013 from late this year. RIM shares were down 16 percent in pre-market trading on the Nasdaq. ...
This entry was posted on 3:54 AM, and is filed under
After,
analysts,
Compression (Zip,
delay,
launch,
prospects
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