RIM Downgraded From "Can't Get Worse" to "Worse"

Bueh!, y muchos en RD aun apuestan a Blackberry… Remember a few weeks back when Bernstein & Co.'s Pierre Ferragu said things couldn't get any worse for Research In Motion? He's changed his mind. Evidently the ugly financials the company reported last week and the obliviousness of its leadership inspired him to reassess that call. "We cautiously upgraded RIM to market perform 4 weeks ago, strongly convinced that a scenario driving $4 of annual earnings wasn't likely in the next 12-18 months," Ferragu said today. "We visibly got it wrong as it actually materialised in 3 months." RIM may be having trouble getting its new BlackBerry 7 handsets to market on time, but its decline is running well ahead of schedule. In North America, for example, RIM's market share has gone from 54 percent in the first quarter of 2009 to about 11 percent this quarter.

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