RIM's stock has been sinking as the company seems to be way behind the curve compared to Apple and Google. The company recently announced a new lineup of BlackBerry 7 phones but it wasn't enough to change analyst's sentiments. We've even heard rumors of QNX phones being released in Q1, but it's going to take more than that to satisfy the street.
Check out the following clip from an International Business Times article. These analysts have some very harsh views on RIM.
RIM has a lot of work to do if they want to stay relevant, and let's hope they get it done. RIM seems to be headed down the same path that Palm recently went down. Once a dominant player in the PDA space, Palm withered down to almost nothing (in terms of big business) and was scooped up by HP. Let's hope RIM can pull a rabbit out of a hat and create an incredible device!
Check out the following clip from an International Business Times article. These analysts have some very harsh views on RIM.
Analysts have seemingly lost all faith in the company. Even after RIM announced a set of new "superphones" that will run on the company's BlackBerry 7 operating system, the company's stock still slid. Eric Jackson, manager of Ironfire Capital, put it best when describing the tech industry's overall thoughts on RIM.
"It's a bad software company. They're not going to change their stripes over night," Jackson said to Business Insider. He added, the company has "Bad cofounders, and they're going to drive this company straight into the ground."
Jackson even said he thought the company will be put out of its misery in 2013 and get bought out. In a note, Jefferies & Co analyst Peter Misek expressed a similar sentiment.
"RIM management has referred to their QNX phones as "superphones," but we find these specs uncompelling," Misek wrote. "We see this as nothing more than ditching features, functionality and performance in an attempt to adhere to a Q1 launch commitment to carriers and partners."
"It's a bad software company. They're not going to change their stripes over night," Jackson said to Business Insider. He added, the company has "Bad cofounders, and they're going to drive this company straight into the ground."
Jackson even said he thought the company will be put out of its misery in 2013 and get bought out. In a note, Jefferies & Co analyst Peter Misek expressed a similar sentiment.
"RIM management has referred to their QNX phones as "superphones," but we find these specs uncompelling," Misek wrote. "We see this as nothing more than ditching features, functionality and performance in an attempt to adhere to a Q1 launch commitment to carriers and partners."
RIM has a lot of work to do if they want to stay relevant, and let's hope they get it done. RIM seems to be headed down the same path that Palm recently went down. Once a dominant player in the PDA space, Palm withered down to almost nothing (in terms of big business) and was scooped up by HP. Let's hope RIM can pull a rabbit out of a hat and create an incredible device!
