I don’t mean to pour salt in their wounds but Research in Motion is down around 7% in trading mid-afternoon following Goldman Sachs cutting its recommendation from Hold to Sell. According to MarketWatch, Goldman justified the downgrade because the smartphone market has shifted from email-centric devices to app-centric devices and RIM significantly lags Apple and Android in app development.
On RIM’s quarterly analyst call CEO Jim Balsillie said, “If you saw the roadmap you’d be blown away.” I suggest that they start showing us the roadmap if they want to retain customers and investors.
[via MarketWatch]
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Jon Mallin
Founder of Tech Bottle Blog. Attorney & Amateur Blogger. B.A. University of Michigan 1997 and J.D. NYU School of Law 2000.
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