RIM’s Going To Be Chopped Into Pieces, Says Morgan Stanley

RIM’s Going To Be Chopped Into Pieces, Says Morgan Stanley
News
Like Us On Facebook
Like Us On Facebook

Struggling handset makers such as RIM and Nokia just can’t seem to catch a break. In RIM’s case, the company’s stock was downgraded to underweight — the equivalent of sell — by Morgan Stanley analysts on Monday. 

Bloomberg reports that Morgan Stanley analyst Ehud Gelblum wrote in a note to investors today that “the only way RIM remains a viable entity is at a fraction of its current size, a transformation that erases much of its earnings power.”

Gelblum also cited RIM’s “deteriorating fundamentals” as a reason to be bearish on the company’s future while also saying that the company’s new BlackBerry 10 operating system would be “likely too late and fraught with risks” to improve the company’s outlook.

The first BlackBerry 10 device is scheduled to be announced this summer, likely in August.

BGR

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In News

World Alexia LaFata

Artist Depicts Cartoon Characters As Hamas Militants, And It’s So Wrong (Photos)

The conflict between Israel and Palestine shows no signs of stopping — and one artist has crafted his own shocking take on the issue. Italian artist and graphic designer aleXsandro Palombo released illustrations featuring Aladdin, Jasmine and other cartoon characters depicted as members of Hamas. Palombo introduces the illustrations in a blog post and condemns the organization […]

Also On Elite

Women

Thanks To The State’s Birth Control Program, Colorado’s Teen Pregnancy Rate Plummeted

Colorado state officials recently found that a program that provides contraception to low-income women played a large role in the 40 percent drop in teen birth rate in Colorado. Colorado Family Planning Initiative, which is located in 68 family planning clinics in Colorado, gives low-income women intrauterine devices (IUDs) or implants at little or no cost. […]

Dating

The Psychology Behind Why People Cheat And How It Differs By Gender

After many deep conversations, interviews and flat-out bitch sessions with cheaters, those whom were cheated upon and friends of both, I’ve come to the following general consensus regarding the subject of cheating. Men generally cheat for physical reasons; whereas, women generally cheat for emotional reasons. Obviously, there are plenty of exceptions to this loose rule, […]

Life

It’s Not Guns, Crime Or Hate: We The People Are The Problem With Society

“We the people” have a problem, America. It’s convenient to focus vexation at our country’s ever-present adversity on impractical venues such as government. After all, we can vote, complain, post bumper stickers and invest in campaigns, but we really can’t change much. Yet, what do we do in an effort to make changes? We find someone who resembles […]