Another analyst takes a swipe at RIM

Another analyst takes a swipe at RIMIt's fair to say RIM has had a bumpy ride of things lately. Its smartphone marketshare isn't what it was, the PlayBook tablet has been met with mixed reactions, and it only had a single new handset to show off at its annual BlackBerry World event.

But what RIM will find more concerning is how industry analysts have turned on the company, with the latest attack dismissing RIM is a “one-trick pony” and even suggesting that the company could be headed for disaster.

Needham & Co's Charlie Wolf has downgraded his rating of RIM's stock on the back of RIM adjusting its projections downwards a week ago, and said the company was increasingly failing to keep pace in the highly competitive smartphone market.

“Unfortunately, RIM’s skills as a hardware manufacturer have been more than offset by it ineptness in software development, the focus of competition today,” Wolf wrote in a report through the week.

“The blame must be laid at the feet of the company’s co-CEOs, who in their actions and words, appear to have no clue on how to mount a successful response.”

Wolf equated the recent earnings warning to “the canary in the coal mine”, in other words a warning sign that the ceiling may be about to cave in.

Via MarketWatch

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 1 comment

JanSt / MOD  May. 7, 2011 at 16:26

"ineptness"????
Oh, gimme a break! From a 'market analysts' who probably has NEVER produced a thing in his live!

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