Published 10/10/2008
by Eric Savitz
at BARRONS.com: Tech Trader Daily
Research In Motion (RIMM) shares are down sharply today on news that Orange U.K. has stopped selling the BlackBerry Bold over concerns with software problems with the much-anticipated new device.
Morgan Stanley’s Scott Coleman asserts in a research note that the suspension of Bold sales by Orange could cause a shortfall in both revenues and profits, and that the problem could be exacerbated if other carriers take similar action. He reports that the device is listed as out of stock on the Orange UK Web site, but is available at T-Mobile Germany, Vodafone and Carphone Warehouse.
RIMM today is down $8.45, or 14.3%, to $50.58.
(link)
Tags:
Related Content
Morgan Stanley Extends Drop, Moody's Mulls Rating Cut (Update1)
bloomberg.com 10/10/2008 — Morgan Stanley Extends Drop, Moody's Mulls Rating Cut (Update1) By Philip Lagerkranser and Christine Harper Oct. 10 (Bloomberg) -- Morgan Stanley dropped for a fifth day after Moody's Investors Service said it may reduce the U.S. investment bank's ...
Morgan Under Assault
nytimes.com 10/10/2008 — Henry M. Paulson Jr., Treasury secretary, left, and John J. Mack, chief of Morgan Stanley, at a conference in New York in April.
Overheard At Morgan Stanley
dealbreaker.com 10/10/2008 — "Has anyone noticed that, at 8 dollars/share, MS's market cap
Listen up, people. It doesn't have to be this Last Days In The Bunker way. You want everything to be fine? You need to do two things. 1. Listen to Lloyd Blankfein when he says put a ...
Emerging markets: All fall down —
The Economist: Full print edition 10/9/2008
Firms in developing countries struggle to escape their roots STOCKMARKET bubbles often take a genuine improvement in economic or corporate performance, and then vastly overestimate its effect. Equity investors in emerging markets must wonder if they ...
Follow WallStreetBlips on Twitter
