1. gwanstarr's Avatar
    Research in Motion Confirms PlayBook OS 2.0 Delay (RIMM)

    Robert Cotter (News corner via COMTEX)

    This morning, Research in Motion (NASDAQ:RIMM) confirmed the delay of its PlayBook OS 2.0 software until next year. In a blog post the company stated, " We made the difficult decision to wait to launch BlackBerry PlayBook OS 2.0 until we are confident we have fully met the expectations of our developers, enterprise customers and end-users."
    Shares of Research in Motion are trading down 0.18% to $22.23 in the pre-market session this morning.

    Research In Motion (NASDAQ:RIMM) has potential upside of 29.1% based on a current price of $22.27 and an average consensus analyst price target of $28.74. Research In Motion is currently below its 50-day moving average (MA) of $25.60 and below its 200-day MA of $41.97. In the last five trading sessions, the 50-day MA has fallen 0.57% while the 200-day MA has slid 1.37%.

    Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

    Copyright, Comtex News Network, Inc. 2011
    10-26-11 09:35 AM
  2. Chrisy's Avatar
    10-26-11 09:37 AM