RIM Declines on Concern That BB10 Won't Come Until March
Research In Motion Ltd. fell the most in about two weeks after Jefferies & Co. said the company probably won't release BlackBerry 10 smartphones until March, missing the fiscal fourth quarter.
That delay would push back the timing of any BB10 licensing deals with other companies until after the software's release, Peter Misek, a Jefferies analyst, said in a research note today. Waterloo, Ontario-based RIM's fiscal year ends Feb. 28.
RIM fell 3.7 percent to $7.93 at 11:05 a.m. in New York after earlier sliding as much as 5.1 percent, the biggest intraday