RIM Delay QNX Phones Until 2012

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By Douglas A. McIntyre Published

Among the poor news from Research In Motion (NASDAQ: RIMM) about its earnings and forecast, the company said it would delay smartphones with its critical QNX  until 2012. The company said the system required complex hardware. The new handset is viewed as RIM’s last, best chance to move its Blackberry franchise into the consumer market. That market has been dominated by Apple (NASDAQ: AAPL) and smartphones that run the popular Google (NASDAQ: GOOG) Android system.

Earnings and the QNX announcement drove shave of RIM down 7% after hours.

Reuters reports that

The Waterloo, Ontario-based company has been counting on the new operating system to make up ground lost to Apple’s iPhone and iPad and the slew of devices that make use of Google’s Android software.

Many analysts maintain that the delay will ruin RIM’s chance to take market share from Apple

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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