Our prior Top Pick rating was based on 1) fundamental value not reflected in 8x valuation; 2) new products restoring momentum and investor confidence,” Mr. Abamsky said in a note. “We were wrong, as mis-execution has undermined sentiment recovery. Our sector perform rating reflects our view that RIM shares will likely remain pressured pending improved investor visibility on the company’s earnings momentum.”
BLACKBERRY TORCH 9700:

If there’s a smartphone company more blessed than Research in Motion I don’t know them. RIM’s made a hugely successful business out of basically selling the same damn phone in a zillion different configurations with tiny differences between models. Carrying on the tradition is the just announced BlackBerry Bold 9700 (aka Onyx). Look for it to hit AT&T and T-Mobile during November for about $199 after contract. At first this device looks cool until you notice it has the same processor as the Bold it replaces – and a mere 256 MB onboard memory versus the 1 GB of the Bold 9000. Respectably RIM axed the greaseball in favor of track pad and ROM gets a boost from the prior Bold’s 128 MB to 256 MB so now you’ll only reset your memory 4 times a day versus the 6 you were used to. For the rest of us these specifications look an awful lot like a BlackBerry 8900 with a 3G modem squeezed inside or a Tour with Wi-Fi.