RIM Shares Sink as Traders Respond to Meager BB10 Expectations

Research In Motion RIMM shares are down more than 7% following comments from Pacific Crest's James Faucette. The analyst believes BlackBerry 10's launch will be "lukewarm at best" and "ultimately" will fail. He cited a low number of apps, a lack of complementary devices and a UI which will be unfamiliar to most BB users. Faucette said checks suggest inventories of BlackBerry devices at retail locations have already begun to fall without sell-through run-rates improving. This argument is nothing new for Research In Motion investors; however, further deterioration in checks may be scaring traders today.