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Wells Fargo’s Jennifer Fritzsche this afternoon reiterates a Market Perform rating on shares of Research in Motion’s (RIMM) in advance of the company’s BlackBerry Developer Conference, which kicks off tomorrow and runs through Thursday, in San Francisco.
Fritzsche writes that she doesn’t expect any “material announcements” from the week, but she thinks investors “will be looking for some clarity on the progress of RIMM’s strategy and assurances that the company can still execute despite recent personnel losses and low morale in the face of strong market share gains by the competition.”
She is also hoping co-CEO Mike Lazaridis will talk more about last week’s network outage and give an update on progress with “QNX,” the software that runs RIM’s “PlayBook” tablet computer, which is supposed to receive an update, and which is supposed to come to the BlackBerry platform next year.
RIM shares today are down $1.54, or almost 7%, at $22.43.
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