TORONTO (Dow Jones)–Shares of Blackberry maker Research In Motion Ltd. (RIMM) are down 4.7% Tuesday, at least in part on fears that its surging international growth could be crimped by foreign governments seeking access to content on the device.
Concerns about the timing of the release of a key new BlackBerry device may also be weighing on the stock. Three analysts said they believe the decline stems from a report that asserts the launch of a BlackBerry with a slide-out keyboard may come later than expected. The analysts didn’t know the author of the report, nor had they seen it. In two cases, the analysts said they learned of the report from institutional clients.
RIM indicated on its quarterly earnings call in June that it expects to release two new products either late in its second quarter or early in the third quarter. That corresponds with either late August or early September. One of these products is expected to be the slide-out phone, which is believed to run on the latest version of the BlackBerry operating system, BlackBerry 6.