Is It “Game Over” For RIM?

Research In Motion’s share price on Monday fell to less than $10 on Nasdaq, a breach that technical analysts say could prompt even further declines, after an analyst warned that the BlackBerry maker’s sales were dismal last month.

The stock, which is trading at its lowest since 2003, has fallen nearly 15 percent in the past week alone.

After an announcement last week that RIM expects to post a quarterly operating loss, sentiment is extremely bearish on the stock, said Elvis Picardo, a strategist at Global Securities in Vancouver.

To make matters worse, Pacific Crest analyst James Faucette said in a note to clients on Sunday that RIM sales deteriorated further in May.

On Monday, RIM’s shares fell 5.8 percent to $9.66 on the Nasdaq, while its Toronto-listed shares closed on Monday 6.1 percent lower at C$10.03.

“You would have expected the C$10 level to have provided pretty strong support, but if it cracks through that it’s really hard to say where this decline will stop,” said Picardo.

RIM, which almost invented the concept of on-the-go email with its first BlackBerry device in 1999, has seen its once dominant position fade in the face of competition from Apple Inc’s iPhone and devices from the likes of Samsung Electronics Co using Google Inc’s Android software.

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Nokia Puts Free M$ Apps On Symbian Phones

Several of Microsoft’s business productivity applications will be available free of charge on Nokia’s latest Symbian Belle smartphones later this year, Nokia stated Thursday.

The move comes at the same time Nokia is developing its first smartphone on the Windows “Mango” Phone platform. That phone is rumored to be scheduled for a November debut.

The free apps will run on Symbian Belle smartphones announced in August; they’re designed to keep customers buying Nokia products while Nokia ramps up to Windows Phone smartphones.

The free apps for Symbian Belle phones will include: Microsoft PowerPoint Broadcast for broadcasting presentations from a desktop to a smartphone;Microsoft OneNote for taking notes with images by syncing with Microsoft SkyDrive;And Microsoft Document Connection, which provides a single view of documents stored on a smartphone including email attachments and documents on Microsoft SharePoint 2010 sites.

Early next year, Nokia said it will provide OneNote synchronization with SharePoint and will add Word, Excel and PowerPoint as native applications for the first time outside the Windows platform.

Some critics of Nokia’s partnership with Microsoft wonder how successful Windows Phone Mango (version 7.5) will be and said the addition of Microsoft apps to Nokia’s older Symbian line is a way for Nokia to hedge its bets if the Microsoft partnership doesn’t pay off quickly.

The free productivity apps could also be a way to introduce a large number of Symbian users to Microsoft software. There are many more Symbian users outside the U.S. than inside and Symbian until this year had been the world’s largest smartphone platform.

Making the free apps available on the Symbian Belle phones doesn’t cost either company much and the Belle phone users “get something to sweeten the deal to stay with symbian,” Gold said.

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