Bears continue to line up behind BlackBerry's release
Talk about a long wait. After numerous delays, Research In Motion is finally set to show the world its next-generation BlackBerry 10 operating system and its first new BlackBerry in almost two years.
A hit would inject new life into RIM, while a tepid response could sound the death knell for a Canadian icon that's been shunted aside by the likes of Apple and Samsung.
Investors have been betting on the former, evidenced by the fact that the company's stock price has more than doubled since last fall, though it's still nearly 90% below its 2008 peak of $147.
Scotiabank's Gus Papageorgiou thinks it can go higher, providing about a third of current subscribers upgrade and the company can get 4 million new users overseas, especially in countries where the BlackBerry has remained popular.
Ovum analyst Jan Dawson doesn't see that happening, however.