BlackBerry Storm drives up RIM shares amid sellouts

By Tim Conneally | Published November 24, 2008, 2:52 PM

Tremendous lines reportedly amassed outside of several metropolitan Verizon Wireless stores awaiting the new BlackBerry Storm, only to have eager fans turned away empty handed.

Today, shares in parent company Verizon have jumped in value nearly six percent in midday trading, but many BlackBerry fans are skeptical about the efficacy of Verizon Wireless' Storm launch.

The perceived huge demand for RIM's first touchphone has driven stock value in that company up 5.9% to $47.45. Currently, however, there is no concrete figure that can prove stock numbers or sales figures. Analyst estimates vary wildly: RBC Capital Markets estimates that anywhere from 100,000 to 120,000 Storms were sold over the weekend, while Research Capital analysts suppose that between 250,000 and 400,000 were sold on Friday alone. Verizon's online ordering portal for the device succumbed to overwhelming traffic on its Friday launch.

However, BlackBerry enthusiasts are attributing the widespread Storm sell-outs to a Boy Genius Report that speculates at reduced stock numbers due to an OS downgrade that RIM initiated before launch. Users walked home with an old version of the OS (4.7.0.65), even though several newer iterations are known to exist, even loaded on in-store demo units. BGR found that underneath the box labels of these units was a label for OS v.4.7.0.82, and believes that OS build was too problematic to launch with.

Though practically all figures surrounding the Storm launch are nebulous at best, the common bit of information that everyone has received is the date December 15. This is the date that most sources give as the next time that the BlackBerry Storm will once again be available for purchase.

Comments

View comments by with a score of at least

Should post an update to this article. BB just released an announcement saying the sticker glitch was nothing more than a glitch. The wrong numbers were printed and then they had to print more to put over the wrong stickers. It had nothing to do with a bad build version.

Score: 0

|

The internal workings of the Storm may be better than the iPhone - I don't know. But what I do know is I've seen someone on the train with one and they no way look as good as the iPhone. Aesthetics are just as important as functionality to me and there has to be a happy medium. To me the Storm just doesn't cut the mustard with it's looks.

Score: 0

|

sounds like a rim job to me.

Score: 0

|

The Blackberry crowd is almost as pathetic as the Apple / iPhone lemmings.

Score: 0

|

@TomA102210

then you will wait forever ;)

The development never stop. Beside I wait for the new Nokia's 2009 with FOTA Firmware over the Air to replace my N95.

Back to Blackberry Storm, it is a shame that this phone is with out WiFi.

Score: 0

|

I'm totally not a fan of RIM's firmware =)... as a Blackberry owner and someone watching the development of the Gphones and iPhones ... there is a lot of catch up to do on many fronts, and I cannot understand why RIM's updates are so sparse and take so long to RTM...

Score: 0

|

I'll wait a while on this one and let them work out some kinks in the device.

Score: 0

|

PDC 2009: What have we learned this week?

There was the freebie that no one will forget, the heebie-jeebies courtesy of Scott Guthrie, and a teensy bit clearer picture of how this cloud thingie should work.

Live report: Will Google Chrome OS change Linux?

The mysteries of just what Chrome OS is, and how much of an operating system it truly is, may be resolved today.

PDC 2009: Microsoft cares about Web browser performance

The effort to give users of the world's dominant Web browser the impression of quality, is a personal one for the man who leads that battle.

Nokia re-affirms its commitment to Symbian, sort of

Maemo won't necessarily be replacing Symbian in the Nokia N-Series, but that's definitely a place where it will be found.

E-book readers will be in short supply this holiday season

E-readers are hot this year, and a lot of compelling new products have been released, but are there enough electrophoretic displays to go around?

Sony looks to finally open a single storefront for downloads

Sony has had many different download portals for movies, music, e-books, and games, and now it's looking to make a single shop for all of it.

Tuning out the tablet: Time to give the endless speculation a rest

Wide Angle Zoom: Wishing and hoping and thinking and praying....won't put an iTablet on the market.

Five improvements for IT managers in 2010

If businesses are to improve their efficiency for next year, they need to stop and reassess the basic tenets of their job.

AOL's spinoff from Time Warner to shed 2,500 jobs

As AOL moves toward become an independent company again, it will cut nearly a third of its workforce.

Gartner: SMS-based money transfer will be bigger than mobile browsing, search

Gartner issues its predictions for the 10 things our phones will be doing in 2012.

Don't forget to upgrade to Firefox 3.6 beta 3 today

Mozilla has released the latest beta its Firefox 3.6 browser software, just over one week after beta 2.