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FBN’s Nicole Petallides on the concerns investors have over BlackBerry 10 and Research in Motion’s new service fees.
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As we do hear the opening bell.
-- -- let's check the big board no movement as of yet but we are expecting.
Kind of slow trading today but again the futures down immediately the market as we can see goes down we'll wait and see -- how exactly shakes out.
-- -- -- -- already some trouble over the new Blackberry ten then that has some rim investors concerned tell us what that is.
Well this was concerning investors late last week we saw the stock dropped -- over 20%.
Last week on Friday now we're seeing much of the -- that down arrow continues here for reasons you mentioned the question.
It's not it's not bad enough that they face intense competition in this round thing.
-- they're talking about the service fees that they charge of wireless carriers and this would generate about a third of their -- how do you think the good messages they would charge fees for the wireless carriers in order to do this now the CEO -- presented.
Hearing -- fees when she even broken down the big picture is that it's -- pressure profitability.
That's doesn't sound good so -- additional big lots based on Friday we've -- down arrow again today and BNP new BNP Paribas on target is 550 for me.
But again there's a there's a lot of hope for the Blackberry -- coming -- and we did see we did see that the stock tank just now so there is hope gas.
