BlackBerry maker RIM’s problems are far from over

Is BlackBerry maker RIM out of the woods? If all you looked at was its after-hours share price, and the forecasts by analysts, you might think so: the shares surged 18% after its results were announced; they showed losses that were less, and handset shipments greater, than analysts had forecast.Alas: as Benedict Evans of Enders Analysis pointed out on Friday morning, the share ramp instead looked like a classic “short and squeeze” pattern – where those who had short-sold the shares in expectation of dire results were forced back into the market to buy, and minimise their own losses, when the numbers were only awful.To continue reading this report in The Guardian, go to:

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