Research In Motion Ltd (BBRY) CEO Asks For More Time

Pierre Ferragu, an analyst at Sanford Bernstein describes Blackberry / Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB)’s results as a “complete disaster” in an e-mail to CNET, as the company disappointed on virtually every single financial metric. Wall Street agreed with his assessment. BlackBerry lost more than a quarter of its market value, falling 25.5 percent to $10.69 in early trading this morning On Friday, the company posted a loss in its fiscal first quarter, whereas analysts had projected a profit. Compounding the negativity was the eventual disclosure that it only sold 2.7 million BlackBerry 10 devices in the quarter and…