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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read "Dr. Death" Jack Kevorkian dies 11:11am EDT Employment growth slows sharply in May 11:21am EDT Moody's sounds alarm over U.S. debt limit and deficits | 10:10am EDT China meets Libya rebels in latest blow to Gaddafi | 10:59am EDT Analysis: Bond market rally may signal dark times to come 02 Jun 2011 Discussed 76 150 economists back U.S. Republicans in debt fight 43 Romney charges that Obama has ”failed America” 40 Debt-limit hike fails in House in symbolic vote Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Massive Australian waterspout caught on film Mon, May 30 2011 Facing a cyber threat 1:03am EDT Analysts cut RIM price targets as competition intensifies Tweet Share this Email Print Related News U.S. weighs security after "serious" Google allegation Thu, Jun 2 2011 Nokia on the ropes as analysts slash targets Wed, Jun 1 2011 RIM shares tumble again after Nokia warning Wed, Jun 1 2011 UPDATE 6-Jobs to headline Apple launch, unveil iCloud Tue, May 31 2011 Goldman shares climb on JPMorgan upgrade Tue, May 31 2011 Analysis & Opinion Blowing up the Post Office The digital wallet soon to be in every pocket Related Topics Technology » Media » Steve Jobs » Fri Jun 3, 2011 9:24am EDT (Reuters) - At least two brokerages cut price targets on Research In Motion as they expect rival Apple's iCloud service and concerns over its inability to tackle competition from iPhone and Google's Android-based smartphones to hurt the BlackBerry maker. Shares of the iconic Canadian company, which has long dominated the corporate smartphone market but whose hand has been weakened since Apple and Google launched an onslaught on the red-hot sector, have lost more than 38 percent in value since February. UBS lowered its price target on the stock citing concerns over increasing competition and uncertainty over timings of RIM's product launches. The brokerage, which cut its price target to $45 from $60, said it believed the current management structure of co-Chairmen, who are also co-chief executives, and one of whom is now chief marketing officer is not optimal. Sterne Agee, which cut its price target on the stock to $44 from $52, said the launch of iCloud, Apple's online music and storage service, could result in some collateral damage as some aspects of the service are more attractive than RIM's own push network technology. And if Apple decides to offer some base services for free, it could lead to revenue and gross-margin erosions for RIM, the brokerage said in a note to clients. Shares of RIM which fell to a two-year low of $40.01 on Wednesday on Nasdaq, fell 48 cents to $39.95 in pre-market trade on Friday. (Reporting by Siddharth Cavale in Bangalore; Editing by Gopakumar Warrier) Technology Media Steve Jobs Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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