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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Alleged Weiner nude photo released by radio hosts 12:55am EDT Citi says hackers access bank card data 7:17am EDT Record exports temper slowdown fears 11:41am EDT Regulators pressuring banks after Citi data breach 11:01am EDT Taxes on the menu in debt-reduction talks 3:25am EDT Discussed 75 ”The world is getting warmer”: Romney 70 Moody’s sounds alarm over U.S. debt limit and deficits 68 U.S. debt default unimaginable, creditors say Watched Bodypainters apply their skill Mon, Jul 19 2010 Obama leads Republican rivals in Presidential poll 9:30am EDT Four-year-old takes art world by storm Mon, Jun 6 2011 small business Talent search favors tech giants Recruiters say the Web 2.0 hiring boom, which counters nationwide unemployment above 9 percent, shows no sign of abating. And startups are having to be very creative to lure potential hires away from Google and other tech giants. Full Article Silicon Valley recruiter: "Everyone's desperate" 5 reasons to join a startup after graduating RIM can't grab Nokia space with delayed launches: Citi Tweet Share this Email Print Related News UPDATE 3-Fresh blow for Nokia as CTO ducks out 5:53am EDT Ciena forecasts weak Q3 revenue; shares tumble Wed, Jun 8 2011 Apple's Jobs takes stage to talk iCloud Mon, Jun 6 2011 RIM loses more U.S. market share to Apple, Google Fri, Jun 3 2011 U.S. weighs security after "serious" Google allegation Thu, Jun 2 2011 Analysis & Opinion Apple and Twitter: A New Power Duo? Tech wrap: Steve Jobs pitches Apple’s iCloud Related Topics Technology » Media » Dale Courville uses the RIM PlayBook in Toronto, April 19, 2011. Credit: Reuters/Mark Blinch Thu Jun 9, 2011 10:25am EDT (Reuters) - Research In Motion is in danger of failing to capitalize on market share losses at rival Nokia by choosing to launch products later-than-expected, said Citigroup, which downgraded its rating on the stock to "hold" from "buy." The brokerage, which slashed its target price on the company's shares to $45 from $80, also warned that Research In Motion's competitors are increasingly seizing opportunities missed by the company. "Thus far, our supply chain checks show that RIMM's new models have not yet been certified by major wireless carriers and are not in mass production which concerns us," the brokerage wrote in a note to clients. New touchscreen phones, featuring an upgrade to the company's existing operating system and improved hardware, are crucial weapons in the BlackBerry maker's scrappy fight against leaders Apple Inc and Google Inc in a fiercely competitive smartphone market. "Current trends suggest RIM continues to lose share in the U.S. and media sources flagged that the new Bold 9900/9300 based on OS7 could be further delayed until September," brokerage Susquehanna Financial said. The company, expected to report first-quarter results on June 16, stunned investors in late April with a steep downward revision of its current quarter forecasts even as it promised a turnaround from a line-up of new BlackBerry smartphones. Susquehanna also cut its price target on the stock to $31 from $46, and said the company faced mounting risks to its market share and margins. Nokia's share loss presents a window of opportunity for Research In Motion, but only if the company can execute new product launches on time to attract consumers, Citigroup said. Mobile phone maker Nokia, which recently abandoned hope of meeting key targets, has been losing ground in the smartphone market to Apple's iPhone and Google's Android devices, and at the lower end, to more nimble Asian rivals. Nokia's revised outlook showed its market position worsening much faster than expected, and should have been a positive for rivals such as Research In Motion, Apple and Google. "However, we believe Research In Motion is letting this opportunity slip," the brokerage said. Research In Motion shares, which have shed more than 40 percent over the last six months, were down more than a percent at C$35.40 in early trade on Thursday on Nasdaq. On Wednesday, they had fallen to $35.81 -- the lowest in a year. (Reporting by Saqib Iqbal Ahmed; Editing by Joyjeet Das) Technology Media 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. 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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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