Court Order Forces RIM to Change Name of New OS

BBX was supposed to represent the blending of RIM's legendary BlackBerry OS with the bought-in QNX operating system currently running its poorly selling PlayBook tablet in other words also supposed to run the company's future line of smartphones.

The company is writing off $485 million worth of Playbook inventory. With phone sales as well in a slump, it doesn't expect to make its income target for the year either. That three-day service outage it had in October contributed to the shortfall.

Originally priced at $499, clients can already find the thing for as little as an unprofitable $199, the price of Amazon's also in accordance with-cost Android-based Kindle Fire.

Maureen O'Gara the most read innovation reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected research reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara