Shares of once-dominant smartphone maker
BlackBerry (NYSE:BB), which has since reinvented itself as an Internet of Things company and a provider of automotive software, got a minuscule boost on some good news Tuesday. However, the stock gave up those gains and more in Wednesday morning trading. As of 11:20 a.m. EDT, BlackBerry was down by 4%.
Is that fair?
So what
As was announced Tuesday, China s BiTECH Automotive has chosen to incorporate BlackBerry s QNX Neutrino Realtime Operating System into its digital instrument cluster the modern car s dashboard, with screens telling you how fast you re going and how much fuel you have left, and displaying your navigation information, multimedia controls, and such. Changan Automobile has picked BiTech s cluster to install in its new SUV, the UNI-K, which has already entered mass production.