Morgan Stanley: BlackBerry upgrade? 'No, thanks'

Friday, 30 Aug 2013 | 11:18 AM ET
Patrick T. Fallon | Bloomberg | Getty Images

Morgan Stanley plans to delay upgrading to BlackBerry's latest smartphones and operating system because of concerns that the company might not back its platform long term, according to a report that cited sources with knowledge of the bank's plans.

"Morgan Stanley would normally have a firm timeline for an upgrade by now, more than five months after the new phones were introduced, said one of the people, who asked not to be identified because the bank's deliberations are private," Bloomberg reported.

Instead, Morgan Stanley has decided to have employees keep using earlier models until it gets assurance of support for the new platform now that BlackBerry is weighing strategic changes, the sources said.

Click here to read more about Morgan Stanley's decision.

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