13:13 EDT - BlackBerry (BBRY) is outperforming the overall market, likely benefiting at least in part from MobileIron's (MOBL) warning. MOBL, which competes with BBRY selling enterprises-mobile-device-management software, says its 1Q revenue and billings fell short of February's forecast due to a number of large deals which didn't close as expected and a shift by customers to MOBL's monthly subscription offering. The miss doesn't necessarily mean BBRY is a beneficiary, but MOBL has been often cited as a strong competitor which has been stealing market share from BBRY. MOBL, which went public in June at $9 and has largely traded around there the past 6 months, slumps 22% to $7.39 in hitting post-IPO lows. BBBY is up 5.3% at $10.45 . (ben.dummett@wsj.com; @bendummett)
(END) Dow Jones Newswires
04-23-15 1314ET
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