RIM shares atwitter amid case concerns
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Stock in the BlackBerry maker fluctuates as investors await a key ruling in a hotly contested patent infringement case.
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The world's largest chipmaker posted a whopping profit but investors concerns centered around lower-than-expected sales.
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Stocks seesawed in afternoon trade Thursday, with blue chips struggling to maintain their gains while techs edged lower following warnings from Google.
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The three-year patent dispute between BlackBerry device maker Research In Motion Ltd. and patent holding company NTP Inc. isn&#39;t over yet.
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The roller coaster ride continues for investors in Research in Motion (RIMM:Nasdaq - news - research). The wireless company&#39;s stock fell nearly 12% on Friday to $77.
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Research In Motion Ltd.    and Samsung Electronics Co. Ltd.  have  settled a lawsuit in which RIM alleged the South Korean  electronics giant had infringed on its well-known BlackBerry  trademark with its competing BlackJack smartphone.
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Research in Motion still doesn&#39;t know why its&#160;BlackBerry service went down for several hours&#160;on Monday.&quot;RIM is continuing to investigate the exact cause&quot; of the outage, the company said in a statement Tuesday. Late Monday, it apologized for any inconvenience caused by the incident, which left customers throughout North America without current e-mail for about three hours starting around 3:30 p.m. Eastern Time.It was the second major outage in less than a year for the popular mobile data service, on which about 12 million subscribers depended at the beginning of last December. The&#160;previous problem, which occurred last April, was caused by a minor software upgrade that went awry, followed by a failed switchover to a backup system, according to RIM. The company said soon afterward that it had identified &quot;certain aspects of its testing, monitoring and recovery processes that will be enhanced&quot; as a result of the failure.BlackBerry e-mail traverses a complex infrastructure involving mobile operator networks, RIM&#39;s network operations center, and BlackBerry Enterprise Servers within companies that use the service. It pushes messages from enterprise e-mail systems, including Microsoft Exchange and IBM Lotus Notes, out to the popular BlackBerry devices.The system is getting yet more complicated as RIM adds third-party services to appeal to consumers, said Albert Lin, an analyst at investment bank Sooner Cap. As the company tries to keep up with rapid growth in its subscribers -- last year&#39;s fiscal third quarter saw a net gain of 1.65 million -- these types of glitches are to be expected, Lin said.&quot;It&#39;s hard to really expect any major service provider to be 100 percent reliable,&quot; Lin said. Although enterprises now have more push e-mail alternatives than they did when the BlackBerry debuted in 1999, those competitors, such as Visto and Motorola&#39;s Good Technology system, aren&#39;t significantly more dependable, he said.&quot;When it comes to reliable push e-mail ... it&#39;s still hard to find a solution that works better than BlackBerry,&quot; Lin said.
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The stock looks reasonably valued but some core businesses are struggling to grow.
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The current motion is in addition to the request for a summary judgment IBM has been seeking since early July. If the initial request is granted, it could bring the case to a close without trial. Although summary judgment arguments ...
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Research In Motion (Nasdaq: RIMM) (RIM) is offering a peek at the company's latest wireless BlackBerry, a handheld that operates on Wi-Fi (802.11b) networks and supports both voice over Internet communications and data connectivity on local area networks.
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Research In Motion Ltd.    expects to be up to date with its regulatory filings  shortly, but the BlackBerry maker needs more time as its  accountants continue to grapple with a $250-million earnings  restatement related to mistakes it made in granting stock  options in the past.
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U.S. technology shares fell and blue-chip stocks pared gains on Thursday, with shares of BlackBerry maker Research In Motion Ltd.  down after brokerage downgrades of the stock.
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A US court of appeals delivered Research In Motion (RIM) a partial blow, ruling to uphold most of a lower court decision that ruled in favor of NTP&#39;s patent infringement claims.
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(InfoWorld) - BlackBerry maker Research In Motion (RIM) announced record high subscriber growth and strong device shipments in its first quarter, a sign that some users aren't putting off smartphone purchases ahead of Friday's iPhone launch. In fact, RIM says theÂ hype around Apple's iPhoneÂ has helped its business by focusing attention on multi-function handsets. "I think [Apple] did us a great favor because they drove attention to the converged appliance base...we think the attention given to [the iPhone] and its impact on the dynamic has been overwhelmingly positive for us," said Jim Balsillie, co-CEO at RIM, in a conference call on Thursday. RIM signed up 1.2 million new BlackBerry subscribers in the three month quarter ending June 2, pushing its total to over 9 million accounts. RIM executives cited strong growth in India, in particular. Sales and net profit at the company both hit all time highs, with sales at US$1.08 billion, up 76.5 percent year-over-year, and net profit up 73.2 percent to $223.2 million. The company expects to break more records in its second quarter. RIM forecast that it will add 1.325 million to 1.375 million new subscribers in the quarter with the potential for sales to reach almost $1.4 million. "The momentum we are seeing in terms of product launches, carrier support in terms of product launches of BlackBerries, and subscriber additions is exceptional, and we believe it will continue on into the second half of the year," said Balsillie. Device shipments will also continue to soar. RIM expects to ship 3 million units in the second quarter, up from 2.4 million in the first quarter, due mainly to new products such as the BlackBerry Curve, as well as continued strength in older models such as the BlackBerry Pearl and 8800, RIM executives said. Â
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TORONTO (CP) - A regulatory hearing into allegations of insider-trading by the chairman of ATI Technologies and others has been delayed for the second time, and now won&#39;t be heard until five years after the events that sparked the case.
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There was scant consolation for chipmaker Qualcomm (QCOM) in a long-awaited court decision on its patent dispute with rival Broadcom (BRCM). On June 7, the U.S.
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Rumored acquisition could benefit both companies, but according to analysts RIM's high price tag means the rumors are likely just that.