BlackBerry buys software company to beef up apps store

Release Date 29 Apr, 2011 in Economic Times

 
   

BlackBerry buys software company to beef up apps store

Economic Times - 29 Apr, 2011
TORONTO: Desperate to catch up with Apple and Google Android devices in apps, BlackBerry has bought Montreal-based software company Tungle that develops apps that allow users to schedule and synchronize meetings over their smart phones, computers and ...

PlayBook’s close call

London Free Press (blog) - Steve Tilley - 29 Apr, 2011
An optimist might see the glass as half full. An adventurer might delight in being halfway up the mountain. But it takes a very forgiving gourmand to eat something that's only half-baked. Ontario-based Research In Motion, the creators ...

RIM Plunges as Analysts See Lost Credibility With Forecast Cut

Bloomberg - Hugo Miller, Greg Bensinger - 29 Apr, 2011
Research In Motion Ltd. (RIMM) plunged in late trading yesterday as analysts said a reduced profit forecast hurts management's credibility and raises pressure on the company as it heads ...

RIM Warns of Product Delays, Poor Sales

PC Magazine - Mark Hachman - 29 Apr, 2011
Research in Motion said Thursday that it was lowering its financial guidance for the first quarter, as sales of BlackBerrys have been lower than expected. RIM said it now expects first quarter fiscal 2012 revenue to be between $5.2 ...

RIM warns Q1 earnings to be lower than expected

Computerworld - Nancy Gohring - 29 Apr, 2011
IDG News Service - Research In Motion warned that its first-quarter smartphone shipments are likely to be lower than expected, cutting its earnings forecast for the quarter. In March, RIM forecast earnings per share for the quarter ...

BlackBerry maker's shares plunge on profit warning

Financial Times - Paul Taylor - 29 Apr, 2011
Research in Motion's shares plunged as much as 11 per cent in after-hours trading after the BlackBerry maker issued a surprise profit warning due to increasing competition from Apple and Google as well as delays in the launch ...

Summary Box: BlackBerry Maker RIM's Profit Warning

ABC News - 29 Apr, 2011
By AP BLACKBERRY DOWN: Research In Motion Ltd., the maker of the BlackBerry, cuts its sales and earnings forecasts for the current quarter, which ends in May. THE REASON: RIM hasn't launched a fresh high-end BlackBerry in a while, and it's losing out ...

RIM has 'low credibility' after Q1 earnings warning

Financial Post - Matt Hartley - 29 Apr, 2011
On Thursday, RIM said that slow sales of its BlackBerry smartphones " particularly in Latin America and the smartphone hotbed of the United States " had forced the company to re-evaluate its outlook for the current quarter. ...

Research In Motion warns of weak BlackBerry sales

The Australian - Ben Dummett, Roger Cheng - 29 Apr, 2011
RESEARCH In Motion warned of slack sales for its BlackBerry smartphones in the current quarter, sending its shares plunging 11 per cent in after-hours trading. The warning, just a month after the company reported earnings and gave a weak short-term ...

Blackberry firm warns on profits

BBC News - 29 Apr, 2011
Research in Motion (RIM) has slashed its profits forecast for the current quarter due to lower shipments of its popular Blackberry phone. Shares in the company fell about 10% in after-hours trading as a result of the warning - its second in the past ...

RIM Cuts Earnings Guidance; Blames Slow Smartphone Sales

Wall Street Journal - Ben Dummett - 29 Apr, 2011
TORONTO (Dow Jones)--BlackBerry maker Research In Motion Ltd. (RIMM) cut its earnings guidance for its fiscal first quarter, blaming slower-than expected smartphone shipments. It is the latest in a string of setbacks for RIM as its ...

RIM shares fall on lower outlook

CBC.ca - 29 Apr, 2011
RIM expects shipments of the BlackBerry PlayBook this quarter to be in line with its previous estimate. (Jeff Chiu/Associated Press) Shares of Research In Motion fell 11 per cent in after-hours trading Thursday after the company lowered its estimate of ...

Disparate tales of two smartphone makers

MarketWatch - 29 Apr, 2011
By MarketWatch SAN FRANCISCO (MarketWatch) " Motorola Mobility Holdings Inc. surprised investors with slightly better-than-expected results, including good numbers for its Xoom tablet, but Research In Motion Ltd.'s grim news demonstrated how quickly ...

RIM cuts expectations amid weak BlackBerry sales

CNET - Marguerite Reardon - 29 Apr, 2011
In the quarter ending in May, RIM said it expects earnings between $1.30 and $1.37 per share. Analysts had expected RIM to report earnings of $1.48 per share. RIM also said it expects revenue to come in slightly below its previous ...

BlackBerry maker RIM lowers outlook

AFP - 29 Apr, 2011
MONTREAL " Canada's Research In Motion (RIM) lowered its earnings outlook on Thursday on weaker BlackBerry sales, sending its share price sharply lower in after-hours trading. The Waterloo, Ontario-based RIM said that it expects earnings per share of ...

PlayBook tablet sales surpass Best Buy's expectations

Computerworld - Matt Hamblen - 29 Apr, 2011
Computerworld - BlackBerry PlayBook tablet sales have far exceeded expectations at retailer Best Buy, the company said after more than a full week of sales. "Best Buy has had great success selling BlackBerry smartphones in North America ...

Research In Motion Cuts Guidance, And Stock Tanks

Forbes (blog) - Eric Savitz - 29 Apr, 2011
Research In Motion appears to be in serious trouble, as demand for the company's BlackBerry phones shows signs of sagging in the face of intense competition in the smartphone market from Apple and Android phones. ...

RIM cuts profit forecast on weak BlackBerry sales

CNN - Laurie Segall - 29 Apr, 2011
NEW YORK (CNNMoney) -- Research in Motion on Thursday slashed its earnings forecast for the current quarter, citing sluggish BlackBerry sales. The company now expects that its per-share ...

Instant view: RIM slashes forecasts as Microsoft profit climbs

Reuters - Alexei Oreskovic, Poornima Gupta - 29 Apr, 2011
LOS ANGELES (Reuters) - Research in Motion cut its quarterly earnings and revenue forecasts, expecting to ship fewer BlackBerry smartphones. Also on Thursday, Microsoft Corp reported a dip in quarterly sales of its core Windows operating system, ...

BlackBerry maker slashes short-term sales forecast

The Associated Press - 29 Apr, 2011
NEW YORK (AP) " Research In Motion Ltd., the maker of the BlackBerry, on Thursday cut its earnings and sales forecasts for the current quarter, saying it's selling fewer and cheaper phones than it had expected. RIM co-CEO Jim Balsillie blamed the ...

RIM moves Q1 guidance down due to lower shipments, lower selling prices

The Canadian Press - Mary Gazze, LuAnn LaSalle - 29 Apr, 2011
Research In Motion (TSX:RIM) is cutting its financial guidance based on lower than expected shipments of BlackBerry smartphones and reduced average selling prices for the devices. When asked about the reason behind the shipment delays, ...

Research in Motion Cuts its Guidance

Wall Street Journal (blog) - Matt Phillips - 29 Apr, 2011
RIM now expects fully diluted earnings per share for Q1 to be in the range of $1.30-$1.37, lower than the range of $1.47-$1.55 previously forecasted by RIM on March 24, 2011. This shortfall is primarily due to shipment volumes of ...

BlackBerry Partners Fund announces 4th annual developer challenge

National Post (registration) - 29 Apr, 2011
Research In Motion Ltd.'s BlackBerry PlayBook will take centre stage this year as the BlackBerry Partners Fund kicks off its fourth annual developer challenge. With analysts, reporters and developers set to converge on Orlando, Florida for RIM's annual ...

RIMM Shares Up: Optimism About Monday's Big Analyst Day?

Wall Street Journal (blog) - 29 Apr, 2011
By Dave Kansas In an otherwise desultory tech market (the Nasdaq 100 is down 0.3%), Research in Motion is showing some perk. The BlackBerry (and PlayBook) maker is up 1.7% to $56.53. The Canadian mobile communications company hosts an analyst day on ...

RIM to Unveil New "BlackBerry 7" OS, Smartphone Next Week?

PCWorld - Al Sacco - 29 Apr, 2011
BlackBerry-maker Research In Motion (RIM) holds its largest event of the year next week in Orlando, Fla., and the company is expected to unveil there the latest version of its BlackBerry smartphone OS, "BlackBerry 7,"along with at ...

Four steps tablets need to take for business

Globe and Mail - Omar El Akkad - 29 Apr, 2011
In previous installments of our series on tablets and small business, we've discussed the differences between the three major tablet flavours currently available. (In short, Apple's offering is the most popular, Research In Motion has the most ...

Five Things To Expect From RIM's BlackBerry World

InformationWeek - Eric Zeman - 29 Apr, 2011
New BlackBerrys, a revised BlackBerry OS, and info on the PlayBook's first two weeks of life will highlight Research In Motion's annual developer and partner event in Orlando next week. By Eric Zeman InformationWeek This year, Research in Motion ...

RIM rises amid acquisition of scheduling app maker Tungle

Toronto Star - 29 Apr, 2011
MONTREAL"BlackBerry maker Research In Motion (TSX: RIM) has acquired Montreal-based software company Tungle, which has an application to help people schedule and synchronize meetings over their smartphones, computers and tablets. ...

RIM Acquires Cloud Calendar Startup Tungle

InformationWeek - Chandler Harris - 29 Apr, 2011
BlackBerry smartphones and PlayBook tablets will get enhanced scheduling and calendar capabilities in the wake of RIM's purchase of Tungle. By Chandler Harris InformationWeek Research In Motion announced Wednesday that it had acquired calendar and ...

RIM buys Montreal's Tungle for scheduling app

Montreal Gazette - Jason Magder - 29 Apr, 2011
Marc Gingras, CEO of Tungle in the company's Old Montreal office Tuesday, April 21, 2009. The company has developed software that makes it easier for people to schedule meetings and appointments ...

 

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