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RIM BlackBerry PlayBook and Smartphone Sales TankTIME - Matt Peckham - 16 Sep, 2011So much for RIM's brief PlayBook sales "surge" to "4.9% of the tablet market": The company's losing market share "much faster than expected to rivals Apple and Google," reports Reuters this morning. ... |
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Toronto stock market slightly higher despite plunging RIM sharesWinnipeg Free Press - Sunny Freeman - 16 Sep, 2011A Blackberry user thumbs through a menu near to Parliament Hill in Ottawa on Oct. 5, 2010. THE CANADIAN PRESS/Sean Kilpatrick TORONTO - The Toronto stock market opened little changed Friday, even as tech heavyweight Research in Motion's shares plunged ... |
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Is RIM being 'excessively punished' after poor results?CTV.ca - 16 Sep, 2011These are stories Report on Business is following Friday, Sept. 16. Get the top business stories through the day on BlackBerry or iPhone by bookmarking our mobile-friendly webpage. Analysts are slashing their price targets on shares of Research In ... |
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RIM shares tumble 23 per cent in TSX opening tradingCTV.ca - 16 Sep, 2011TORONTO â€" Shares in Research In Motion took a big dive Friday on the Toronto Stock Exchange, dropping more than 20 per cent a day after the BlackBerry maker reported lower profits and sales. RIM shares were trading at $23.37, down $6.03 or 20.5 per ... |
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Story Sharing ToolsCBC.ca - 16 Sep, 2011Beginning of Story Content Shares of Research In Motion fell sharply in early trading on the Toronto Stock Exchange on Friday, a day after the company reported disappointing financial results. After opening at $22.40 a share, RIM was off $7.04, ... |
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Analyst: RIMM's PlayBook to go the way of HP's TouchPadFortune - Philip Elmer-DeWitt - 16 Sep, 2011Wall Street's best and brightest were expressing various degrees of shock at the news Thursday that Research in Motion (RIMM), which delivered 500000 BlackBerry PlayBook tablets in the quarter that ... |
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Will the BlackBerry Playbook go the way of the HP Touchpad?Telegraph.co.uk - Matt Warman - 16 Sep, 2011Last quarter, Apple sold 9.5 million iPads and BlackBerry sold 200000 of its much vaunted PlayBook 'rival'. To put it another way, Apple sells more iPads in two days than BlackBerry sells PlayBooks in three ... |
Research in Motion stock plunges on weak salesEconomic Times - 16 Sep, 2011NEW YORK: Shares of Research in Motion (RIM) plunged 19 percent in early trading on Friday after the BlackBerry maker reported sales and profits that fell short of expectations. The company's shares were down $5.57 to $23.97 on the Nasdaq stock ... |
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Analysts anxious for a RIM turnaroundFinancial Post (blog) - 16 Sep, 2011As Research In Motion Ltd. shares remain in free fall around the world Friday morning after announcing another disappointing quarter on Thursday evening, market watchers are running out of patience for the beleagurged Canadian BlackBerry maker. ... |
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Analysts react to RIM: The future is uglyGlobe and Mail (blog) - david berman - 16 Sep, 2011Investors aren't the only ones running from Research In Motion Ltd. RIMM-Q on Friday morning. Analysts, too, are expressing grave reservations about the BlackBerry maker as they slash their target prices on the stock, a day after RIM reported ... |
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RIM Shares Drop as Investors Disappointed for Third QuarterBusinessWeek - Hugo Miller - 16 Sep, 2011Sept. 16 (Bloomberg) -- Research In Motion Ltd., struggling to compete against Apple Inc.'s iPhone and iPad, plunged in Nasdaq trading after its earnings report disappointed investors for the third consecutive quarter. ... |
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Research In Motion shares tumble 23 per cent in TSX opening tradingCanadianBusiness.com - 16 Sep, 2011By The Canadian Press | September 16, 2011 Research in Motion's Mike Lazaridis holds the PlayBook on Sept. 27, 2010, in San Francisco. THE CANADIAN PRESS/AP, Jeff Chiu TORONTO - Shares in Research In Motion are taking a big dive on the Toronto Stock ... |
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RIM Off 23%: Three Downgrades; Cash Now A ConcernBarron's (blog) - Tiernan Ray - 16 Sep, 2011Shares of Research in Motion (RIMM) are down $6.92, or 23%, at $22.62 after a disappointing fiscal Q2 report last night in which the BlackBerry maker sold fewer devices than expected, offered a dimmer view of its year profit outlook, ... |
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RIM shares slide 23 per cent in TSX opening tradingCTV.ca - 16 Sep, 2011TORONTO â€" Shares in Research In Motion are taking a big dive on the Toronto Stock Exchange, dropping 23 per cent a day after the BlackBerry maker reported lower profits and sales. RIM shares opened at $22.58, down $6.82 with 1.6 million shares changing ... |
RIM Shares Sink on Weak ResultsWall Street Journal - Carolyn King, Chip Cummins - 16 Sep, 2011Research In Motion Ltd. opened sharply lower Friday in New York and Toronto, after reporting a 59% drop in profit in the fiscal second quarter on lower-than-expected shipments of its BlackBerry handsets. ... |
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RIM Shares Tumble 22% At the Open As Investors Digest Disappointing 2QWall Street Journal - Carolyn King - 16 Sep, 2011Research In Motion Ltd. (RIMM) opened sharply lower Friday, after reporting a 59% drop in profit in the fiscal second quarter on lower-than-expected shipments of its BlackBerry handsets. On Nasdaq, RIM was down $6.55, or 22%, to $23.00 one minute after ... |
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Bury The Berry? RIMM Shares Crushed On Weak DemandForbes - 16 Sep, 2011After a long career at Barron's, I joined Forbes as San Francisco bureau chief in December 2010. I've been writing about technology and investing for more than 25 years. With the Tech Trade, I'll pick up where I left off when I was writing the Tech ... |
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CANADA STOCKS-TSX pushes higher, but RIM dragsReuters - Claire Sibonney, Peter Galloway - 16 Sep, 2011TORONTO, Sept 16 (Reuters) - Toronto's main stock market index opened flat on Friday as optimism over a European meeting to discuss the euro-zone debt crisis was offset by a plunge in Research In Motion (RIM.TO) shares after the BlackBerry maker ... |
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Tech Today: More Bad News from RIMWall Street Journal (blog) - Tom Loftus - 16 Sep, 2011Oliver Lang/AP More Bad News from RIM: Turnaround still eludes Research in Motion. In its second quarter earnings call yesterday, RIM said that it shipped fewer BlackBerrys than it did for the same quarter last year, a first since 2002. ... |
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Ahead of the Bell: Research In Motion sinksmsnbc.com - 16 Sep, 2011NEW YORK â€" Shares of Research In Motion Ltd. sank in premarket trading Friday after the BlackBerry maker reported sharply lower earnings and revenue for its latest quarter, hurt by weak sales of its tablet computer and intensifying competition from the ... |
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Cramer says, "Stick a fork in RIM. They're Done." (RIMM)Financial News Network Online - 16 Sep, 2011This morning, several analysts downgraded and lowered their price target on shares of Research In Motion (NASDAQ:RIMM), despite an announcement that the company is confident that it can return to growth in Q3 and beyond. RIM also stated that they are ... |
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RIM ripped over missCBC.ca - 16 Sep, 2011Beginning of Story Content It wasn't quite an apology, but it was close. As investors pummelled shares of Research In Motion Ltd. in after-hours trading Thursday evening, the BlackBerry-maker's co-chief executive tandem of Jim Balsillie and Mike ... |
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RIM ripped over missVictoria Times Colonist - Matt Hartley - 16 Sep, 2011As investors pummelled shares of Research In Motion Ltd. in after-hours trading Thursday evening, the BlackBerry-maker's co-chief executive tandem of Jim Balsillie and Mike Lazaridis hopped on ... |
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RIM shares drop as sales and profit plungeCNNMoney - Stacy Cowley - 16 Sep, 2011NEW YORK (CNNMoney) -- Research in Motion shares dropped sharply in premarket trading Friday, a day after the company announced grim second-quarter results that fell far short of Wall ... |
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Phone rivalry drives down RIM earningsBusinessWeek - 16 Sep, 2011Shares of Research In Motion plummeted more than 13 percent after hours after the BlackBerry maker reported its net income and revenue declined in its fiscal second quarter. The company continues to struggle to compete with the iPhone and smartphones ... |
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Ahead of the Bell: Research In MotionBusinessWeek - 16 Sep, 2011Research In Motion will likely meet or slightly exceed Wall Street expectations for the second quarter thanks to strong sales of the latest incarnation of the BlackBerry, according to Cowen and Co. research Thursday. Overall market conditions were ... |
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RIM's market share slipping faster than expectedReuters - Tenzin Pema, Maju Samuel - 16 Sep, 2011A person uses the new Blackberry Bold 9900 at a release party to promote the BlackBerry OS 7 devices in Toronto August 3, 2011. (Reuters) - Research In Motion is losing market share much faster than expected to rivals Apple and Google, amid mounting ... |
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Blackberry's UK service would be closed if orderedReuters - Avril Ormsby, Alison Williams - 16 Sep, 2011A Blackberry Torch 9860 is displayed at a release party to promote the BlackBerry OS 7 devices in Toronto August 3, 2011. LONDON (Reuters) - BlackBerry (RIM.TO) said on Thursday it would work with mobile operators to switch off its popular messenger ... |
Facebook, Twitter, BlackBerry chiefs quizzed by Parliament over riotsZDNet (blog) - Zack Whittaker - 16 Sep, 2011Summary: Over 3300 people were arrested, some charged and many jailed after the England riots in August. Facebook, Twitter and BlackBerry were called to parliament to give evidence. ... |
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RIM's Playbook and smartphone sales plummetInquirer - Kate O'Flaherty - 16 Sep, 2011By Kate O'Flaherty CANADIAN MOBILE MAKER Research in Motion (RIM) has seen its Playbook and smartphone sales plummet, the Blackberry maker's second quarter results have revealed. The firm shipped just 200000 Blackberry Playbooks in its second quarter, ... |
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