Wednesday, December 17th1.0°C
24563
23791

RIM stock jumps in Friday trading

Shares in Research In Motion bounced back Friday after U.K.-based carrier Vodaphone experienced technical problems that disrupted BlackBerry service to customers in Europe, Africa and the Middle East.

Shares were up almost 10 per cent, or $1.16, to $12.95 in afternoon trading on the Toronto Stock Exchange.

Earlier Friday, shares in Research In Motion (TSX:RIM) traded at a low of $11.48. The stock has traded between $6.10 and $18.23 over the past year.

Vodaphone PLC said the issue was caused by a router error and that service was being restored.

"We apologize to customers for any inconvenience caused and we will provide updates as necessary," Vodaphone said in an emailed statement.

RIM said it was working with Vodaphone to resolve the issue.

"All BlackBerry services are operating normally, but we are aware that a wider Vodafone service issue is impacting some of our BlackBerry customers in Europe, Middle East and Africa," RIM said.

The disruption, while relatively minor in terms of the BlackBerry global subscriber base, came as RIM works to improve its image and launch the BlackBerry 10 generation of smartphones.

The Waterloo, Ont., smartphone maker has had several outages in the last couple of years, including one in October 2011 that knocked out service for millions of users.

RIM hasn't disclosed when the BlackBerry 10 smartphones will hit shelves or how much they will cost, but is scheduled to unveil the new devices on Jan. 30 in New York.

The BlackBerry 10 is seen as a make-or-break product for Research In Motion, which has lost significant market share to Apple's iPhone and devices using the Android operating system, particularly smartphones and tablets from Samsung.

The Canadian Press


Read more Business News

23762


Recent Trending




Today's Market
S&P TSX14213.88+352.36
S&P CDNX659.00+16.65
DJIA17356.87288.00
Nasdaq4644.312+96.477
S&P 5002012.89+40.15
CDN Dollar0.8589+0.0002
Gold1189.70-4.6001
Oil56.35-0.12
Lumber337.20+3.00
Natural Gas3.686-0.016

 
Okanagan Companies
Pacific Safety0.125+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27+0.04
Cantex0.03-0.005
Anavex Life Sciences0.1659-0.0241
Metalex Ventures0.05-0.005
Russel Metals27.18+1.03
Copper Mountain Mining1.54+0.11
Colorado Resources0.105-0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
24130




FEATURED Property
20735461796 Birkdale Avenue
5 bedrooms 4 baths
$1,039,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...


Housing prices to skyrocket?

As most of you know, this column was started with a focus on Okanagan real estate. Over time, more and more columnists started covering the real estate sphere and so it morphed in to a personal colum...

_








Member of BC Press Council


24409