Saturday, May 23rd20.9°C
26424
25998

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

26416


Recent Trending




Today's Market
S&P TSX15200.76-2.85
S&P CDNX703.48+2.97
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8142-0.0053
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.885-0.064

 
Okanagan Companies
Pacific Safety0.13-0.01
Knighthawk0.010.00
QHR Technologies Inc1.48+0.03
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.09+0.01
Russel Metals25.79-0.03
Copper Mountain Mining1.38-0.03
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



26401

FEATURED Property
227104255 610 Katherine Road
3 bedrooms 2 baths
$224,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



26418

26418


Member of BC Press Council


25690