Wednesday, March 4th4.8°C
25405
22746

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




Recent Trending




Today's Market
S&P TSX15082.84-51.01
S&P CDNX698.09-4.21
DJIA18096.90-106.47
Nasdaq4967.142-12.76
S&P 5002098.53-9.25
CDN Dollar0.8050+0.0044
Gold1198.00-6.00
Oil53.31+0.81
Lumber289.30-5.10
Natural Gas2.777+0.065

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.18+0.005
Metalex Ventures0.04-0.005
Russel Metals24.95-0.26
Copper Mountain Mining1.24-0.01
Colorado Resources0.13-0.005
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225+0.01

 



24353

FEATURED Property
21435401250 Toovey Road
4 bedrooms 3 baths
$454,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25107