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RIM Being Eyed by Other Companies as An Acquisition Target

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With all of the financial troubles Research in Motion is currently swimming in, it is expected that other companies would begin hovering around the troubled company in the hopes that they can get a bargain out of it when they make their acquisition offers. With RIM’s very dismal first quarter earnings for this year, other companies have smelled the vulnerability of RIM. Rumors are now going around about corporate entities that are potentially interested in the company or its parts. [Read more…]

Originally posted on August 10, 2012 @ 10:30 pm

RIM To Release a 4G PlayBook

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I love writing news about Research in Motion and the BlackBerry. I’m not really a fan of the company or their product but we all know that RIM has been going through some really tough times lately. Most people think they’re already out for the count but the company keeps chugging along. I admire the company’s tenaciousness and maybe a part of me is hoping they’ll arrive at some kind of formula that would make them bounce back. Okay, not back to the heights that it once enjoyed because that is really asking for a lot, but for it to at least give a good enough fight and still slug it out with Android, iOS and Windows. [Read more…]

Originally posted on August 2, 2012 @ 10:37 pm

New York Times Blackberry App Discontinued

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The New York Times developed an app that for accessing New York Times content on various devices. But this week, the publication announced that it was going to stop supporting the New York Times app for BlackBerry devices. The reason? There aren’t enough users who use their app.

The decision to stop operating the app is because there are not enough users of the app. It’s not because the New York Times is unpopular. In fact, its apps for Android and the iOS are doing quite well. The anemic usage is attributed to only a few BlackBerry users who are going to the BlackBerry App World and downloading it. [Read more…]

Originally posted on July 26, 2012 @ 8:36 pm

RIM To Cut 5,000 Jobs, Shows Poor Fiscal Performance

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Research in Motion’s troubles look like it’s not going to ever let up. The BlackBerry maker has released details about its first quarter 2012 financial report and it just shows the extent of the bad situation the company is in right now.

First off, the company posted a loss of $0.37 per share on its total worth of $2.8 billion – a 33 percent drop from the $4.2 billion in revenues it posted in the quarter before it. The net loss RIM suffered was pegged at $518 million just for the quarter. To make a bad situation even worse, the company has announced that it will be cutting 5,000 more jobs as one of its strategies to try and save $1 billion. [Read more…]

Originally posted on June 28, 2012 @ 10:01 pm

RIM to Discontinue 16GB Playbook

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Research in Motion doesn’t seem like its getting any kind of break in such a long time. The troubled company, makers of the once enterprise level smartphone of choice BlackBerry, has announced that it will stop making the 16GB BlackBerry Playbook, the company’s entry into the tablet market.

RIM has clarified it will not abandon the tablet market and that it continues to be committed to the 32GB and 64GB models of the BlackBerry Playbook, which will still be available from RIM’s distributors and retailers worldwide. [Read more…]

Originally posted on June 11, 2012 @ 1:07 pm