• 12 stories CANADIAN ICON

2 years ago
21 percent plunge in BlackBerry stock

Toronto, June 18 - In the biggest one-day fall in its fortunes Friday, the BlackBerry company Research In Motion - plunged about 21 percent - or more than $7 per share - after Thursday's poor quarterly results. The stock of the iconic wireless giant closed at $27.24 - the lowest in five years - after RIM posted much lower-than-expected net income of $695 million as compared to $934 million ...

2 years ago
Bombardier posts $220-million profit, BlackBerry sinks

Toronto, June 2 - Canadian icon Bombardier Wednesday posted $220 million profit for the first quarter even as the global rail and corporate aviation leader also announced a new $665-million oder by Sweden to buy 10 C-series jets. It is the first major order for the Montreal-based Bombardier after a $446-million order by India's SpiceJet in December to buy 15 turboprop aircraft. SpiceJet is ...

3 years ago
PlayBook for those who want to work and play

Toronto, April 18 - Despite the so-so reviews it received before its launch Tuesday, the BlackBerry tablet leaves Apple's iPad miles behind in multitasking, say the experts. Its powerful QNX operating system - called Neutrino - allows the PlayBook to perform multitasking at amazing speed, according to experts.Thus, PlayBook users need not stop one application to start up another. They can ...

3 years ago
BlackBerry stock jumps 5.4 percent as investors return

Toronto, Dec 1 - Aggressive market posturing by the BlackBerry maker Research In Motion - after its recent tit-for-tat salvos with Apple seems to have fired the company's fortunes in the stock market. RIM shares shot up 5.40 percent on the Toronto Stock Exchange Tuesday to close at $63.25. After sinking below $50 and languishing at those levels for weeks, RIM stock has picked up after repor...

3 years ago
BlackBerry fires salvo at Apple, rubbishes iPad in online video

Toronto, Nov 17 - Even before it launches its PlayBook early next year, BlackBerry maker Research In Motion - Tuesday formally joined the high-stakes battle with Apple for the new tablet market. In an online video, the Canadian wireless giant further raised its war of words with Apple by showing how its PlayBook dwarfs the iPad for just about every application. The PlayBook, which wa...

3 years ago
After Apple, Dell and Samsung pose challenges to BlackBerry

Toronto, Nov 12 - Though BlackBerry maker Research In Motion -, based at Waterloo near here, has not commented on the development, Dell's decision to take nearly 25,000 of its employees off BlackBerry smart phones is another bad news for the Canadian icon. The Texas-based computer and IT giant, which has over 100,000 employees around the world, has reportedly decided to give its employees i...

3 years ago
BlackBerry to sell tablet below $500 to undercut iPad sales

Toronto, Nov 11 - With co-CEO Jim Balsillie Wednesday announcing that the company's PlayBook tablet will be priced under $500, shares of BlackBerry maker Research In Motion - soared on the Toronto Stock Exchange and Wall Street. RIM unveiled the PlayBook tablet in September to take on Apple's iPad. It will hit the market early next year. The price announcement sent RIM stock up 5.68 ...

3 years ago
Morgan Stanley downgrades BlackBerry maker RIM

Toronto, Aug 21 - With its BlackBerry smart phone facing ban in India and other countries for security concerns, its new Torch 9800 device getting lukewarm response and its market share and stock falling, ratings of Research In Motion - to 'sell' were lowerded by Morgan Stanley Friday. From a high of about $150 in June 2008, RIM stock has plunged more than 60 percent now. It further slipped...

3 years ago
BlackBerry faces stormy AGM as Apple, Google mount pressure

Toronto, July 13 - With Apple's iPhone and Google's Android-driven devices fast cutting into its supremacy in the global smartphone market, BlackBerry maker Research In Motion - faces a stormy annual meeting Tuesday. Based at Waterloo near here, the RIM's BlackBerry still holds about 41 percent share of the smartphone platform, followed by Apple's iPhone 24.4 percent , Microsoft's Windows ...

4 years ago
Google's Android outsells iPhone, threatens BlackBerry

Toronto, May 11 - Though the Canadian icon BlackBerry continues to maintain its lead in the US smart phone market, handsets with Google's Android operating system may upset it soon, says a report released Monday. In fact, the devices with the Google operating system have left Apple's iPhone behind in the first quarterly sales, says the report. Prepared by the NPD Group, the US consu...

4 years ago
iPhone set to surpass BlackBerry in mobile market

Toronto, March 6 - Apple's iPhone is set to overtake Research In Motion's BlackBerry in the global smart phone market by next year, according to Forbes online. Currently, BlackBerry enjoys about three percent of the world's mobile phone market, while Apple's has about two percent share of the market. But BlackBerry's lead over iPhone is shrinking and Apple will overtake RIM by early next ye...

4 years ago
Nortel may now sell off its patents

Toronto, Feb 12 - Nortel, under liquidation to pay off its debtors, Thursday hinted at selling its huge inventory of 4,000 patents related to cutting-edge, next-generation wire technology. The 125-year-old Canadian icon, which was once the world's top telecom equipment maker, has been selling its various businesses to pay off its debtors since June last year. The Toronto-based company had f...

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