RIM Falls as BlackBerry Service Disrupted in Europe
RIM continues to experience problems:
RIM Falls as BlackBerry Service Disrupted in Europe
Quote:
Research In Motion Ltd. (RIMM)’s BlackBerry customers in parts of Europe suffered a service disruption on the same day as
Apple Inc. (AAPL) introduced a new iPhone, the second time that’s happened in two years.
RIM is struggling with slumping sales as users switch to devices from
Samsung Electronics Co. (005930) and Apple, which began selling its iPhone 5 in stores globally today. A similar BlackBerry outage last year as Apple debuted the iPhone 4S lasted for at least three days and compelled then co-Chief Executive Officer
Mike Lazaridis to make a public video apology.
RIM CEO Thorsten Heins apologized for the disruption in a
message on the company’s website today. As many as 6 percent of RIM’s more than 78 million BlackBerry subscribers may have been affected, though the disruption didn’t last more than three hours, he said. RIM will do a full technical analysis to determine the cause, Heins said.
RIM dropped 6.5 percent to $6.46 at the close in New York, the most since June 29. The stock has tumbled 96 percent from its 2008 peak and 70 percent in the past 12 months.
There are rumors that Microsoft, Samsung or FaceBook might have an interest in buying RIM. Just rumors, mind you. But which of these three companies do you think would best be able to turn this struggling company around?
