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Research In Motion vs. BlackBerry - Which name is better?

News & Rumors

Goodbye RIMM, Hello BBRY! - Research In Motion ticker change happens Monday, February 4th

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Research In Motion rebranded to BlackBerry

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Highlights from the opening of RIM's Tech Centers in Brazil

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The Mobile Shop joins the growing list of Canadian retailers offering BlackBerry 10 preorders

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UK fans go hands on with BlackBerry 10 - The BlackBerry Elite Program gets an explosive start

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RIM still pushing BlackBerry 7 as two new promo videos hit the web

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RIM takes BlackBerry 10 development to new heights - quite literally

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Canada's first NFC print ad appears in Connected magazine

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RIM adds 4G patents to InterDigital agreement

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RIM pays initial sum of $65 million to Nokia in patent settlement

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Addressing CrackBerry Nation comments and questions about Research In Motion's BlackBerry service revenue

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RIM CEO: 'We are very very confident in BlackBerry 10'

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RIM teams up with Esquire Magazine in the Philippines

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Nokia and RIM settle differences, enter into new patent license agreement

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RIM and others buy up patents from failing Kodak

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New York Times DealBook conference attendees get the full hands on experience with BlackBerry 10

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RIM to hold another 36 hour virtual 'Got Game Port-A-Thon' this weekend - Devs, get your coffee and Red Bull ready!

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RIM takes charge using social media - Pulls top honors in S&P/TSX 60 Index for October

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RIM opens BlackBerry Tech Center in Brazil

RIM: Great at Devices. Bad at Math.

By Kevin Hill on 5 Mar 2007 10:34 am EST
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jim balsillie under fireResearch in Motion announced this morning that it misstated past earnings to the tune of a quarter billion dollars, which resulted in the resignation of Chairman Jim Balsillie and a significant shake up at the company.

Research in Motion, the maker of the Blackberry mobile phone and email device, said on Monday it would have to restate earnings figures since 2004 and lower them by $250m after an internal review found errors in its stock options accounting.

And the fall out is pretty big. Jim Balsillie will resign as chairman of the company, although he will stay on as co-chief executive with Michael Laziridis. Dennis Kavelman, chief financial officer, will become chief operating officer. Both men were implicated by the review as having had control of the stock options granting process.

As a result of the announcement the stocks took a tumble this morning, which probably isn’t good news for the stock market either. RIM stocks were down nearly four percent on Monday morning trading.

What is it with Canadian companies and their accounting controls? Nortel, the telcom giant, has been off by the odd few hundred million in earning reports a couple of times too.

We at Crackberry.com still love you Jim.

Read the full story here. 

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