BlackBerry's ex co-CEO Jim Balsillie has sold off his remaining stock in BlackBerry. Last march, his stake was valued at $385 million, though it might be worth less now. BlackBerry's stock price took a slight dip after the news surfaced, but all in all, this could very easily be a good thing. Without any material say in what goes on in the company, BlackBerry is free to continue its...
There was a story published by Reuters today talking about a former AT&T executive who has pleaded guilty to conspiracy to commit wire and securities fraud. Alnoor Ebrahim, 57, apparently got himself involved in a highly enticing and all-too-common illegal practice over the last few years. Besides poor ethics, this boils down to heavy use of expert networks by hedge funds, and...
Today RIM released a business update in the form of a press release. CEO Thorsten Heins does a nice job of providing the straight-up goods without a lot of filler. There were a few bullet points about how successful BlackBerry World was, and some positives on developer engagement. That's the sugar coating. The rest of the news just shows us how tough business is on RIM. First, and...
As we saw earlier today RIM may have another inventory write down when they report their earnings later next month. This afternoon trading of RIM stock has been halted, which is a sure sign of big news as well. As noted in the release below, RIM has hired J.P. Morgan Securities and RBC Capital Markets to help with "strategic review" and "opportunities to leverage the BlackBerry...
Everyone knows RIM stock has been beat up lately. Completely FUBAR. It's to the point where I'm regularly fielding emails from folks asking me about it. And in Skyping with Kevin recently, he's seeing the exact same thing. So this post is all about the stock. The first thing I want to make absolutely sure people (mostly newbies) understand is that RIM isn't "cheap" just because...
Myself, not being much of stock watcher -- I always find it interesting sometimes to see what causes stock in companies to go up and down. The latest rumors surrounding RIM are that Vodafone may possibly have an interest in a RIM buyout and while the rumor itself is debatable, the more interesting thing here is the effect it appears to of have had on RIMM. Research In Motion stock...
If you like to keep a close eye on your investments, what better way than by using your BlackBerry? BerryBlowApps has developed a great app just for this, called Stocks+. With Stocks+ you can display your stocks on your home screen. As the application updates in the background, the stock information on your wallpaper changes, so you always have up-to-date information right in front of...
Today, CNBC launched a new professional level BlackBerry application, CNBC Pro. It is designed for investors around the world and offers a comprehensive suite of servies. Its choc-full of CNBC goodies like market data, live CNBC archive, analytics and much more. Key CNBC Pro Features include: Real Time global market data from 100+ exchanges Live CNBC TV & VOD Archive- Watch CNBC...
As of today Saudi Arabia had officially blocked data service to all BlackBerry devices, but it seems that after only 4 hours service has been restored. Details are still sketchy at the moment, but earlier today it was noted that users were only able to make and receive calls and not use any BlackBerry data service. Due to these events and facing bans in other countries, RIM stock has...
Turn your BlackBerry into a virtual stock broker with these amazing apps for Stocks and Investments!! Not too long ago, we’ve covered some of the best BlackBerry applications that are designed to help you manage your bank accounts. You can find them in the CrackBerry Guide to banking on your BlackBerry. Obviously, we know that your financial concerns don’t stop there-your money can...