Feeds

RIM share price nosedives following stinky numbers

PlayBook suffers fruity fondleslab smackdown

Top three mobile application threats

Research In Motion's share price crashed quite spectacularly in the first hour and a half that the market was open in New York, dropping 20 per cent off its price.

The BlackBerry and PlayBook maker's shares are now trading at $23.46, down from $29.40 at the previous day's close, after it announced that its profits had nearly halved in the second quarter of the year.

Jim Balsillie, co-CEO at RIM, said in a statement that shipments of BlackBerry phones were slightly below forecast because demand for older models had fallen and that sales of the company's tablets were well below forecast, as it sold just 200,000 compared to 500,000 in the previous quarter.

Just for comparison, Apple sold 9.25 million fondleslabs in its most recent quarter, meaning it sent out more tablets each day in a three-month period than RIM did in a whole three months (although their quarters start and end at different times).

The poor results and rapidly sinking share price have led to speculation that the PlayBook may soon go the way of the HP Touchpad, sacrificed on the slabby altar of the Jobsian cult. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.