|Blackberry outage threatens troubled company||| Print ||
|Wednesday, October 12, 2011|
Research In Motion Ltd. saw its shares take a hit Wednesday morning as reports of a growing outage of its flagship BlackBerry service threaten what many perceive as one of the troubled company’s key remaining assets.
The multiday outage began Monday in several markets throughout Europe, Asia and South America. The company said the cause was a “core switch failure” within its network that was compounded by problems with a backup switch. The company put up a blog post Tuesday stating that it was working to “restore normal service as quickly as possible.”
The problem has now spread to North America, with reports of users in the U.S. and Canada experiencing connectivity issues. In a statement Wednesday morning, RIM said that “BlackBerry subscribers in the Americas may be experiencing intermittent service delays this morning. We are working to resolve the situation as quickly as possible and we apologize to our customers for any inconvenience.”
Shares of RIM were down about 1.8% in morning trades to $23.97.
While a multiday outage is rare for the company, analysts say the stock reaction will likely be muted by the fact that RIM has already suffered a severe collapse in its market value this year, as growing competition in the smartphone market has forced the company to lower sales estimates. The stock has lost about 60% of its value since the first of the year.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.