Home The Latest Blackberry outage threatens troubled company

Blackberry outage threatens troubled company

| Print |  Email
The Latest
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.

Read more from MarketWatch.

 

More Articles

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Semiconductor purgatory

News
Monday, October 06, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Intel's manufacturing way station; Merkley's attack dog; Diamond Foods gets into the innovation business.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS