Posts Tagged ‘QNX’

Research In Motion pushing for sale to Samsung

Research In Motion is currently weighing every single option it can think of in an effort to reverse a negative trend that is approaching a boiling point for investors. Reports that RIM is currently in talks to license its software to other vendors are accurate according to our trusted sources, though we have been told that RIM is most likely leaning toward an outright sale of one or more divisions, or even the whole company. The front runner, we have been told by a trusted source with knowledge of the situation, is Samsung, which might be interested in RIM for a number of reasons.

One of the biggest assets RIM has is BlackBerry Messenger, and it would be a smart way for Samsung to differentiate itself inside the Android ecosystem. HTC has its Sense suite and it recently bought into Beats by Dr. Dre. Samsung could buy RIM, or a part of the company, and integrate not only BBM but also several other enterprise features into Android to make its devices an even bigger threat to competitors. This could also help Samsung better differentiate itself on the software and OS level, pulling more control into its hands and away from Google.

We have heard that Jim Balsillie is actively meeting with almost every company that might be interested in either a part or all of RIM, in addition to having talks about licensing. “Jim is going hard after Samsung,” said a source with knowledge of the negotiations. One of the reasons no deal has been struck, however, is that RIM’s co-CEOs are asking for way too much.

We have heard the company is looking for more than $10 billion for a full sale, likely somewhere in the $12 billion to $15 billion range, or between approximately $22.90 and $28.60 per share. RIM’s market capitalization currently sits at about $8.5 billion, though several analysts think that even $8.5 billion is more than an interested party would consider bidding at the moment.

Samsung declined to comment and a spokesperson for RIM did not immediately respond to a request for comment. It’s certainly an interesting time at Research In Motion, and we’ll have much more on RIM in the coming days.

UPDATE: In a statement provided to Reuters Wednesday evening, a Samsung spokesman said the company is not interested in an outright purchase of Research In Motion. The spokesman did not address reports that Samsung is considering licensing RIM’s software, however, or purchasing a portion of RIM’s assets.

Source

No BlackBerry 10 Until End of 2012

As you’re sure to know, things have been quite hard for RIM as of late. While they do still have a large dedicated customer base for their BlackBerry smartphones, competing entities like Apple’s iPhone and Google’s Android have been chipping away at the Canadian company’s market share on an increasing basis. Luckily, RIM has let us know that they do have tricks up their sleeve in the form of their QNX based platform powering devices like the BlackBerry PlayBook.

While we’ve known that the smartphone version of this platform won’t be dropping for quite some time, we didn’t know exactly how long it will take. Unfortunately, RIM’s Mike Lazaridis has just come forth to let us know that smartphones running BlackBerry 10 won’t be out until the end of 2012. Apparently, the problem focuses on chipsets needed to produce these phones not being available until this time period.

Will it be too late for RIM by then? Will Apple and Google already be too far ahead? We’ll have to wait and see.

Source

RIM reports Q2 earnings: Revenue and EPS both miss; phone and PlayBook shipments decline

Research In Motion on Thursday reported its earnings results for the fiscal second quarter. Revenue and EPS both missed estimates; the vendor reported revenue of $4.17 billion and earnings of $0.80 per share. RIM had previously forecast revenue of between $4.2 billion and $4.5 billion and earnings of between $0.75 and $1.05 per share for its August quarter, and Wall Street expected second-quarter revenue of $4.47 billion and EPS of $0.88. Net income in the second quarter totalled $329 million. RIM also had projected handset shipments to reach between 11 and 12.5 million units, but missed there as well — the company shipped only 10.6 million BlackBerry phones in its August quarter.

RIM still managed to push its subscriber base past 70 million for the first time, up 40% year-over-year. As for RIM’s QNX tablet, PlayBook shipments fell well below expectations; the company only shipped 200,000 units during the device’s first full quarter of availability, less than half of analysts’ expectations (700,000). RIM shipped 500,000 PlayBooks in its previous quarter. The company’s stock fell 11% immediately following its report. Full press release after the break. RIM’s full press release follows below. Read more

RIM’s QNX phones are going to be amazing

Things are changing in Waterloo. The summer is drawing to an end and Research In Motion is in the very early stages of the biggest BlackBerry device launch of the brand’s storied history. BlackBerry 7 smartphones — which include new Bold models, Curve models and Torch models — will be sold by more than 225 carriers around the world this year and into 2012. But RIM’s BlackBerry 7 device launch is also significant for another reason, of course: it is the end of an era.

The BlackBerry smartphones launching across the globe right now will be the final batch to feature RIM’s BlackBerry software as we know it today. Late to the party though it may be, RIM’s top management has finally come to realize that its competition as long-since passed it by. Apple owns smartphone profits, Google owns smartphone market share, and RIM has seen its handset business decline in several key regions quarter after quarter. How did the tide turn so quickly? The explanation is beyond simple: RIM, like Nokia and Microsoft, grew complacent and sat idle while younger, hungrier companies revolutionized the smartphone industry. And now these companies must start anew.

Nokia and Microsoft have joined forces in their effort to regain market share and mind share from Apple and Google, leaving RIM to take its journey alone. This is not an unfamiliar position for the company, however. What started as a small VC-funded firm that launched the Inter@ctive Pager in 1998 to combat SkyTel would later go on to help shape the smartphone industry. But technology grows exponentially and RIM did not, so here we sit today.


Analysts and pundits are mixed when it comes to RIM’s chances moving forward. Some believe Google and Apple have built a lead that is insurmountable in the near term, and RIM will continue to stagger until a sale is forced. Others believe RIM’s BlackBerry 7 device roll-out coupled with the vendor’s continued success in numerous international markets will hold the company steady while it prepares the first wave of QNX smartphones that will right RIM’s ship. I once found myself somewhere in between these two camps, but I’m now leaning toward the latter.

BGR Editor-in-chief Jonathan Geller reviewed the BlackBerry Bold 9900 earlier this month, and he found the hardware to be a breath of fresh air while RIM’s stale software left much to be desired. Of course, regardless of where the tide takes him, Geller will always have a soft spot for BlackBerry devices and as such, I really didn’t get to spend much time with our early unit since he wouldn’t let it out of his sight. T-Mobile sent us a Bold 9900 recently, however, and I’ve been using it since the device arrived. My thoughts on the 9900 align closely with Geller’s, so there’s no need to review the phone again. But I did want to cover one aspect of the new Bold because I think it may have bigger implications than many believe.

n a recent feature, I called the BlackBerry PlayBook my favorite tablet and explained how well it is suited for my personal use. Beyond that, however, I also said how much I like the PlayBook hardware. While most seem to prefer the rock hard aluminum case on Apple’s iPad, I really enjoy the soft-touch rubberized plastic RIM used on the PlayBook. The device is very solid, save for the Playskool power button up top, and weight distribution is perfect.

And now, we have the Bold 9900. As someone who handles a ridiculous number of phones — and who apparently may never have children as a result — I feel perfectly comfortable calling the Bold 9900 is one of the most gorgeous pieces of smartphone hardware I have ever seen. Falling short of Apple’s iPhone 4 perhaps only due to the grease-magnet carbon fiber-look plastic inlay at the center of the battery cover, the Bold 9900 is fantastic. Forget about the creaking, plasticky BlackBerry smartphones of old; this is a new chapter in RIM handsets. The smooth face surrounded by a brushed metal bezel is luxurious, the soft-touch rubberized areas on the back feel perfect in the hands, and the keyboard is absolutely unrivaled. But the most important takeaway from RIM’s Bold 9900 is this: RIM has changed.

As simple as it sounds, this is a big confidence booster for me. RIM finds itself where it is today thanks largely to the company’s inability to adapt to a changing market. The company was late with 3G phones because it didn’t want to compromise battery life. Meanwhile, 3G smartphones became commonplace and rendered 2G devices slow and painful to use. RIM was late with touchscreens because rebuilding its operating system for touch input was a daunting task to say the least. Of course while RIM was resisting, touch devices swept the market and now we may never again see a flagship smartphone without a touchscreen.

RIM’s previous high-end phones have been fantastic engineering feats, but the quality of RIM’s hardware was never on par with the likes of HTC or Apple. The Bold 9900 is a completely different story.

When I envision a device with the Bold 9900′s build quality, RIM’s fresh new QNX-based operating system and an the ever-expanding Android application ecosystem available via RIM’s Android app player, I really like RIM’s chances. Add on competitive entry-level QNX phones to pick up where RIM’s new Curves left off, and the tide may very well turn sooner than we think for RIM.

Source: BGR.com

Report claims a rushed BlackBerry Colt could launch in 2011

Despite Research In Motion’s largest-ever global launch currently underway with BlackBerry 7 phones, RIM may be rushing to get its first QNX-powered smartphone out the door ahead of schedule. Dutch website Tweakers.net cites anonymous sources in claiming RIM is aiming to launch the BlackBerry Colt later this year instead of in the first quarter of 2012 as expected. BGR exclusively revealed the BlackBerry Colt as RIM’s first QNX device earlier this month, and we said internal prototypes of the phone currently feature a single-core processor.

Our source also suggested that future Colt owners would require a new version of BES as the device will be incompatible with current versions of RIM’s enterprise system. Tweakers.net reaffirmed our report that the Colt’s chipset only sports one core, and the site pegs its clock speed at 1.2GHz. The report also claims that the QNX phone will feature a 4.3-inch touchscreen with what should be RIM’s highest-ever smartphone display resolution. No other new details were provided in the report, and little else is known at this time.

Primecap doubles RIM stake in vote of confidence

Pasedena, California-based investment management firm Primecap Management Co. recently doubled its investment in BlackBerry vendor Research In Motion. According to a recent regulatory filing, Primecap now owns 26.4 million shares of RIM stock valued at about $577 million as of Monday’s close, and the stake represents approximately 5% of RIM’s total outstanding shares.

According to Bloomberg, Primecap’s stake at the end of the second quarter of this year was approximately 2.5%. As numerous analysts continue to cut their price targets on RIM stock, Primecap’s continued investment could represent a vote of confidence in RIM’s new BlackBerry 7 phones and its future QNX phones as well, which are due to begin launching in the first quarter of 2012.

Did RIM lose its BlackBerry software boss just ahead of QNX transition?

BGR has learned that Research In Motion’s head of BlackBerry software may have left the company. Suresh Periyalwar, Senior Vice President of Handheld Software, had been with RIM since April 2001 when he joined as Director of Software Development. He came to the company from Nortel, where he managed CDMA-related development for more than five years. Periyalwar was promoted to SVP at RIM three years ago in May 2008 according to his LinkedIn profile, which still has him listed as a RIM employee. BGR has also learned from a trusted source that several additional key executives have been planning to leave on their own accord. (more

RIM’s stock is down more than 60% from its 12-month high of $70.54, and there is a great deal of unrest at the company’s headquarters in Waterloo, Ontario. BGR exclusively published an open letter from an anonymous senior executive at RIM late last month, which pleaded for the company’s top management to make several strategic changes in order to regain momentum and mind share in the smartphone market. A later expose, also published by BGR, painted a troubling picture of the smartphone vendor that once revolutionized the industry.

If Periyalwar did in fact leave the company as multiple sources have informed BGR, it might not bode well for RIM’s next-generation smartphones. The departure of RIM’s SVP of Handheld Software just ahead of the company’s transition to QNX could imply that the executive did not have confidence in RIM’s brand new platform. On the other hand, Periyalwar may have been pushed out in favor of fresh leadership in its software division ahead of the company’s QNX smartphone launches. RIM declined to confirm or deny the executive’s departure when reached for comment by BGR. Periyalwar could not be reached for comment.

Source: BGR

BlackBerry PlayBook becomes first tablet approved for U.S. government use

Research In Motion on Thursday announced that its BlackBerry PlayBook tablet has become the first tablet device to be certified for use by the U.S. government. The company’s slate has received FIPS 140-2 certification according to RIM, and it is currently the only media tablet to have been awarded this certification from the National Institute of Standards and Technology at this point. FIPS certification is required in order for a device to be considered for use by the U.S. government. “RIM is pleased to announce that the BlackBerry PlayBook is the first tablet approved under FIPS for use within the U.S. federal government,” said RIM’s Senior Vice President of Security Scott Totzke in a statement.

“This certification demonstrates our continued commitment to meeting the needs of security-conscious organizations and enables the U.S. federal government to buy with confidence knowing that the PlayBook meets their computing policy requirements for protecting sensitive information.” RIM’s full press release follows below.

BlackBerry PlayBook Becomes First Tablet Certified for U.S. Government

BlackBerry PlayBook Wins ‘Best in Show’ Award at FOSE 2011

Waterloo, ON – Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) announced today that it has received FIPS 140-2 certification for the new BlackBerry® PlayBook™ tablet, making the BlackBerry PlayBook the first tablet certified for deployment within U.S. federal government agencies. No other tablet on the market has gained FIPS (Federal Information Processing Standard) certification from the National Institute of Standards and Technology (NIST), which is required under the Federal Information Security Management Act of 2002 (FISMA).

“RIM is pleased to announce that the BlackBerry PlayBook is the first tablet approved under FIPS for use within the U.S. federal government,” said Scott Totzke, Senior Vice President, BlackBerry Security at Research In Motion. “This certification demonstrates our continued commitment to meeting the needs of security-conscious organizations and enables the U.S. federal government to buy with confidence knowing that the PlayBook meets their computing policy requirements for protecting sensitive information.”

BlackBerry PlayBook is a powerful, ultra-portable tablet that fits comfortably in one hand. It has a stunning 7-inch high resolution display, offers true multi-tasking capabilities and a high-fidelity web experience. It also allows for secure pairing with BlackBerry® smartphones via the BlackBerry® Bridge™ app, which enables users to access their BlackBerry smartphone’s email, calendar, address book, memo pad, task list, BBM™ (BlackBerry® Messenger) and browsing functionality using the larger display on the tablet.

The FIPS-certified BlackBerry PlayBook tablet is being showcased this week in Washington DC at FOSE – the largest Federal government information technology conference in the U.S. – where BlackBerry PlayBook has just been awarded Best in Show, and also Best of FOSE in the Handheld Devices category.

Source: BGR.com

RIM to discontinue Wi-Fi BlackBerry PlayBook?

In a note to investors Monday afternoon, RBC Capital Markets Managing Director Mike Abramsky reiterated an OTR Global report that Research In Motion is possibly planning to stop production of the current Wi-Fi BlackBerry PlayBook model. The Wi-Fi version of the BlackBerry tablet is the only version Research In Motion sells for the time being.

The reasons for the discontinuation of the Wi-Fi edition, Abramsky states, could be related to a pullback in production, a move that would align channel inventory with slower than expected sell-through, in addition to RIM focusing on upcoming PlayBook versions with cellular connectivity.

RIM’s sixth-largest investor to dump its entire stake

Following RIM’s first-quarter earnings release on Thursday, the company’s sixth-biggest investor confirmed that it is giving up on the Waterloo, Ontario-based BlackBerry maker. “They are resting on their laurels,” said Stephen Jarislowsky, chairman of Jarislowsky Fraser Ltd., on Friday in an interview with Bloomberg. “Steve Jobs is a much better marketer than RIM,” Jarislowsky added. ”We are on the way out.

The stake has been reduced by more than 50% or even more.” As of the end of the first quarter, Jarislowsky Fraser Ltd. owned 10.2 million shares of RIM stock. Earlier on Friday, RBC Capital Markets said RIM still has some fight left in it. Sadly for RIM in this instance, it looks like not everyone agrees.

Return top