RIM Service Outage, Down The Drain (RIMM)
If there is one company that just can’t catch a break it is Research-in-Motion Ltd. (NASDAQ: RIMM). News that the company is having a large service outage in North and South America is only reminding Blackberry addicts that perhaps they…
The company had previously blamed outages and interruptions in Europe, the Middle East, India and Africa on a failed switch and backup. The outage has been either no emails, or burst emails, and the WSJ has even noted some missing emails overnight.
Talk about a company that cannot catch a break. RIM shares are ‘only’ down 1.1% at $24.13 in the pre-market trading session.
How must it feel to have gone from the hottest smartphone in town to the industry whipping boy? It is sad to say, but it is almost impossible to deny: the Crackberry has become the Crapberry.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
