RIM’s new CEO Thorsten Heins, who joined RIM in 2007 and previously served as a chief operating officer, said during a conference call that he would hone the current strategy rather than abandon it. “I don’t think that there is some drastic change needed. We are evolving … but this is not a seismic change,” Heins said. RIM’s U.S.-traded shares tumbled as investors wondered whether Heins could reverse the BlackBerry maker’s decline, closing the day down 8.5 percent.
RIM is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, The National Post newspaper said, a change that could meet a key demand from angry and disillusioned investors. The Post’s sources said Barbara Stymiest, currently an independent member of RIM’s board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. RIM shares jumped more than 7 percent on the news. But some analysts doubted Stymiest, if named to the chairmanship, would actually assume the transformational role that activist shareholders are calling for.
Research In Motion, still smarting over having to change the name of its yet-to-come operating system, faces a similar trademark challenge to its popular instant-messaging service BlackBerry Messenger. The service, which allows BlackBerry users to send each other text and multimedia files and see when they are delivered and read, is widely known and even promoted by RIM via the shorthand BBM. That has proven an encumbrance to BBM Canada, which measures radio and television audience data and expects its day in a Federal Court against RIM by February.
Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.
Verizon Wireless plans to pay $3.6 billion for wireless airwaves from a venture of cable companies Comcast, Time Warner Cable and Bright House Networks. Comcast said that the deal represented a 64 percent premium over the $2.2 billion price the cable consortium paid in 2006 for the wireless spectrum being sold to Verizon Wireless.
Phone makers RIM and Nokia denied installing on their mobile devices an app which can monitor what users are doing without their knowledge or consent while carriers AT&T and Sprint admitted to using it. The companies responded after a security researcher demonstrated in online videos how the “Carrier IQ” software worked on Google’s Android operating system and said that phones running RIM’s BlackBerry platform and Nokia’s Symbian OS also had the software installed. AT&T and Sprint said they use “Carrier IQ” to monitor network quality.
Three hackers said they had exploited a vulnerability in Research In Motion’s PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker’s hard-won reputation for security. The hackers plan to release their data within a week as a tool called DingleBerry. In a response to queries, RIM said it is investigating the claim, and if a jailbreak is confirmed will release a patch to plug the hole. The PlayBook runs on a different operating system than RIM’s current BlackBerry smartphones. However, the QNX system will be incorporated into its smartphones starting next year. The PlayBook in July became the first tablet device to win a security certification approving it for U.S. government use.