Editor’s Note: Related tickers: Research In Motion Ltd (NASDAQ:BBRY), Google Inc (NASDAQ:GOOG)
Claim that UK government accessed data on BlackBerry devices could devastate the struggling firm (TheNextWeb)
The huge controversy over the US government’s PRISM program has barely bitten the dust, and now it’s blowing over to the UK and entangling struggling phone maker Research In Motion Ltd (NASDAQ:BBRY), threatening to cause severe damage to the company’s reputation. A report has surfaced alleging that the UK Government Communications Headquarters managed to penetrate the security on delegates’ Research In Motion Ltd (NASDAQ:BBRY) smartphones while hosting foreign politicians and officials during two Group of 20 summit meetings in London in 2009. The Guardian report says according to “top secret” documents uncovered by the NSA whistleblower Edward Snowden, email messages and phone calls were monitored.
2nd Circ. Asked to Reboot BlackBerry Shareholder Suit (Law360)
A Research In Motion Ltd (NASDAQ:BBRY) investor Thursday urged the Second Circuit to revive a securities fraud class action over a string of failed products, saying a lower court gave executives at the Research In Motion Ltd (NASDAQ:BBRY)-maker too much leeway when reviewing their statements to investors. Lead plaintiff Robert Shemian filed an appeal with the Second Circuit on Thursday, seeking to overturn in full a March ruling by U.S. District Judge Richard J. Sullivan dismissing the class action with prejudice. Shemian says Judge Sullivan improperly gave Research In Motion Ltd (NASDAQ:BBRY) the benefit of the…
BlackBerry handsets to support latest Android apps (MSN)
The update to Research In Motion Ltd (NASDAQ:BBRY)’s operating system (10.2), which is expected to roll out to handsets before the end of this year, doesn’t mean that once installed, users will be able to log on to Google Inc (NASDAQ:GOOG)’s Google Play app store and start downloading the latest titles, but it does mean that the thousands of developers who currently make apps optimized for the latest Android devices – such as the Samsung Galaxy SIV and HTC One, will be able to ‘port’ their latest creations directly over to the BlackBerry app store with little or no extra work. BlackBerry is currently getting ready to push out its first BB10 operating system update (10.1) to the BlackBerry community which will bring High Dynamic Range (HDR) features…
Strong BlackBerry (BBRY) Sales Markedly Improve Supplier Visibility (StreetInsider)
Research In Motion Ltd (NASDAQ:BBRY) is indicated for a higher open Monday following news that sales are helping supplier visibility extend out further. Digitimes noted today that shipments of BlackBerry’s BB10 devices are holding firm at about one million units per month. Sales have helped suppliers to look out two to three quarters, versus a prior time frame of just one month when orders were much more light. Sources also said that Research In Motion Ltd (NASDAQ:BBRY) will release about three to four new smartphone models in second-half of 2013. The Q5 is rumored to be launched in July as BlackBerry looks to target the endtry-level market. The device will be equipped with a 3.1-inch touchscreen, QWERTY keyboard, and dual-core processor, among other features.
