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RIM is going through a rough patch

Troubles on several fronts
Wed Apr 04 2012, 17:08

CANADIAN SMARTPHONE MAKER Research In Motion (RIM) is going through tough times at the moment.

Last week it was at the centre of confusion over whether it would desert its consumer market, and this week it faces a patent lawsuit and the difficult situation of seeing its name mentioned in association with knife crime.

After RIM's co-CEOs stepped down last year and it reported devastating fourth quarter financial results admitting a loss of $125m, the Canadian smartphone maker confused customers regarding its decision to stay in the consumer market. It seemed to announce last Friday that it was pulling out of the consumer smartphone market, then maintained later that day that such reports were "misleading".

Capping RIM's woes, a party held last night to promote its BBM messenger service came to a sudden end when a guest was stabbed in the neck with a broken bottle. The attendee, believed to be a man in his 30s, is thought to have been attacked at about midnight. He is said to be in serious condition.

The news of the stabbing is yet another blow in the recent flurry of negative press for the company, including reports that Dutch semiconductor company NXP has filed a patent lawsuit against it in US District Court in Florida.

According to Reuters, the NXP complaint claims that RIM's Blackberry phone and Playbook tablet infringe patents related to design and data transmission.

The news has sent RIM's share price tumbling. µ


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