Source: http://feedproxy.google.com/~r/TheBoyGeniusReport/~3/5hx6sEAETpw/
Sunday, October 16, 2011
BlackBerry outage could cost RIM $100 million
Research In Motion’s recent BlackBerry outage�was�the worst in the company’s history, leaving�BlackBerry users in the Middle East, Europe, parts of South America, Canada, Africa and the United States without service for a total of three days. This major outage could cost the Canadian vendor more than $100 million, Financial Post reported on Friday. The costs include refunds RIM may have to issue carriers for monthly fees it collects for each BlackBerry user. “Given a large portion of global traffic looks potentially affected we believe that a 5% impact to service fee revenue is plausible though likely worse case,” JPMorgan Chase analyst Rod Hall said. Read on for more. Scotia Capital analyst Gus Papageorgiou estimated that lost revenues could be in
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