VoIP Now: RIM's Profit Cup Overflows But Balsillie Doesn't Get Penguins

December 22, 2006

RIM's Profit Cup Overflows But Balsillie Doesn't Get Penguins

RIM, who recently sued Samsung over their Blackjack phone name, had an overflowing Q3 2006, taking in just over US$800M, a near 50% increase from Q3 2005. This meant nearly $180M in profit and almost $1 per share. Part of this increase is due in part to the over 800K new BlackBerry subscribers, mostly from North America, probably thanks to their Pearl camera phone. European interest has not been as strong, though the Pearl is now offered by 20 mobile carriers there.

Now as much money as CEO and billionaire Jim Balsillie probably will make due to the lovely quarter, he doesn't have what he really wanted: the Pittsburgh Penguins. NHL hockey commissioner Gary Bettman wouldn't allow the team to be moved, even though former player and majority owner Mario Lemieux has said the team will possibly be seeking relocation outside of Pennsylvania state. However, depending on what article you read, people still interested in the team include Pittsburgh native and motormouth Dallas Maverick's owner Mark Cuban, Canadian owner of Steelback brewery Frank D'Angelo, and even Jim Balsillie himself, who is reconsidering now that the Penguin's new stadium deal fell through. (They've got the oldest rink in the league, at 45 years.)

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December 22, 2006 in Business, PDAs, Phones | Permalink