8°c Overcast
5°c Variable cloudiness
Winnipeg Free Press - PRINT EDITION
PlayBook won't be scrapped, RIM asserts
MONTREAL -- Research In Motion said Thursday its PlayBook computer tablet will stay on the market and dismissed as "pure fiction" speculation the tablet will be discontinued.
Shares in the BlackBerry maker closed down 70 cents, or about three per cent, to $21.97 on the Toronto Stock Exchange after a report the company could shut down PlayBook production.
"RIM doesn't typically comment on rumours, but any suggestion that the BlackBerry PlayBook is being discontinued is pure fiction," the Waterloo, Ont., tech company said in a statement.
"RIM remains highly committed to the tablet market."
An analyst's report suggested RIM (TSX:RIM) had stopped production of the tablet and was considering exiting that market after a staff reduction at a factory where the PlayBook is made.
RIM has sold fewer than one million PlayBooks since the tablet made its debut last April. The company sold only about 200,000 PlayBooks in its most recent financial quarter, less than half of what analysts had expected and fewer than the company anticipated.
RIM has said it's preparing to roll out an updated version of the PlayBook's operating system, which includes the BlackBerry email system for the tablet, at a conference in mid-October.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition September 30, 2011 B11
More Business
- Back to Top
- Return to Business
Poll
Proudly brought to you by:
Most Popular Business
- Forest fire forces closure of gold mine in Timmins area
- RIM stock falls as BlackBerry maker's global sales head quits
- Jets boost TSN Radio, CJOB takes hit
- Proud to be a tortoise: Great-West takes it slow and steady
- City seen as ideal rail hub for Canada, Mexico trade
- Astral sale OK'd, CEO pay nixed
- 50 highest-paid CEOs in AP survey
- Touch of Paris in crepe eatery on Esplanade
- Compensation due in shaky Facebook IPO, source says
- Canadian dollar moves lower for eighth session, commodity prices advance
- Manitoba gets first female land surveyor
- Big week for Facebook's Zuckerberg: From IPO opening bells to wedding bells
- Tempers flare on CP picket line on McPhillips Street
- Committee pitches 9-6 Sunday shopping
- Investment fraudster gets 10 years
- Forest fire forces closure of gold mine in Timmins area
- Canadian Pacific workers give 72 hour strike notice as negotiations continue
- Jets boost TSN Radio, CJOB takes hit
- New crepe eatery to be unveiled for Esplanade
- Manitoba Movers
- Boston Pizza franchise mushrooming locally
- Hecla resort finally gets offer
- Manitoba gets first female land surveyor
- Major CWB layoffs underway
- Big week for Facebook's Zuckerberg: From IPO opening bells to wedding bells
- WestJet eyes new routes, seat plans
- No such thing as a bad job, Flaherty tells picky unemployed workers
- Canadian credit card system of fees 'perverse,' raises prices: Competition Bureau
- What happens if Greece leaves the euro zone?
- Ford's outbursts tarnishing Toronto's image, experts warn in wake of latest feud
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- CRTC awards licence for new Calgary FM radio station, The PEAK
- Catalyst Paper says it did not get enough approval for restructuring plan
- Royal Caribbean sending 2 cruise liners to China, says they will be Asia's largest
- Proud to be a tortoise: Great-West takes it slow and steady
- Rush of ageism to beat new law
- Cost of federal payouts hits $2B
- New EI rules take aim at frequent users, force workers to accept lower pay
- Dorel foresees juvenile sales growth opportunities from Target arrival in Canada
- Jet engine maker Pratt & Whitney cuts 300 US jobs, citing business conditions
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- Avoid merger mess Include HR professionals in preparing for change
- Manitoba gets first female land surveyor
- Catalyst Paper says it did not get enough approval for restructuring plan
- Women honoured at awards dinner
- Long haul 'family' Every employee is a spoke in the wheel at Bison Transport
- Snowbirds, Americans living in Canada read on...
- Walmart Canada to slash prices further to take on discount competition
- Manitoba Movers
- Toronto investment company buys three blocks for $100M
- Loss is New Flyer's gain
- Empty inside
- Major CWB layoffs underway
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- Snowbirds, Americans living in Canada read on...
- James E. Marker, inventor of Cheezies, dies in Belleville, Ont., at age 90
- Pershing Square gaining ground in Canadian Pacific proxy battle, poll suggests
- Hecla resort finally gets offer
- Avoid merger mess Include HR professionals in preparing for change
- Manitoba gets first female land surveyor
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010; View the changes. New to commenting? Check out our Frequently Asked Questions.