Friday, December 21, 2007

RIM Doubles Profit, Revenue -

More depressing news for Palm...

BlackBerry maker Research In Motion Ltd., showing its popular device is moving beyond purely business customers, reported strong third-quarter earnings fueled by rapid consumer growth during the lead-up to the holiday season.

The Waterloo, Ontario, equipment maker and wireless email provider said net income surged to $370.5 million, or 65 cents a share, from $175.2 million, or 31 cents a share, in the year-earlier quarter. Revenue doubled to $1.67 billion.

RIM Doubles Profit, Revenue -

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