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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Technology
Thursday, September 11, 2008
Microsoft and RIM to Launch Live Search for BlackBerry Smartphones
Comtex
SEATTLE, WASHINGTON AND WATERLOO, ONTARIO, Sep 11, 2008 (MARKET WIRE via COMTEX) ----Microsoft Corp. (NASDAQ: MSFT) and Research In Motion (RIM) (NASDAQ: RIMM)(TSX: RIM) today announced they are working together to integrate rich Live Search capabilities into the BlackBerry(R) Browser and BlackBerry(R) Maps.
BlackBerry smartphone users will be able to use Microsoft Live Search as their search engine of choice within the BlackBerry(R) Browser as well as access Live Search on Mobile.BlackBerry.com. Live Search will leverage the wireless data optimization capabilities of the BlackBerry(R) solution to deliver results quickly while users are on the go. BlackBerry smartphone customers will also be able to use Live Search to perform contextual, location-sensitive searches or look for nearby points of interest from inside BlackBerry Maps.(i)
"As the BlackBerry platform continues to evolve and broaden its appeal to mobile users, RIM looks to answer our customers' needs with a broad range of high-value solutions optimized for use with BlackBerry smartphones," said Mark Guibert, Vice President, Corporate Marketing at Research In Motion. "Offering Live Search on BlackBerry smartphones extends choice for our customers and allows users to conveniently and quickly search the Internet when they are mobile."
"This joint endeavor with RIM is a strategic indicator of our increased focus on securing broad-scale distribution for Live Search," said Brian Arbogast, corporate vice president of the Mobile Services organization at Microsoft, "Microsoft is committed to extending our services across mobile platforms and we are very pleased to be joining forces with RIM to help bring Live Search to millions of BlackBerry users worldwide."
Live Search on BlackBerry smartphones will allow BlackBerry smartphone users to search the Web's information-whether they're looking for the latest weather forecasts, images, stock quotes, restaurants, news headlines, or websites.
Today's announcement follows an agreement earlier this year to provide Microsoft Windows Live services on BlackBerry smartphones. As a result of this collaboration, BlackBerry smartphone customers now enjoy easy mobile access to Windows Live Messenger and an enhanced level of integration between Windows Live Hotmail and the BlackBerry platform.
Live Search for BlackBerry Smartphones is expected to be available later this year with support for multiple languages.
About Microsoft
Founded in 1975, Microsoft (NASDAQ: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry(R) wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (NASDAQ: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.
(i) Specific feature availability will vary depending on geographic market.
Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to Research In Motion Limited. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, without limitation, possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, the initiation or outcome of litigation, acts or potential acts of terrorism, international conflicts, significant fluctuations of quarterly operating results, changes in Canadian and foreign laws and regulations, continued acceptance of RIM's products, increased levels of competition, technological changes and the successful development of new products, dependence on third-party networks to provide services, dependence on intellectual property rights, and other risks and factors detailed from time to time in RIM's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. RIM has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. RIM assumes no obligations or liability and makes no representation, warranty, endorsement or guarantee in relation to any aspect of any third party products or services.
Contacts: Media Contacts: Brodeur for RIM Marisa Conway (212) 515-1924 Email: mconway@brodeur.com Microsoft PR Contact: Rapid Response Team, Waggener Edstrom Worldwide (503) 443-7070 Email: rrt@waggeneredstrom.com Investor Contact: RIM Investor Relations (519) 888-7465 Email: investor_relations@rim.com
SOURCE: Research In Motion and Microsoft
mailto:mconway@brodeur.com mailto:rrt@waggeneredstrom.com mailto:investor_relations@rim.com
Copyright 2008 Market Wire, All rights reserved.
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