RIM beats estimates in Q3, but subscriber base shrinks

Research In Motion (RIMM) on Thursday posted its financial results for its fiscal third quarter, which ended on December 1st. Investor sentiment has been mixed leading up to the struggling vendor’s third-quarter report, with some analysts insisting there was still money to be made ahead of RIM’s BlackBerry 10 launch and others already counting the days until the company buckles. Wall Street’s consensus for fiscal Q3 2013 saw RIM posting a loss of $0.35 per share on $2.65 billion in revenue and RIM beat expectations on Thursday, recording a net loss of $114 million, or $0.22 per share, on $2.7 billion in sales. This marks RIM’s fourth consecutive quarterly loss as the company pins its hopes on BlackBerry 10, which will be unveiled during a press conference on January 30th.
[More from BGR: iPhone 5, iPad mini users report iOS 6.0.2 is a big drain on battery life]

As far as product shipments go, RIM shipped 6.9 million BlackBerry smartphones on the quarter and just over 250,000 BlackBerry Playbook tablets. The 6.9 million smartphone shipments represent an 51% year-over-year drop from the third quarter of 2011. Even more ominously for RIM, its subscriber base shrunk by 1 million users over the quarter, as the company now counts 79 million total subscribers.
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RIM beats estimates in Q3, reports revenues of $2.7 billion

Research In Motion (RIMM) on Thursday posted its financial results for its fiscal third quarter, which ended on December 1st. Investor sentiment has been mixed leading up to the struggling vendor’s third-quarter report, with some analysts insisting there was still money to be made ahead of RIM’s BlackBerry 10 launch and others already counting the days until the company buckles. Wall Street’s consensus for fiscal Q3 2013 saw RIM posting a loss of $0.35 per share on $2.65 billion in revenue and RIM beat expectations on Thursday, recording a loss of $0.22 per share on $2.7 billion in sales. This marks RIM’s fourth consecutive quarterly loss as the company pins its hopes on BlackBerry 10, which will be unveiled during a press conference on January 30th.
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RIM’s first BlackBerry 10 smartphone to be called the ‘Z10′

Research In Motion’s (RIMM) first BlackBerry 10 smartphone, formerly known as the L-Series and “London” will apparently be called the “BlackBerry Z10″ according to marketing materials obtained by UnwiredView. RIM’s QWERTY BlackBerry 10 device that’s slated for a release sometime between March and June will reportedly go by the name “BlackBerry X10.” As we inch closer to BlackBerry 10′s launch on January 30th in New York City, all eyes are on RIM to deliver a new smartphone and OS that finally catches up to iOS and Android. Most recently, RIM’s Dev Alpha B smartphone running BB10 was spotted crushing the iPhone 5 on iOS 6 and HTC (2498) Windows Phone 8X running Windows Phone 8 in a Web browser speed and rendering comparison test. All RIM needs to do now is deliver compelling hardware and apps to sway users who have long since abandoned BlackBerrys for iPhones and DROIDS.
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RIM shares jump after hours following results

U.S.-traded shares Research In Motion rallied in after-hours trading on Thursday after the BlackBerry maker posted a smaller-than-expected quarterly loss excluding one-time items.
The company's Nasdaq-listed shares were last up 8 percent at $15.25, extending a 3.6-percent gain in regular trading hours. They are also on track to close with a fourth straight month of gains.
The stock has more than doubled since the start of September, including a more than 46 percent gain in November, but was still negative for the year at the close on Thursday.
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RIM posts smaller than expected loss; shares surge

 Research In Motion reported a smaller-than-expected quarterly loss on Thursday and boosted its cash cushion, sending its shares soaring more than 7 percent.
But the struggling BlackBerry maker also recorded the first-ever decline in its subscriber base, barely a month before the crucial launch of the new BB10 smartphone line.
RIM reported a loss of $114 million or 22 cents a share, excluding one-time items. Analysts, on average, had forecast a loss of 35 cents a share, according to Thomson Reuters I/B/E/S.
RIM shares, which closed 3.6 percent higher at $14.12 on Thursday, rose 7.6 percent after the closing bell in the United States to $15.20, as investors cheered the surge in RIM's cash pile ahead of next month's launch of the new BB10 devices.
RIM built its cash cushion up to $2.9 billion in the quarter, from $2.3 billion in the prior period. RIM will need the funds to manufacture and promote its new line of products ahead of the January 30 launch.
The Waterloo, Ontario-based company hopes to reinvent itself and revive its fortunes with the BlackBerry 10. It also reported a surprise net profit in its fiscal third-quarter, reflecting a one-time tax gain from restructuring of its international operations.
In the period ended December 1, RIM reported net income of $9 million, or 2 cents a share. That compared with a year-ago profit of $265 million, or 51 cents.
RIM said its subscriber base fell to about 79 million in the quarter from about 80 million in the period ended September 1.
The decline is a disconcerting marker in the history of RIM, which virtually invented the concept of on-the-go email. In recent years, RIM's user base has grown, even as the BlackBerry lost ground in North America and Europe, boosted by gains in emerging markets.
The company, whose aging line of BlackBerry devices has lost ground to the likes of Apple Inc's iPhone and a slew of devices powered by Google Inc's Android operating system, said it shipped 6.9 million smartphones in the quarter.
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Taliban bomb kills nine including minister at Pakistan rally

PESHAWAR, Pakistan (Reuters) - Taliban Islamic militants bombed a political rally in Pakistan's northern city of Peshawar on Saturday, killing nine people including a provincial minister, officials said, the latest in a string of high-profile attacks.
The provincial minister for local government, Bashir Ahmad Bilour, died of his wounds at Lady Reading Hospital, the hospital's chief executive Arshad Javed said. Police official Ibrahim Khan said one policeman had been killed and several were among the 30 people injured.
Taliban spokesman Ihsanullah Ihsan claimed responsibility for the attack and said the insurgency would continue to target the Awami National Party, the largest political party in the northerly Khyber Pakhtunkwa province.
The bombing follows last week's attack on Peshawar airport, when nine people including five attackers died in a car bomb, rocket and gun attack.
This week, nine polio vaccinators were shot dead in the southern city of Karachi and in and around Peshawar.
The Taliban says it was not responsible for those killings, although Taliban commanders have repeatedly condemned the polio vaccination drive as a plot to spy on or sterilise Muslims.
Army officials told Reuters recently that Hakimullah Mehsud, the official leader of the Pakistani Taliban, had lost the trust of his fighters and surrendered operational control to his deputy, Wali-ur-Rehman - a claim denied by the Taliban.
It is not clear if the uptick in violence is connected to turmoil within the leadership.
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Abducted German aid worker seen alive in video

BERLIN (AP) — A German aid worker abducted in Pakistan 11 months ago was seen alive in a video broadcast Saturday urging authorities to fully meet his captors' demands, warning that otherwise they could kill him within days.
The undated video — probably recorded under duress by his captors — was broadcast Saturday by Pakistan's Dunya TV. The German Foreign Ministry in Berlin said it "knows the case" and is aware of the video. A duty spokeswoman declined to elaborate.
Aid organization German Agro Action declined to confirm whether the video indeed showed one of its two staffers abducted in the central Pakistan city of Multan in January. Spokeswoman Simone Pott only acknowledged "we know the video."
The aid worker, identifying himself in the video as 59-year-old Bernd Muehlenbeck, said he was captured by mujahedeen — a generic term for militant Islamic extremists — but didn't specify who they were or what their demands were.
In the message — whose content is likely to have been dictated by the captors — he said he was kidnapped "by mujahedeen because of the bad policies of the German government."
In January, gunmen seized the two foreign aid workers, Muehlenbeck and an Italian colleague, from just outside their office in Multan and bundled them into a car, according to Pakistan security officials. The men were working for a development project helping victims of the 2010 floods, the officials said.
Muehlenbeck did not name or explicitly mention his Italian colleague, but repeatedly used the plural when speaking about his situation.
He appealed to authorities not to attempt freeing them by force. "I would like to live and I would like to see back my family alive," he said, speaking in English with a slight German accent.
In the video lasting just less than a minute, Muehlenbeck is heard speaking calmly in front of a white wall, wearing glasses and a dark hoody.
He said he could be killed by his captors at any time. "We don't know when. Maybe today, maybe tomorrow, maybe in three days."
Pakistan, a poor predominantly Muslim nation of about 180 million, is struggling to fend off an insurgency fueled by Islamic extremists, many of whom are believed to hide in the lawless provinces bordering Afghanistan.
Kidnappings for ransom are common in Pakistan. Islamist militants have also abducted people. Several aid workers have been targeted over the past years.
This week saw a gruesome series of deadly attacks on Pakistanis working on a polio vaccination campaign. Six of the aid workers gunned down were women, three of whom were teenagers. Two other workers were critically wounded.
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Will he or won't he? Italy awaits Monti's decision

ROME (AP) — Italy's president dissolved parliament Saturday, setting the stage for general elections in February and leaving only one lingering question from Premier Mario Monti's 13-month term trying to fix Italy's troubled finances: whether he will run.
Monti will announce his decision Sunday, ending weeks of speculation and jockeying that have dominated Italy's political discourse and preoccupied much of Europe, which is eager to see Monti's financial reforms continue in the continent's third-largest economy.
With polls showing a Monti-led list would only garner about 15 percent of the vote, all signs indicated he would refrain from campaigning or even allowing his name to be used on a political ticket grouping a handful of small centrist parties.
"Monti leaning towards a 'no'," the Turin daily La Stampa headlined Sunday. "Monti pulls back on running," Corriere della Sera said on its front page.
Whether he might endorse a centrist movement is another matter.
"It's clear that Monti's candidacy would give authority to our political platform, but we'll respect his choices, whatever they may be," said Pier Ferdinando Casini, one of the centrist leaders who have been actively courting Monti in recent weeks.
Monti resigned Friday after ex-Premier Silvio Berlusconi's party withdrew its support from his technical government, forcing a crisis that brought a premature and chaotic end to the legislature's five-year term.
Monti was tapped by Italy's president to lead the country in late November 2011 after Berlusconi was forced to resign, having lost the confidence of international markets in his ability to save the country from a Greek-style debt crisis.
The respected economist and former European Union commissioner won back a degree of international credibility for the country through a series of tax hikes and fiscal reforms that were deeply unpopular at home. Italy's borrowing rates have come down significantly, thanks also to the European Central Bank's bond-buying program.
Monti's resignation set in motion a series of procedures that culminated with President Giorgio Napolitano signing a decree Saturday to dissolve parliament.
Polls indicate the center-left Democratic Party will win the vote, with the upstart populist movement of comic Bepe Grillo coming in second and Berlusconi's People of Freedom party coming in third.
Berlusconi's party has been in disarray ever since he resigned, with defections of top party leaders and chaos over whether the billionaire media mogul will run himself. He has flip-flopped several times about his intentions, with his latest that he would run but would step aside if Monti runs.
Berlusconi's party has also been discredited by a series of party funding scandals that have seen dozens of local politicians placed under investigation for allegedly misusing public funds for personal use. He also was convicted of tax fraud in October and is on trial on charges he paid for sex with an underage woman. He has denied the charges and is appealing the conviction. He also recently announced he was dating a woman nearly 50 years his junior.
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Reports: Rolling Stones guitarist Wood ties knot

LONDON (AP) — Two British newspapers say Rolling Stones guitarist Ronnie Wood has married his fiancee Sally Humphreys at a ceremony at London's Dorchester Hotel.
The Sun and the Daily Mirror carried photographs of the 65-year-old rocker with a pale boutonniere and a dark blue suit, and his 34-year-old bride in a traditional white gown and a clutch of matching white flowers.
The Sun quoted Wood as saying "I'm feeling great" as he and his bride kissed and posed for pictures outside the exclusive hotel in London's upscale Mayfair district.
The newspapers said the guests included singer Rod Stewart and his wife Penny Lancaster as well as ex-Beatle Paul McCartney and his wife Nancy Shevell.
A call and an email to Wood's U.S.-based agent weren't immediately returned Saturday.
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Deep emotions run beneath Russia's adoption ban

You usually can judge Vladimir Putin’s dislike of a reporter's question by the intensity of his expression. Such was the case this week at his annual news conference, when he greeted with a hard scowl the subject of pending Russian legislation that would ban Americans from adopting orphaned children. Mr. Putin unleashed invective on the fact that consular representatives aren’t allowed to visit adopted Russian children in the United States.
“I believe that is unacceptable. Do you think this is normal? How can it be normal when you are humiliated? Do you like it? Are you a sadomasochist or something? They shouldn’t humiliate our country,” he told reporters in Moscow.
As is often the case in Russia, there is the issue of what is going on versus what is really going on. And as is often the case in Russia, it’s complicated.
Recommended: Do you know anything about Russia? A quiz.
There is very little doubt as to the goal of the legislation, which passed its third and final reading in the lower house of parliament Friday and must still be signed by Putin. The bill is named after Dima Yakovlev, the toddler who died of heat stroke in 2007 after his adopted father forgot him in a locked car in Virginia for nine hours. The father, Miles Harrison, was acquitted of involuntary manslaughter in the death of Dima, whose adopted name was Chase. His acquittal in 2008 sparked banner newspaper headlines, incendiary TV news reports, and howls of outrage in Russia.
Lawmakers in the State Duma made it clear that today's legislation is a direct response to the US “Magnitsky Act,” a law designed to sanction a particular group of Russian officials connected to the death of a whistle-blowing lawyer in a Moscow prison.
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In other words, a law designed to punish people tied to a lawyer’s prison death has been answered with a law to prevent people from adopting orphaned children, many of whom have have developmental or other disabilities and will otherwise end up living much of their lives in orphanages that often resemble state mental hospitals of a bygone era.
Adoption is a searingly emotional issue for Russians, and one easily manipulated by the Kremlin. The institution of adoption is relatively uncommon in Russia, for cultural and other reasons. And judging by headlines in the Moscow tabloids, and the rhetoric of some state lawmakers, you’d think that Americans adopt Russian children to eat them.
Bolstering those who are suspicious of adoption is a smattering of abuse cases in Russian orphanages that have seized the public attention. In one notorious case, a nurse in a southern Russian children’s home was accused of taping pacifiers to the mouths of children to keep them from crying. And cases like that of Dima and of Artyem Savelyev, whose adoptive American mother sent the then-7-year-old boy home to Russia with a "to whom it may concern" note of rejection in 2010, give Russians fair reason for pause over foreign adoptions.
But for many Russians, the adoption of children by foreigners is a polite way of saying “foreigners are purchasing our children for export.” Some 60,000 Russian children have been adopted by Americans in the past two decades, and Russia trails only China and Ethiopia in popularity for Americans seeking to adopt foreign children, according to the US State Department.
Many also see it as ironic that Russia is being sanctioned for human rights violations by a country whose policies over the past decade have seared “Guantanamo” into the English language lexicon – an irony that Putin, who like many Russians has a nose for hypocrisy, clearly relished in pointing out.
“Not only are those prisoners detained without charge, they walk around shackled, like in the Middle Ages. They’ve legalized torture in their own country. Can you imagine if we had anything like this here? They would have eaten us alive a long time ago,” he said.
But regardless of the moralities involved, the fact of the matter is that there will be clear winners and losers from this ordeal.
The winners will be the middlemen, the orphanage directors, the bureaucrats, and the administrators all of whose signatures or stamps, essential to the adoption process, can yield a lucrative stream under-the-table revenues – revenues from well-meaning, would-be foreign parents with the means to pay thousands of dollars for the right to adopt a Russian orphan.
And the losers will be orphaned children who remain institutionalized. That was the point of US Ambassador Michael McFaul’s statement released Friday after the Duma vote: “The welfare of children is simply too important to be linked to others issues in our bilateral relationship.”
Foreign Minister Sergei Lavrov, a man not known for pulling his punches when it comes to US policy, has voiced his doubts, suggesting that more moderate voices might stop the bill's passage. Perhaps Putin, having made his point with his press conference performance and with the performance of the malleable State Duma, will relax his rhetoric and soften the bill to open the door to foreign adoptions again, thus portraying himself as doing the best for the children.
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