Research in Motion Considering Compensation to Network Operators Followi...

by FinancialNewsOnline on Oct 17, 2011

In a telephone interview with Bloomberg today, Research in Motion (NASDAQ:RIMM) Co-CEO Jim Balsillie said the company will consider offering compensation to network operators this week and will also offer a month of free technical support to companies and free online applications following the Blackberry service disruptions. The exact cause of the interruption in service is still under investigation.

Shares of Research in Motion are trading down 5.6% to $22.62 in afternoon trade on Monday. Research In Motion is currently below its 50-day moving average (MA) of $25.76 and below its 200-day MA of $43.30.

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