BlackBerry stock soars after tablet demoOctober 27th, 2010 - 8:30 am ICT by IANS
By Gurmukh Singh
Toronto, Oct 27 (IANS) BlackBerry stock soared more than six percent Tuesday after a demonstration of its just-unveiled PlayBook tablet Monday.
After hovering under $50 for some time, RIM stock rose almost 6.2 percent to close at $56.17 on the Toronto Stock Exchange (TSE) Tuesday.
But the stock is still almost one-third of its peak of $150 reached in June 2008. It has dropped about 23 percent this year alone.
RIM had unveiled the PlayBook last month to take on Apple’s iPad.
But to differentiate its tablet from the iPad because of its use of Adobe Flash to handle video content, RIM co-CEO Mike Lazaridis demonstrated the PlayBook at a software developers’ conference in Los Angeles Monday. Apple’s iPad doesn’t run Adobe Flash.
“We are providing a professional experience, something we are all used to on our desktops and laptops, in a small very powerful tablet format,” Lazaridis said in a video of the demonstration which is now posted on YouTube.
“We are not trying to dumb down the internet for a small mobile device. What we are trying to do is bring up the performance of the mobile device to the internet,” the BlackBerry co-CEO added.
RIM was forced to demonstrate the tablet after Apple boss Steve Jobs last week dismissed it as “too small”. The PlayBook measures seven inches against the 9.7-inch iPad.
“The 10-inch screen size is the minimum required to have great tablet apps. We don’t think you can make a great tablet with a seven-inch screen. We think it’s too small to express the software that people want to put onthese things,” Steve Jobs had said.
Giving thumbs-up to the BlackBerry tablet, Adobe senior vice president David Wadhwani said Monday: “The close collaboration between RIM and the Adobe (AIR team) has achieved an implementation which we expect to be the first to include high performance optimisations for tablet devices.”
“This, combined with great tooling integration and full Flash Player 10.1 support, makes the BlackBerry PlayBook an outstanding platform for more than three million Flash developers.”
The Playbook will hit the market early next year.
(Gurmukh Singh can be contacted at email@example.com)
- BlackBerry unveils PlayBook tablet to take on iPad - Sep 28, 2010
- BlackBerry to sell tablet below $500 to undercut iPad sales - Nov 11, 2010
- BlackBerry denies reports on PlayBook battery life - Dec 31, 2010
- BlackBerry tablet called 'half baked' product - Apr 15, 2011
- BlackBerry partners Sprint as tablet market soars - Jan 07, 2011
- BlackBerry fires salvo at Apple, rubbishes iPad in online video - Nov 17, 2010
- BlackBerry tablet will be a winner: Market analysts - Jan 11, 2011
- BlackBerry boss hits out at Apple's Steve Jobs - Oct 21, 2010
- Apple's new iPad today to kick off tablet war - Mar 02, 2011
- BlackBerry stock slips as tablet gets lukewarm response - Apr 20, 2011
- Not stopping PlayBook tablet, says BlackBerry - Jul 19, 2011
- PlayBook recall pushes BlackBerry stock to a new low - May 17, 2011
- After Apple, Dell and Samsung pose challenges to BlackBerry - Nov 12, 2010
- Rumours of 'BlackBerry Cyclone' to take on Apple TV - Jul 16, 2011
- Seven new BlackBerries to be unveiled soon - Jul 13, 2011
Tags: blackberry, demonstration, desktops, flash player 10, gurmukh, ipad, mike lazaridis, mobile device, professional experience, rim, senior vice president, software developers conference, steve jobs, stock soars, toronto stock exchange, tse, vice president david, video content, wadhwani, youtube