RIM Being Investigated for Securities Fraud
A law firm today announced that it is investigating statements made by Research In Motion between December 16, 2010 and April 28, 2011 that it believes may have misled investors. The firm of Holzer Holzer & Fistel allege that RIM made "materially false and misleading" statements regarding its operations, and also that RIM "knew but failed to adequately disclose that it was experiencing problems associated with an aging product line which were negatively impacting RIM’s business and margins." The law firm is attempting to determine if RIM defrauded investors. RIM's line of BlackBerry devices has not been significantly since 2010.
BlackBerry Cutting More Jobs, Including Device Team
BlackBerry announced another round of job cuts on Friday, this time affecting those behind making the company's smartphones and mobile applications. BlackBerry did not say how many employees will lose their jobs, nor in which facilities, but said the cuts will reach its operations across the globe.
AT&T Customer Data Accessed in Security Breach
AT&T recently confirmed that a third-party contractor violated its security protocols and accessed customer data, including Social Security numbers and call records. The breach occurred between April 9 and April 21, but was only revealed by AT&T this week.
Samsung Looks to Redefine Corporate Culture
Samsung hopes changing its rigid corporate culture will help it perform better as a business. The company believes emulating the behavior of startups can make it a more nimble firm, able to respond swiftly to opportunities.
Blu Phones Among Those Impacted By Hidden Backdoor
Kryptowire, a security research firm, says millions of phones made by Chinese companies, including Blu, include a secret backdoor that send owner text messages to a server in China. The backdoor also records location data, reports the contents of messages, and identifies the recipients of those messages.
E-Label Act Passage Means Fewer Stickers on Phones
President Obama signed the E-Label Act into law on Wednesday, which will give phone and other device makers the ability to label their hardware electronically rather than with stickers or graphics. By law, devices such as phones require labels from the FCC and other organizations proving the can be sold in the U.S.
Who did they think they were fooling?
That is all.