RIMM is the NASDAQ stock symbol for Research In Motion Ltd., maker of the popular BlackBerry wireless devices. The company designs, manufactures and markets telecommunications products, and provides platforms and applications for e-mail, voice, data and the internet.
On June 18, 2009, RIM announced their first quarter results, posting a $3.42 billion revenue, up 53% from the first quarter one year earlier. The company also reported a subscriber base of 28.5 million people.http://www.marketwatch.com/story/research-in-motion-reports-first-quarter-results-200961816630
Key Dates
- 1984: Company founded in Waterloo, Ontario by Mike Lazaridis
- 1995: Receives institutional funding
- 1998: Introduces first BlackBerry device
- 2001: Sues competitor, Glenayre Electronics, for patent infringement
- 2002: Sues Good Technology