Willing ignorance of today’s gold crash and merger news might be necessary for the stressed investor. Worthy replacement reading material comes in the form of a story from Michigan.
According to The Inquirer a judge was forced to fine himself after his Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) Blackberry malfunctioned in the court room.
There is both good and bad news in this story for Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB). The silver lining comes in the form of proof that somebody is indeed buying the companies recently released smart phones. The Judge, Raymond Voet, said that the phone probably went off because of an overly sensitive touch screen.
According to the story, the Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) smart phone began speaking to the judge while he was on the bench. The judge, who admits that he does not accept any excuses from those appearing in or observing the court room, fined himself the recommended $25 for his infringement.
That means the phone is more than likely the Z10, or the Q10, though that model is not yet available in the United States. Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) investors have been worried about the prospects of those models after a rocky start to sales of the smart phones.
Today’s story proves that at least some Americans are in fact purchasing the Z10, and they are in the more affluent demographic that Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) tends to aim for. The supposed malfunction may be common to all modes of smart phones, but those others aren’t in the news today.
Though it’s unlikely to have anything to do with this particular story, Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) shares were up by just more than 0.5 percent on today’s market. The company is bucking today’s trend. The NASDAQ as a whole is down by 1.7 percent at time of writing as problems in the commodity markets and Chinese economic data discourages investors.
Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) is going to have a tough time for at least the next year. The firm has lots of options going forward, and the enterprise market still looks like it could be a winner for the company.
Judges opting for the firm’s smart phone will probably be better served by turning their phones off completely, rather than putting them on silent.
