This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

BlackBerry Has More Problems, Delays Messaging App

Stocks in this article: BBRYGOOGAAPL

NEW YORK ( TheStreet) - Monday's announcement that Fairfax Financial Holdings Ltd. will pay $4.7 billion to beleaguered BlackBerry (BBRY)private, the Canadian communications company has to deal with yer another problem: the unauthorized released of a version of its upcoming BBM software for  Google's   (GOOG) Android and Apple (AAPL)iOS smartphones.

BlackBerry shares were losing 2.2% on that rather uncomfortable news, falling to $8.64 in New York trading.

According to a corporate blog posting an older, outdated version of the company's soon-to-be-released messaging application was posted on a number of Internet file sharing sites last week.

Andrew Bocking, Executive Vice President in charge of BBM at BlackBerry wrote the hijacked software "resulted in volumes of data traffic orders of magnitude higher than normal for each active user and impacted the system in abnormal ways." The company had planned on releasing the approved app last weekend but decided to delay the rollout until experts realized "we could not block users of the unreleased version if we went ahead with the launch".

Blackberry engineers attempted to fix the problem over the weekend but realized "but as active users of the unreleased app neared a million - and accelerated - it became clear that the only way to address the issue was to pause the rollout for both Android and iPhone.."

Bocking says the problem is a big one and a total block of the unreleased software will take time. The company is also in the process of bolstering its servers to handle any similar problems in the future.

No exact time frame for the approved software was disclosed.Earlier this year the BlackBerry officials had promised a summer release for the BBM app.

Written by Gary Krakow in New York.

To submit a news tip, send an email to: <a href=" mailto:tips@thestreet.com"> tips@thestreet.com</a>.

Gary Krakow is TheStreet's senior technology correspondent.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,826.34 +16.28 0.09%
S&P 500 2,067.57 +4.07 0.20%
NASDAQ 4,732.0410 +19.0710 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs