Monday, January 23, 2006

Business Update

Two discouraging business news reports this morning:

Canada has a fourth case of mad cow disease. Just when the U.S. and Japan were starting to accept our exports again.
The cow was discovered in Alberta. No jokes about other phenomena that come out of Alberta, please, he's going to be our Prime Minister whether you like it or not, and it will definitely not be all bad especially if it's a minority.

Bad news too for Research in Motion, the maker of the popular Blackberry. The U.S. Supreme Court has refused to hear an appeal by RIM in an ongoing patent dispute. It doesn't end the story but it is a setback, especially if the service is shut down in the U.S. pending resolution of this dispute. People who use these things become very dependent on them, it seems. The news is just as bad for stockholders of the company and if you think you're not one, but you own some mutual funds, you could well have some RIM in there.
I don't think it will be another Nortel - eventually this will be settled and the stock may well shoot way up - but it's way too risky for my taste.

Happy voting, if you're in Canada!

No comments: