at the Financial Post, columnist David Berman writes about the influence Research in Motion has on the S&P/ TSX index. He puts it in perspective:
RIM's stock alone accounts for about 270 points of the index's rise this year, representing about 20% of the index's total gains. That is more than twice the impact of Alcan Inc. on the index and about four times the impact of Bell Canada Inc. (formerly known as BCE Inc.), both of which have soared because of takeovers. Recently, the Waterloo, Ont.-based maker of the BlackBerry has managed to overcome most of its legal troubles and the company's rise seems unstoppable. Of course there's a dark side to the BlackBerry.
Stories about 'the CrackBerry' or drivers who text and drive are nothing new but in a recent Vancouver Sun story the RCMP are warning that BlackBerrys are now the gadget of choice for criminals.
The e-mail device's security features even make it difficult for authorities to track and trace illicit activity:
"The BlackBerry [server] was created with corporate data security in mind," states the RCMP report, obtained by The Vancouver Sun through the Access to Information Act. "Until recently, this system was only affordable by companies such as Telus, CIBC, and the like; they are now more affordable and it is easy for individuals to set up a network." Even worse, cheaper BlackBerrys also mean that even low-level criminals are using the devices to communicate with one another.
Just thought this was interesting.