Winfrey's Armstrong interview seen by 3.2 million


NEW YORK (AP) — Oprah Winfrey's interview with Lance Armstrong is more than an illustration of a hero athlete tumbling from the heights. It's also a pivotal moment for a famous media figure trying to climb the ladder back up.


Winfrey's OWN network is showing signs of life after a rocky start, and the Armstrong interview offered a chance for many more viewers to check it out. The former Tour de France cyclist admitted to cheating with performance enhancing drugs throughout his career during the first half of the interview Thursday night.


That program was seen by a total of 4.3 million viewers in Thursday's back-to-back airings, OWN said Friday. But it drew only 3.2 million viewers in its first airing, an audience that fell short of OWN's most-viewed telecast: an interview Winfrey conducted with the Whitney Houston family last March following the singer's death the previous month.


The second half of the Armstrong interview is to air Friday night.


The interview "showcases the No. 1 asset this network has over everybody else — and that's Oprah Winfrey," said Erik Logan, co-president of the network with Sheri Solata. It also showcased about everything else; OWN relentlessly advertised its programming on just about every commercial break.


Winfrey, who hosts "Oprah's Master Class," ''Oprah's Life Class" and a weekly interview show on OWN, attended a real-life television management class over the past three years. The network launch at the dawn of 2011 came during the last season of Winfrey's popular syndicated show, and that proved to be a major strategic error.


The daily talk show gave Winfrey's fans their Oprah jolt, and they had little reason to watch the Oprah Winfrey Network. Winfrey wasn't much of a presence there, anyway. She was concentrating on making sure her syndicated show went out with a flourish.


OWN flailed for direction with little-noticed celebrity reality shows featuring the Judds and Ryan and Tatum O'Neal. A Rosie O'Donnell talk show was an expensive flop.


Discovery Communications, which sunk a reported $250 million into OWN, told Winfrey she needed to be more involved with OWN, on and off screen. In July 2011, she became CEO as well as chairwoman of OWN, replacing Christina Norman.


"The initial expectations for this network turned out to be unrealistic," said Brad Adgate, an analyst for Horizon Media. "Oprah wasn't on camera. The shows weren't all that good. The network got raked over the coals. People thought the network would be doing a million viewers (on average) and it's doing a third of that."


The Discovery networks save money by sharing services, yet OWN had set up its own fiefdom. That ended. Discovery brought in its executives to take over legal and business affairs, and OWN laid off one-fifth of its staff last March. To the outside world it looked like a sinking ship, while to Discovery the ship was being righted.


"We were always a lot more confident internally than it looked externally," said David Leavy, chief communications officer for Discovery.


Like all cable networks, OWN has a dual revenue stream with advertising income as well as payments from cable and satellite operators to carry it on their systems. In its early days, OWN was operating on fees negotiated for its predecessor network, Discovery Health. Now much larger fees negotiated specifically for OWN are kicking in, many of them at the first of this year. Discovery says OWN will turn profitable this year.


A network still needs viewers to sustain itself, and there are some signs of life there, too. OWN's prime-time audience averaged 310,000 in 2012, up 30 percent from 2011, the Nielsen company said. Isolate the last three months of each year and the increase is 61 percent, even more among the target of middle-aged women.


OWN is carving out a small niche where it hadn't expected.


The Saturday night lineup of "Welcome to Sweety Pie's," about former Ike and Tina Turner backup singer Robbie Montgomery's soul food restaurant that she operates with her family, and "Iyanla: Fix My Life," an advice show with inspirational speaker Iyanla Vanzant, represent the most successful non-Oprah shows. Another new program, "Six Little McGhees, which follows the life of an Ohio couple with sextuplets, is also on the Saturday lineup.


The shows have drawn an audience of African-American women put off by more youth-focused programming on networks like BET. OWN's audience is roughly one-third black.


OWN recently reached a deal to develop scripted programming with Tyler Perry, the creative force behind movies like "Madea's Family Reunion" and the TBS series "Tyler Perry's House of Payne."


Winfrey was known for attracting stars and confessions on her syndicated show — remember Tom Cruise's couch jump? And even before landing the Armstrong interview, Winfrey has delivered the goods as an interviewer on her Sunday night show, "Oprah's Next Chapter."


Her talk with David Letterman that aired earlier this month was one of the most remarkable interviews the reticent CBS host has ever given. Besides last year's interview with the Whitney Houston family, high-rated episodes of "Oprah's Next Chapter" have featured Rihanna, Usher, Pastor Joel Osteen, the Kardashians and Steven Tyler.


The Armstrong interview aired before the usual Sunday night time slot partly because it was considered newsworthy enough to rush, but also because Winfrey had scheduled and promoted a talk with Drew Barrymore for Sunday.


Considering many viewers still have to search to find the network on their cable system, that's a particularly strong lineup for OWN. She's more competitive with the much bigger broadcast networks than could have rightly been considered.


The impact of the Armstrong interview won't be known for a while, Logan said. Winfrey has called it the biggest interview of her career and it has already drawn more attention to OWN's content than anything else so far. Removing the stench of failure in itself would be a big step.


The interview could also help OWN reach the 20 million or so cable and satellite subscribers across the country that currently don't have it on their systems, Adgate said.


"They'll be calling their cable operators and saying, 'How come I'm not getting this?'" he said.


___


Television Writer Frazier Moore in New York contributed to this report.


___


EDITOR'S NOTE — David Bauder can be reached at dbauder(at)ap.org or on Twitter(at)dbauder.


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Flu Season ‘Worse Than Average,’ Officials Say





This year’s flu season is shaping up to be “worse than average and particularly bad for the elderly,” Dr. Thomas R. Frieden, the nation’s top federal disease-control official, said Friday.




But the season appears to have peaked, added Dr. Frieden, the director of the Centers for Disease Control and Prevention, with new cases declining over most of the nation except for the far West.


Spot shortages of flu vaccine and flu-fighting medicine are occurring, but that reflects uneven distribution, not a supply crisis, federal officials said. They urged people seeking flu shots to consult flu.gov and doctors to check preventinfluenza.org for suppliers.


Vaccine-makers will ultimately be able to deliver 145 million doses, 10 million more than projected earlier, the officials said. The Food and Drug Administration has allowed the maker of Tamiflu to release 2 million doses it had in storage.


The older Tamiflu is perfectly good, said Dr. Margaret A. Hamburg, the commissioner of the F.D.A., who joined Dr. Frieden on a telephone news conference. “It’s not outdated, it just has older labeling,” she said. “Repackaging it would take weeks,” she added, so her agency told the company not to bother.


Weekly recorded deaths from flu and pneumonia are still rising, and are well above the “epidemic” curve for the first time. But how severe a season ultimately proves depends on how long high weekly death rates persists. Flu deaths often aren’t recorded until March or April, well after new infections taper off.


Dr. Frieden said the season appeared to resemble the “moderately severe” season of 2003-2004, which also had an early start and was dominated by an H3N2 strain. In such seasons, 90 percent of all deaths occur among those over 65. Flu hospitalization rates are “quite high” now, Dr. Frieden said, and most of those hospitalized are elderly.


Last year’s flu season was unusually mild. At the end of the season last year, 34 children had died.


So far this year, the C.D.C.'s count of pediatric flu deaths, which includes premature infants and teenagers up to age 17 — has risen to 29, although this is acknowledged to be an undercount as it is only of lab-confirmed influenza cases reported to the agency.


Henry L. Niman, a flu-watcher who follows state death registries and news reports, counts about 40 pediatric deaths so far and predicted that the total would ultimately be close to the 153 of the 2003-04 season, but much less than in the 2009-2010 “swine flu” pandemic, when 282 children died. That flu was a strain never seen before and many more children caught it. The elderly had surprising resistance to getting it, presumably because similar flus that circulated 40 or more years ago had given them some immunity. But among those elderly who did catch it, the death rates were high.


Dr. Frieden suggested that the elderly avoid contact with sick children. “Having a grandparent baby-sit a sick child may not be a good idea,” he said.


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Wall Street clocks third straight week of gains









NEW YORK—





Better earnings from General Electric and Morgan Stanley helped the stock market inch higher Friday, as major indexes closed out their third straight week of gains.

GE led the 30 stocks in the Dow Jones industrial average after the conglomerate reported stronger quarterly earnings, thanks to orders from Brazil, Angola and other developing countries. Profits increased at all seven of its industrial segments, including oil and gas, energy management, aviation and transportation. GE climbed 74 cents to $22.04.

The Dow gained 53.68 points to end at 13,649.70.

The Standard & Poor's 500 index rose 5.04 points to 1,485.98, while the Nasdaq composite fell 1.30 points to 3,134.70.

Even though investors had plenty of news to digest, trading was largely quiet. “Earnings always matter,” said Rex Macey, the chief investment officer of Wilmington Trust Investment Advisors in Atlanta. “But just because we're in the middle of earnings season doesn't mean we're going to get huge market moves.”

This earnings season is off to a good start so far. Of the 67 companies in the S&P 500 that have reported, 43 have trumped analysts' estimates.

Solid results this week from JPMorgan Chase and others, along with encouraging news on housing and employment, pushed the S&P 500 index to its latest five-year high.

Morgan Stanley's earnings surged across its many business lines, as more companies hired the investment bank to help it raise money and line up mergers. Morgan Stanley gained 8 percent, rising $1.63 to $22.38.

Intel, the world's biggest chipmaker, said late Thursday that fourth-quarter net income fell 27 percent. A growing preference for smartphones and tablets, instead of personal computers and laptops powered by Intel chips, have made investors wary of the company's stock. It lost $1.43 to $21.25.

Norwegian Cruise Line soared 30 percent in its first day of trading, the top performance of the three companies making their public debut on Friday. Five companies raised a total of $1.8 billion through initial public offerings this week, making it the best week for IPOs since early October, according to the data provider Ipreo.

American Express fell 96 cents to $59.78. Hefty charges tied to the credit card issuer's plan to cut jobs and reorganize some business lines hurt results, and revenue fell short of estimates.

Analysts forecast that companies in the S&P 500 will report a 4 percent increase in fourth-quarter earnings over the same period the year before, according to a report out Friday from S&P Capital IQ. They say banks and other financial firms should have the strongest profit growth of any industry. Technology companies like Intel are expected to struggle.

Among other companies in the news:

— Capital One lost 7 percent after reporting revenue and earnings that fell short of analysts' estimates. The bank and credit-card company also lowered its forecast for revenue in the months to come, and many brokerages quickly responded by cutting their outlook for the company's stock. Capital One sank $4.60 to $56.99.

— Life Technologies, a maker of genetic testing equipment, soared 11 percent following reports that it's considering putting itself up for sale. The company's board said it has hired Deutsche Bank Securities and the investment bank Moelis & Co. Life Technologies' stock jumped $5.82 to $60.79.

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Biden delivers preview of White House pitch on gun policies









WASHINGTON – Vice President Joe Biden laid out the White House’s plan to prevent future gun violence before the U.S. Conference of Mayors here Thursday, saying the proposal “isn’t just about guns.”


Speaking to a gathering of the nation’s mayors, Biden acknowledged that they are faced with a plethora of problems, but he labeled gun violence as the most immediate and urgent.


“Everyone acknowledges we have to do something, we have to act,” Biden said, adding that the Newtown, Conn., school shooting has affected the public psyche “in a way I’ve never seen before.”





Biden thanked a number of mayors for their input during the monthlong deliberations that brought in 229 groups to help form the administration’s gun proposals. 


The vice president said he and Obama supported the 2nd Amendment but believe that certain individuals should be “disqualified” from gun ownership and the country needs to make “common-sense judgments” about how to keep military-style weapons off the streets.


PHOTOS: A look ahead at 2013’s political battles


Biden, who spoke extensively about high-capacity ammunition magazines that “leave victims with no chance,” stopped short of making a resounding call for an assault weapons ban.


“The president believes that there should be a new and stronger assault weapons ban,” Biden said, but he admitted that the gun industry would eventually find a way around legislative standards.


But he did call for focus on the nation’s background check system, which is plagued with inadequacies, as The Times noted in a recent article.


“Today there are 17 states that have made fewer than 10 mental health records available on the mental health background system,” Biden said, calling not only for increased funding but for universal background checks to cover all firearm sales.


Taking a jab at the National Rifle Assn.’s proposal that armed guards be placed in every school, Biden trumpeted Obama’s proposal to allow schools to decide on an individual basis whether they want to use federal funds for armed guards or other preventative measures, such as counseling.


“We don’t want rent-a-cops armed in schools,” Biden said, to the applause of a number of mayors.


PHOTOS: Past presidential inaugurations


Also in his pitch, Biden praised adjustments to the nation’s mental health services system included in the Affordable Care Act, with the caveat that there is still much more to be done, and he called for federal agencies to be given more flexibility in examining the underlying factors behind gun violence.


“Quite frankly, we don’t have sufficient data,” he said. “And as an informed society, we need data.”


Biden’s speech, which ran beyond the “10 or 12 minutes” he promised at the onset, provided a preview of the administration’s expected push for its gun proposals to the American public.


“I’ve been in the fight a long time. I have no illusions about the fight ahead of us,” Biden said, adding that he was confident that with public support founded on “common-sense” consensus, “the political obstacles that will be put up in front of us are not impenetrable.”


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Intel’s revenue forecast short of expectations






SAN FRANCISCO (Reuters) – Intel Corp forecast current-quarter revenue that was slightly below expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.


PC makers are struggling to stop a decline in sales as consumers hold off on buying new laptops in favor of spending on more nimble mobile gadgets.






Microsoft Corp‘s long-awaited launch of Windows 8 in October brought touchscreen features to laptops but failed to spark a resurgence in sales that Intel and many PC manufacturers had hoped for.


Intel said its capital spending in 2013 would be $ 13 billion, plus or minus $ 500 million, exceeding what many analysts had expected.


In the fourth quarter, Intel’s revenue was $ 13.5 billion, compared with $ 13.9 billion a year earlier. Analysts had expected $ 13.53 billion in revenue for the fourth quarter, according to Thomson Reuters I/B/E/S.


Intel estimated first-quarter revenue of $ 12.7 billion, plus or minus $ 500 million. Analysts expected $ 12.91 billion for the current quarter.


Net earnings in the December quarter were $ 2.5 billion, or 48 cents a share, compared with $ 3.4 billion, or 64 cents a share, in the same quarter last year.


(Reporting by Noel Randewich; Editing by Richard Chang)


Gadgets News Headlines – Yahoo! News





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Rihanna's fashion collection to debut in Feb.


NEW YORK (AP) — Rihanna's collection for British brand River Island is slated for its debut next month during London Fashion Week.


Fashion week organizers listed the pop star on its official calendar of fall previews as they sent out registration materials on Thursday to the editors, stylists and retailers who cover designer collections.


The 24-year-old's first collection of clothing and accessories will be shown Feb. 16. Items will be available in River Island stores in Great Britain, and in the United States and Japan at Opening Ceremony starting on March 5.


Rihanna said in a statement that an appearance at fashion week is "a dream come true."


She already has another fashion commitment this year: She signed on to executive produce and star in the Style network reality series "Styled to Rock."


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Life, Interrupted: Brotherly Love

Life, Interrupted

Suleika Jaouad writes about her experiences as a young adult with cancer.

There are a lot of things about having cancer in your 20s that feel absurd. One of those instances was when I found myself calling my brother Adam on Skype while he was studying abroad in Argentina to tell him that I had just been diagnosed with leukemia and that — no pressure — he was my only hope for a cure.

Today, my brother and I share almost identical DNA, the result of a successful bone marrow transplant I had last April using his healthy stem cells. But Adam and I couldn’t be more different. Like a lot of siblings, we got along swimmingly at one moment and were in each other’s hair the next. My younger brother by two years, he said I was a bossy older sister. I, of course, thought I knew best for my little brother and wanted him to see the world how I did. My brother is quieter, more reflective. I’m a chronic social butterfly who is probably a bit too impulsive and self-serious. I dreamed of dancing in the New York City Ballet, and he imagined himself playing in the N.B.A. While the sounds of the rapper Mos Def blared from Adam’s room growing up, I practiced for concerto competitions. Friends joked that one of us had to be adopted. We even look different, some people say. But really, we’re just siblings like any others.

When I was diagnosed with cancer at age 22, I learned just how much cancer affects families when it affects individuals. My doctors informed me that I had a high-risk form of leukemia and that a bone marrow transplant was my only shot at a cure. ‘Did I have any siblings?’ the doctors asked immediately. That would be my best chance to find a bone marrow match. Suddenly, everyone in our family was leaning on the little brother. He was in his last semester of college, and while his friends were applying to jobs and partying the final weeks of the school year away, he was soon shuttling from upstate New York to New York City for appointments with the transplant doctors.

I’d heard of organ transplants before, but what was a bone marrow transplant? The extent of my knowledge about bone marrow came from French cuisine: the fancy dish occasionally served with a side of toasted baguette.

Jokes aside, I learned that cancer patients become quick studies in the human body and how cancer treatment works. The thought of going through a bone marrow transplant, which in my case called for a life-threatening dose of chemotherapy followed by a total replacement of my body’s bone marrow, was scary enough. But then I learned that finding a donor can be the scariest part of all.

It turns out that not all transplants are created equal. Without a match, the path to a cure becomes much less certain, in many cases even impossible. This is particularly true for minorities and people from mixed ethnic backgrounds, groups that are severely underrepresented in bone marrow registries. As a first generation American, the child of a Swiss mother and Tunisian father, I suddenly found myself in a scary place. My doctors worried that a global, harried search for a bone marrow match would delay critical treatment for my fast-moving leukemia.

That meant that my younger brother was my best hope — but my doctors were careful to measure hope with reality. Siblings are the best chance for a match, but a match only happens about 25 percent of the time.

To our relief, results showed that my brother was a perfect match: a 10-out-of-10 on the donor scale. It was only then that it struck me how lucky I had been. Doctors never said it this way, but without a match, my chances of living through the next year were low. I have met many people since who, after dozens of efforts to encourage potential bone marrow donors to sign up, still have not found a match. Adding your name to the bone marrow registry is quick, easy and painless — you can sign up at marrow.org — and it just takes a swab of a Q-tip to get your DNA. For cancer patients around the world, it could mean a cure.

The bone marrow transplant procedure itself can be dangerous, but it is swift, which makes it feel strangely anti-climactic. On “Day Zero,” my brother’s stem cells dripped into my veins from a hanging I.V. bag, and it was all over in minutes. Doctors tell me that the hardest part of the transplant is recovering from it. I’ve found that to be true, and I’ve also recognized that the same is true for Adam. As I slowly grow stronger, my little brother has assumed a caretaker role in my life. I carry his blood cells — the ones keeping me alive — and he is carrying the responsibility, and often fear and anxiety, of the loving onlooker. He tells me I’m still a bossy older sister. But our relationship is now changed forever. I have to look to him for support and guidance more than I ever have. He’ll always be my little brother, but he’s growing up fast.


Suleika Jaouad (pronounced su-LAKE-uh ja-WAD) is a 24-year-old writer who lives in New York City. Her column, “Life, Interrupted,” chronicling her experiences as a young adult with cancer, appears regularly on Well. Follow @suleikajaouad on Twitter.

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More homeowners rise above water as prices gain









One of the most pernicious effects of the housing bust was the huge number of borrowers stuck in homes worth far less than those properties could be sold for.


Negative equity has been a major drag on mobility and hence the American economy. Being stuck "underwater" means you can't sell your house or often even move out if you get a job someplace else.


Video: Experts discuss Southern California's housing market





Now that problem is easing, ever so slightly, with the recent rebound in home prices. About 100,000 borrowers popped into a positive equity position during the third quarter of 2012, mortgage tracker CoreLogic reported Thursday.


In California, an estimated 1.9 million mortgages were underwater, accounting for about 28.3% of residences with a home loan.


"Through the third quarter, the number of underwater borrowers declined significantly," CoreLogic chief economist Mark Fleming said in a news release. "The substantive gain in house prices made in 2012, partly due to tight inventory caused by negative equity's lock-out effect, has paradoxically alleviated some of the pain."


Nationally, as many as 1.8 million American borrowers could have equity in their home over the next year if prices continue to rise, the firm reported.


CoreLogic said that about 10.7 million homes -- or about 22% of all residential properties with a mortgage -- were in negative equity at the end of the third quarter. Negative-equity mortgages, and those that were in a near-negative-equity position, accounted for 26.8% of all homes with a mortgage.


Negative equity fell to $658 billion at the end of the third quarter, a decrease of $31 billion from the prior quarter. Nevada had the highest percentage of underwater homes at 56.9%. After the Silver State came Florida at 42.1% and then Arizona at 38.6%.


ALSO:


Supply of "shadow" homes declines again


Home sales jump to highest pace in three years


SoCal median home price gains 19.6% in December





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Algeria attackers reportedly led by one-eyed militant

Islamist militants attacked and occupied a natural gas complex partly operated by energy company BP in southern Algeria.









WASHINGTON -- The attackers who seized an Algerian gas field and took foreigners hostage early Wednesday were commanded by the notorious one-eyed Algerian militant Mokhtar Belmokhtar, the Mauritanian news agency ANI reported as the crisis continued.


Belmokhtar recently left Al Qaeda’s North African affiliate to form a splinter group that he said included foreign militants. French intelligence officials nicknamed him “The Uncatchable” in 2002.


Mauritanian news reports said earlier that an Islamist group had claimed responsibility for the attack and occupation of the Ain Amenas natural gas field in southeastern Algeria, saying they were targeting Algeria because it had cooperated with French operations against Islamists in Mali. 








The United States, Britain, Japan, Norway, and Ireland said they believed they had citizens among those held hostage; France was also among the countries whose nationals were seized, according to Algerian state media, which reported that more than 20 foreigners were being held.


U.S. officials have sought Belmokhtar for several years. He helped smuggle insurgents to fight U.S. forces in Iraq, an American official said, and he led the group responsible for the December 2008 kidnapping of Robert Fowler, a former Canadian diplomat and U.N. envoy who was held for 130 days.


Belmokhtar has smuggled contraband and committed kidnappings for ransom for most of his adult life, American officials said.


“Our contacts all characterize Belmokhtar as more of a smuggler than an ideological warrior,  more of an opportunist and bandit rather than a jihadi,” said an internal State Department cable in 2007 that later was released by the website WikiLeaks.


U.S. officials say Belmokhtar has been involved in Islamist militancy for nearly two decades. He joined the guerrillas that fought Soviet occupation forces in Afghanistan in the 1980s, and an insurgency against the Algerian government in the 1990s. He later was sentenced in absentia to life in prison in Algeria.


In a 2005 interview, Belmohktar claimed responsibility for establishing links between his Algerian organization and Al Qaeda.


Last month, Belmokhtar reportedly broke away from Al Qaeda to form his own militia and criminal group in Gao, in northern Mali, where militants have seized considerable territory. In a video statement released Dec. 6, he said his new group included foreigners. Witnesses in Mali have reported seeing Arab fighters.


The hostage-taking Wednesday could affect deliberations in Washington on  whether to provide additional support for the French military intervention against insurgents in Mali. The Obama administration has not yet decided whether to increase support, in part because it could spark terrorist attacks on Americans living and working in North Africa.


ALSO:

Building collapses in Egyptian city; 22 dead


Bombing in Syrian city kills at least 22 people


American-born Israeli convicted of murdering two Palestinians


Emily Alpert in Los Angeles contributed to this report.





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RIM says users line up to try new BlackBerry 10 platform






TORONTO (Reuters) – BlackBerry maker Research in Motion is helping customers prepare to switch to its soon-to-be-launched BlackBerry 10 smartphones that it hopes will help it reclaim market share from rivals such as Apple Inc.


RIM is betting that the new range of touch-screen and keyboard devices, set for a January 30 launch, will revive its fortunes.






The company was “very enthused by the engagement and response of our customer base” to a program aimed at persuading them to adopt the BlackBerry 10 devices, Bryan Lee, senior enterprise accounts director, told Reuters on Wednesday.


Indeed, whether it will be successful in clawing back market share will depend on the response from RIM’s top clients, like companies and government agencies, who have long valued the strong security features that BlackBerry devices offer.


Lee said more than 1,600 customers in North America had registered for its recently launched BlackBerry 10 Ready Program and more than a thousand were actively using the program, which offers customers access to services, information and tools to ease their transition to the BlackBerry 10 and the BlackBerry Enterprise Server 10.


RIM also said its BlackBerry Enterprise Server 10, which runs the new devices on corporate networks, was in beta testing with more than 130 major government agencies and corporations in North America.


SHARES RISE


Waterloo, Ontario-based RIM, a one-time pioneer in the now ultra-competitive smartphone industry, has bled market share to Apple’s iPhone and devices powered by Google’s market-leading Android operating system, even among enterprise clients who once used BlackBerry devices exclusively.


Early adoption of the long-awaited BlackBerry 10 devices by government and corporate clients will help breathe new life into the struggling company, whose shares are down 90 percent from an all-time high of more than $ 148 in 2008.


Still, shares of RIM, which fell as low as $ 6.22 in September, have more than doubled in value over the last four months as the BlackBerry 10 launch approaches.


Lee said clients that were beta testing the new BlackBerry Enterprise Server 10 included more than 60 Fortune 500 companies and top North American government agencies.


RIM promises that its new line of devices will be faster and smoother than existing BlackBerry phones and will boast a large catalog of apps, crucial to the success of any new line of smartphones.


Shares of RIM were up 3.8 percent at $ 15.03 in afternoon trading on the Nasdaq on Wednesday, after Visa approved the smartphone company’s method of handling secure mobile payments; the technology will potentially allow users to tap their smartphones on credit card readers and pay for purchases.


RIM’s Toronto-listed shares were up 3.9 percent at C$ 14.83.


(Editing by Janet Guttsman and Bernadette Baum)


Tech News Headlines – Yahoo! News





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