Apple backdating scandal
In 1991, RIM introduced the first Mobitex protocol converter.
In 1995, RIM was financed by Canadian institutional and venture capital investors through a private placement in the privately held company. led the first venture round with a C,000,000 investment with the proceeds being used to complete the development of RIM's two-way paging system hardware and software.In 1993, RIM introduced the RIMGate, the first general-purpose Mobitex X.25 gateway.In the same year, RIM launched Ericsson Mobidem AT and Intel wireless modem containing RIM modem firmware.The Black Berry OS platform and BES continued to increase in functionality—while the incorporation of encryption and S/MIME support helped Black Berry devices gain increased usage by governments and businesses.During fiscal 1999-2001, total assets declared in the RIM's balance sheet grew eight-fold due to massive capacity expansion.Black Berry was founded in 1984 as Research In Motion by Mike Lazaridis and Douglas Fregin. His initial strategy was to subcontract manufacturing to Foxconn, and to focus on software technology. Currently, his strategy includes forming licensing partnerships with device manufacturers such as TCL Communication and unifying Black Berry's software portfolio. In 1988, RIM became the first wireless data technology developer in North America and the first company outside Scandinavia to develop connectivity products for Mobitex wireless packet-switched data communications networks.In 1992, Lazaridis hired Jim Balsillie, and Lazaridis and Balsillie served as co-CEOs until January 22, 2012. In 1990, RIM introduced the Digi Sync Film Key Kode Reader.About the size of a bar of soap, this device competed against the Skytel two-way paging network developed by Motorola. Named in reference to the resemblance of its keyboard's keys to the druplets of the blackberry fruit, the device could receive push email from a Microsoft Exchange Server using its complementary server software, Black Berry Enterprise Server (BES).The introduction of the Black Berry set the stage for future enterprise-oriented products from the company, such as the Black Berry 957 in April 2000, the first Black Berry smartphone.A total of C,000,000 in pre-IPO financing was raised by the company prior to its initial public offering on the Toronto Stock Exchange in January 1998 under the symbol RIM.In 1996, RIM introduced the [email protected] Pager, the first two-way messaging pager, and the RIM 900 OEM radio modem.