Image by Getty Images via @daylifeFar from the minds of most onlookers is the fact Saudi billionaire investor Prince Alwaleed bin Talal Prince staked a position to the tune of $115 M in Apple, back in 1997. This was when the stock was trading at $9 a share and prior to 3 or 4 stock splits.
http://reviews.cnet.com/8301-13727_7-10340517-263.html.
Its suffice to say the Prince holds a sizable stake in Apple and more than a passing interest in the fortunes of the company. http://bit.ly/6vjbo0
What does this mean on the eve of Blackberry about to announce its latest version of its signature handheld and latest "IPhone-killer". The company is expected to unveil its first slider Blackberry device – Bold 9800 – as well as the much-awaited OS - Blackberry 6. Shares of the Canadian company closed up 2.55 percent at C$59.15 on Friday.
Market analysts offered " investors will shrug off the news as it's just a temporary setback for the company".
"This is going to be resolved," said Dubai-based Al Mal Capital PJSC analyst Irfan Ellam. "These are issues that have been brought up in other countries, where they've found a solution, and there's no reason to think they won't do the same here."
However, it will take time, said Dubai-based investment bank Shuaa Capital's telecom analyst Simon Simonian. "The UAE doesn't want to take any chances and they want to monitor what is going on in the country," Simonian said. "The security features that made BlackBerry so popular now "have become an issue of national security for the government."
RIM has not offered comment.
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