What would a cheesy Christmas music video roundup be without George Michael — and his mullet, covered by a furry, snow-covered hood? If you like this video, just wait until you see the a cappella Norwegian version.
Click here to view this gallery.
[More from Mashable: 10 Adorable Animals Feeding Other Animals [VIDEOS]]
Now that the turkey has been picked apart and you’ve survived another Black Friday, it is now officially acceptable to listen to Christmas music. If you’ve been secretly listening to “Rudolph the Red-Nosed Reindeer” since early November, crank it up!
One of the best — or worst, depending on your perspective — parts about the holidays is how we embrace corniness. The lyrics are cheesy, the wardrobe is tacky and some traditions are silly.
[More from Mashable: Rebecca Black Shows Off Hidden Talent in New Music Video]
To kick off the season, here are the 15 cheesiest holiday music videos we could find on YouTube. Which is your favorite? Share your pick in the comments below.
The Brussels summit has ended without agreement on the 27-strong union’s next seven-year budget.
A BBC correspondent says another meeting will have to be called to sort out the difficulties but it is unclear how differences will be resolved.
European Council chief Herman Van Rompuy said he was confident a deal would be reached early next year.
Hours of talks failed to bridge big gaps between richer countries and those which rely most on EU funding.
The UK said current EU spending levels must be frozen.
Continue reading the main story
“Start Quote
Angela Merkel and I both agreed that it would be better to take some time out”
End QuoteFrancois HollandeFrench president
The EU’s divisions are very clear and have become even more stark at a time of economic crisis, says the BBC’s Chris Morris in Brussels.
Mr Van Rompuy had reshuffled the allocations in his original proposed budget during the summit, but he kept in place a spending ceiling of 973bn euros (£783bn; $ 1.2tn).
With the eurozone’s dominant states, Germany and France, unable to agree on the budget, UK Prime Minister David Cameron had warned against “unaffordable spending”.
The failure to decide on a budget came just days after the finance ministers of the 17 eurozone states failed to agree on conditions for releasing a new tranche of bailout money to Greece, raising questions about the union’s decision-making process.
‘No threats’
Mr Van Rompuy’s budget had been unacceptable to a number of other countries, not just Britain, Mr Cameron told reporters.
Continue reading the main story
Analysis
The summit laid bare clear divisions between richer northern countries in the EU, and the poorer south and east. It mirrored the divide that has emerged in the eurozone between northern creditors and southern debtors.
But the uneasy relationship between France and Germany also played a role – when they don’t agree, things tend to move slowly. Germany wanted further cuts in the budget proposal – not as many as Britain and others – but cuts all the same.
France on the other hand, supported by Italy and Spain, was keen to defend the EU’s biggest spending projects.
So striking a deal at a second summit in the New Year won’t be at all easy. But there are two reasons to think that it might succeed.
One is that failure to reach an agreement would mean the EU falling back on more expensive annual budgets.
The other is that many people are keen to avoid a prolonged budget stalemate, which could divert attention from other more important issues – notably the need to take more steps to resolve the crisis in the eurozone.
“Together, we had a very clear message: ‘We are not going to be tough on budgets at home just to come here and sign up to big increases in European spending’,” he said.
“We haven’t got the deal we wanted but we’ve stopped what would have been an unacceptable deal,” he added. “And in European terms I think that goes down as progress.”
German Chancellor Angela Merkel said she was sympathetic towards Mr Cameron’s view – but no more than she was to all countries involved in the discussion.
“The discussions, both the bilateral discussions and the common discussion, have shown us that there is sufficient potential for an agreement,” she added.
French President Francois Hollande said the summit had made “progress”.
“There were no threats, no ultimatums,” he told reporters. “Angela Merkel and I both agreed that it would be better to take some time out because we want there to be an agreement.”
Without naming the UK, he also said it was time the system of budget rebates was reconsidered.
“It is a paradox, because some net contributors [EU countries that pay in more than they get back] get some of the money back even though they are in a situation where they are wealthy enough for them not to get this money back,” he said.
Lithuanian President Dalia Grybauskaite remarked that the atmosphere at the summit had been “surprisingly good because the divergence in opinions was so large that there was nothing to argue about”.
European Commission chief Jose Manuel Barroso said the talks had failed owing to “important differences of opinion – especially in overall size of the budget”.
Revisions
The Commission, which drafts EU laws, had originally called for a budget of 1.025tn euros.
UK Prime Minister David Cameron: “We still believe a deal is do-able”
Its position was supported by the European Parliament and many countries which are net beneficiaries, including Poland, Hungary and Spain.
While most EU members supported some increase in the budget, several, mostly the big net contributors, argued it was unacceptable at a time of austerity.
Germany, the UK, France and Italy are the biggest net contributors to the budget, which amounts to about 1% of the EU’s overall GDP.
Mr Van Rompuy’s revised budget would have softened the blow to the two main areas of spending: development in the EU’s poorer regions, and agriculture.
Instead, there would have been greater cuts to energy, transport, broadband and the EU’s foreign service.
His proposal, put to leaders on Thursday evening, would have made no change to the level of administrative costs – something the UK might have found unacceptable.
Speaking after the summit, Mr Van Rompuy said: “My feeling is that we can go further… It has to be balanced and well prepared, not in the mood of improvisation, because we are touching upon jobs, we are touching upon sensitive issues.”
Failure to agree on the budget by the end of next year would mean rolling over the 2013 budget into 2014 on a month-by-month basis, putting some long-term projects at risk.
Analysts say that could leave the UK in a worse position, because the 2013 budget is bigger than the preceding years of the 2007-2013 multi-year budget.
GENEVA (Reuters) – Kris Kristofferson — Oxford scholar, athlete, U.S. Army helicopter pilot, country music composer, one-time roustabout, film actor, singer, lover of women, three times a husband and father of eight — seems ready to meet his maker.
At least, that was the clear impression he left with an audience of middle-aged-and-upwards fans at a concert in Geneva this week, a message underscored by his 28th and latest album, “Feeling Mortal” and its coffin-dark cover.
At a frail-looking 76, his ample beard more straggly than ever and his always gravel-laden voice gasping out the familiar lyrics of his great classics from “Bobby McGee” to “Rainbow Again”, the hereafter appears at the front of his mind.
“I’ve begun to soon descend, like the sun into the sea,” runs the title song of the new CD.
On the stage without backing group in Geneva, the first leg of a solo European tour to promote the disc from his own record company, “God” trips off his lips like a punctuation mark.
Even the old songs that made him — as well as other country artists like Willy Nelson, Johnny Cash, and his one-time girl-friend Janis Joplin — internationally famous, sound shaped by the fading voice to underscore a spiritual dimension.
“Sunday Morning Coming Down” emerges less as an ode to elderly loners facing old age without family and children and more as a call to prepare for the next life.
Religiosity was never that far from Kristofferson, son of a major-general in the U.S. Air Force, grandson of a Swedish army officer and in the 1ate 1950s a Rhodes Scholar in English Literature at England’s Oxford University.
CRUCIFIXION
In the 1971 “Jesus was a Capricorn” he predicts the Christian savior would be crucified again if he came back preaching peace and love among all races and creeds.
In the new album, “Ramblin’ Jack” is semi-autobiographical — a song about a wandering singer “with a face like a tumbled-down shack” of “wild and righteous, wicked ways” who “ain’t afraid of where he’s goin’.”
Kristofferson is adored by many believers, probably the vast majority of U.S. country fans and performers. But his fans among the unreligious and the atheists were also happy just to relish the poetry of his lyrics and the idiosyncrasy of his voice.
In Geneva, despite its Calvinist past as secular today as any major European city, the ageing 1,000-odd audience in a theatre seating twice that number, were certainly ready to enjoy anything he gave them.
They cheered and applauded his political declaration, an aside injected after a song line: “nobody wins.” “But somebody has just won. Obama won, so the whole world has won!” he rasped, waving his electric guitar in the air.
SELF-MOCKERY
They loved his self-mockery when, overcome briefly by a sniffle and pulling a blue bandana — cousin of the red one in “Bobby McGee”? — from his jeans pocket, he asked them if they minded having paid $ 100 “to watch an old fart blow his nose.”
And they laughed with him when — in the full flood of lyrics on the pleasure of being around “a lot of lovely girls in the best of all possible worlds — he confided: “I wrote this song a LONG time ago.”
His 22-year-old angel-faced daughter Kelly, a banjoist and vocalist, joined him on stage for a handful of numbers, while in the hall outside son Jesse manned a stall selling the new CD and the black “Feeling Mortal Tour” t-shirts.
Children — their dreams and the dreams of their parents for them — have also long been a central theme of his music.
“I wrote this for my little girl,” he says of a father’s song pledging he will be “forever there” for a daughter through life, and after. “Spread your wings,” he tells her.
More prosaically, he recalls a rebuke from Jesse at age five over his 1970s hit: “The Silver-Tongued Devil”: “That’s a bad song. You’re blaming all your troubles on someone else.”
After the concert, the Kristofferson family left for Zurich and Vienna to continue the tour. “This may be our last goodbye,” he sang in a final song. “We may not pass this way again.”
“We’ll miss you,” called a voice from the audience.
LONDON (Reuters) – A new virus from the same family as SARS which sparked a global alert in September has now killed two people in Saudi Arabia, and total cases there and in Qatar have reached six, the World Health Organisation said.
The U.N. health agency issued an international alert in late September saying a virus previously unknown in humans had infected a Qatari man who had recently been in Saudi Arabia, where another man with the same virus had died.
On Friday it said in an outbreak update that it had registered four more cases and one of the new patients had died.
“The additional cases have been identified as part of the enhanced surveillance in Saudi Arabia (3 cases, including 1 death) and Qatar (1 case),” the WHO said.
The new virus is known as a coronavirus and shares some of the symptoms of SARS, or Severe Acute Respiratory Syndrome, which emerged in China in 2002 and killed around a 10th of the 8,000 people it infected worldwide.
Among the symptoms in the confirmed cases are fever, coughing and breathing difficulties.
Of the six laboratory-confirmed cases reported to WHO, four cases, including the two deaths, are from Saudi Arabia and two cases are from Qatar.
Britain’s Health Protection Agency, which helped to identify the new virus in September, said the newly reported case from Qatar was initially treated in October in Qatar but then transferred to Germany, and has now been discharged.
Coronaviruses are typically spread like other respiratory infections, such as flu, travelling in airborne droplets when an infected person coughs or sneezes.
The WHO said investigations were being conducted into the likely source of the infection, the method of exposure, and the possibility of human-to-human transmission of the virus.
“Close contacts of the recently confirmed cases are being identified and followed-up,” it said.
It added that so far, only the two most recently confirmed cases in Saudi Arabia were epidemiologically linked – they were from the same family, living in the same household.
“Preliminary investigations indicate that these two cases presented with similar symptoms of illness. One died and the other recovered,” the WHO’s statement said.
Two other members of the same family also suffered similar symptoms of illness, and one died and the other is recovering. But the WHO said laboratory test results on the fatality were still pending, and the person who is recovering had tested negative for the new coronavirus.
The virus has no formal name, but scientists at the British and Dutch laboratories where it was identified refer to it as “London1_novel CoV 2012″.
The WHO urged all its member states to continue surveillance for severe acute respiratory infections.
“Until more information is available, it is prudent to consider that the virus is likely more widely distributed than just the two countries which have identified cases,” it said.
British man finds carrier pigeon skeleton in his fireplace with unbreakable secret code (Reuters)
Before military forces had secure cell phones and satellite communications, they used carrier pigeons. The highly trained birds delivered sensitive information from one location to another during World War II. Often, the birds found the intended recipient. But not always.
A dead pigeon was recently discovered inside a chimney in Surrey, England. There for roughly 70 years, the bird had a curious canister attached to its leg. Inside was a coded message that has stumped the experts.
The code features a series of 27 groups of five letters. According to Reuters, nobody from Britain’s Government Communications Headquarters has been able to decipher it. The message was sent by a Sgt. W. Scott to someone or something identified as “Xo2.”
A spokesperson remarked, “Although it is disappointing that we cannot yet read the message brought back by a brave carrier pigeon, it is a tribute to the skills of the wartime code-makers that, despite working under severe pressure, they devised a code that was indecipherable both then and now.”
The bird was discovered by a homeowner doing renovations earlier this month. In an interview with Reuters, David Martin remarked that bits of birds kept falling from the chimney. Eventually, Margin saw the red canister and speculated that it might contain a secret message. And it seems as if the message will always be secret.
Carrier pigeons played a vital role in wars due to their incredible homing skills. All told, U.K. forces used about 250,000 of the birds during World War II.
TAIPEI, Taiwan (AP) — China has enraged several neighbors with a few dashes on a map, printed in its newly revised passports that show it staking its claim on the entire South China Sea and even Taiwan.
Inside the passports, an outline of China printed in the upper left corner includes Taiwan and the sea, hemmed in by the dashes. The change highlights China’s longstanding claim on the South China Sea in its entirety, though parts of the waters also are claimed by the Philippines, Vietnam, Taiwan, Brunei and Malaysia.
China’s official maps have long included Taiwan and the South China Sea as Chinese territory, but the act of including them in its passports could be seen as a provocation since it would require other nations to tacitly endorse those claims by affixing their official seals to the documents.
Ruling party and opposition lawmakers alike condemned the map in Taiwan, a self-governed island that split from China after a civil war in 1949. They said it could harm the warming ties the historic rivals have enjoyed since Ma Ying-jeou became president 4 1/2 years ago.
“This is total ignorance of reality and only provokes disputes,” said Taiwan’s Mainland Affairs Council, the Cabinet-level body responsible for ties with Beijing. The council said the government cannot accept the map.
Philippine Foreign Secretary Albert del Rosario told reporters in Manila that he sent a note to the Chinese Embassy that his country “strongly protests” the image. He said China’s claims include an area that is “clearly part of the Philippines’ territory and maritime domain.”
The Vietnamese government said it had also sent a diplomatic note to the Chinese Embassy in Hanoi, demanding that Beijing remove the “erroneous content” printed in the passport.
In Beijing, the Foreign Ministry said the new passport was issued based on international standards. China began issuing new versions of its passports to include electronic chips on May 15, though criticism cropped up only this week.
“The design of this type of passports is not directed against any particular country,” Chinese Foreign Ministry spokeswoman Hua Chunying said at a daily media briefing Friday. “We hope the relevant countries can calmly treat it with rationality and restraint so that the normal visits by the Chinese and foreigners will not be unnecessarily interfered with.”
It’s unclear whether China’s South China Sea neighbors will respond in any way beyond protesting to Beijing. China, in a territorial dispute with India, once stapled visas into passports to avoid stamping them.
“Vietnam reserves the right to carry out necessary measures suitable to Vietnamese law, international law and practices toward such passports,” Vietnamese foreign ministry spokesman Luong Thanh Nghi said.
Taiwan does not recognize China’s passports in any case; Chinese visitors to the island have special travel documents.
China maintains it has ancient claims to all of the South China Sea, despite much of it being within the exclusive economic zones of Southeast Asian neighbors. The islands and waters are potentially rich in oil and gas.
There are concerns that the disputes could escalate into violence. China and the Philippines had a tense maritime standoff at a shoal west of the main Philippine island of Luzon early this year.
The United States, which has said it takes no sides in the territorial spats but that it considers ensuring safe maritime traffic in the waters to be in its national interest, has backed a call for a “code of conduct” to prevent clashes in the disputed territories. But it remains unclear if and when China will sit down with rival claimants to draft such a legally binding nonaggression pact.
The Philippines, Brunei, Malaysia and Vietnam are scheduled to meet Dec. 12 to discuss claims in the South China Sea and the role of China.
___
Associated Press writers Oliver Teves in Manila, Philippines, Chris Brummitt in Hanoi, Vietnam, and researcher Zhao Liang in Beijing contributed to this report.
LOS ANGELES (Reuters) – Teenage pop star Justin Bieber will not face charges for an alleged altercation with a man who was taking photos of him at a suburban shopping center in May, Los Angeles prosecutors said on Wednesday.
Deputy District Attorney Mara McIlvain said in a report there was “insufficient evidence for proof beyond a reasonable doubt” that the Canadian singer scuffled with paparazzo Jose Hernandez-Duran before leaving the shopping center with his girlfriend, actress Selena Gomez.
The photographer accused Bieber, 18, of leaving a van to kick him in the abdomen and punch him in the face. Officials called to the scene in Calabasas, 30 miles west of Los Angeles, found no apparent injury or trauma to the photographer.
A later doctor’s evaluation indicated “minor swelling” to the photographer’s right cheek and “redness” on his lower abdomen but labeled the injuries “superficial.”
McIlvain’s report indicated that Bieber became frustrated when photographers obstructed his vehicle as he attempted to leave the shopping center. He then left the vehicle, charged at Hernandez-Duran and fell after taking a swing at his camera.
Witnesses told investigators they could not determine if Bieber had struck Hernandez-Duran, who kept on taking photos of the singer after the incident. They said the photographer was approached by a lawyer soon after the run-in.
McIlvain said there were no photos of a scuffle between Bieber and Hernandez-Duran, even though many photographers were present.
Bieber’s publicist could not immediately be reached for comment.
The pop star swept the American Music Awards on Sunday, winning three, including the top prize of the night, and performed live during the show.
(Reporting By Eric Kelsey, editing by Piya Sinha-Roy and David Brunnstrom)
By Kevin PeacheyPersonal finance reporter, BBC News
Hundreds of suspected tax avoiders are to receive letters in the coming weeks warning them that their financial affairs are facing special scrutiny.
HM Revenue and Customs (HMRC) is sending letters directly to 1,500 people who it believes have signed up to one particular avoidance scheme.
The correspondence, the first of its kind, is a pre-emptive strike before the scheme’s legality is challenged.
The National Audit Office said such schemes cost the UK more than £10bn.
In a report, published on Wednesday, the watchdog said HMRC was dealing with a backlog of 41,000 cases of aggressive tax avoidance involving individuals and small companies.
Penalties
In an attempt to tackle the backlog, HMRC is sending out four versions of the same letter in a pilot scheme. The first wave of about 700 will start landing on doormats on Saturday.
One version says: “You are in the small minority of people who have made the deliberate choice to avoid tax. We focus our resources on this small minority. The choice that you have made changes the way we view your tax affairs.
“Our Specialist Investigations Unit will be carrying out a full investigation into this scheme and they will open an enquiry into your tax affairs.”
It goes on to suggest that people who use the scheme could find that they have to pay the outstanding tax, plus interest, and – in certain circumstances – could face a financial penalty.
It provides contact and payment details for people if they wish to pull out of the scheme immediately and pay up.
No details have been revealed about the recipients of the letters, who live across the UK. Although they are not all thought to be among the mega-rich, one tax expert said he would be surprised if there were no big names among them.
‘Reality check’
Tax avoidance schemes are legal but, in this case, HMRC is saying that it has good reasons to put it under the microscope.
Continue reading the main story
We are committed to challenging aggressive tax avoidance, and we will do so through the courts where appropriate. If we do this then it will lead to years of uncertainty about your tax affairs, and mean considerable additional cost to you. We are already challenging similar schemes and we have a very successful track record in the courts with schemes of this type.
Your decision to use a scheme such as this means that we will treat you as a higher risk customer. Therefore we will monitor more closely your tax affairs in the future.
…….
Paying your taxes in full is the right thing to do. Not paying tax reduces our public finances. We all lose out on essential public services such as roads, the NHS and schools.
In the new tactic, it is writing to people directly to give them the opportunity to get out of the scheme, which has not been named publicly.
An HMRC spokesman admitted that these people were free to argue because no ruling had yet been made about the legality of this scheme.
Normally, HMRC would contact the promoters of these schemes, rather than the individual investors themselves, to tell them that they will be challenging the scheme at a tax tribunal.
Tax avoidance schemes have hit the headlines in recent months.
They have included the Jersey-based K2 scheme which featured the membership – now cancelled – of comedian Jimmy Carr.
More than 1,000 people were thought to be using the scheme which was said to be sheltering £168m a year from the Treasury.
Under the K2 scheme, an individual resigned from their company and any salary they subsequently received was paid to an offshore trust which then lent investors back the money. As this is a loan that can technically be recalled, there was no income tax due.
HMRC has been criticised for failing to properly curb aggressive avoidance schemes.
The National Audit Office’s report said that between 2004 and 2011, about 2,300 avoidance schemes were disclosed to the tax authorities, with more than 100 new schemes emerging in each of the past four years.
HMRC said it had successfully challenged 40 schemes in two years, but MPs said that the UK tax authority must do better in tackling “mass-marketed” schemes.
Chas Roy-Chowdhury, of the ACCA tax body, said that the letters were a good way of HMRC trying to get the numbers of these schemes down to “more manageable levels”.
He said that the correspondence would be a “reality check” for many recipients.
“This is the first time HMRC is contacting people directly and putting down in black and white exactly what the position is for them. It will make people think twice,” he said.
“I hope it does bring down the numbers and restore some faith in the tax system.”
He said it was also a good way of pointing out that much of the accountancy trade was not involved in promoting these schemes.
TAIPEI, Taiwan (AP) — China has enraged several neighbors with a few dashes on a map, printed in its newly revised passports that show it staking its claim on the entire South China Sea and even Taiwan.
Inside the passports, an outline of China printed in the upper left corner includes Taiwan and the sea, hemmed in by the dashes. The change highlights China’s longstanding claim on the South China Sea in its entirety, though parts of the waters also are claimed by the Philippines, Vietnam, Taiwan, Brunei and Malaysia.
China’s official maps have long included Taiwan and the South China Sea as Chinese territory, but the act of including them in its passports could be seen as a provocation since it would require other nations to tacitly endorse those claims by affixing their official seals to the documents.
Ruling party and opposition lawmakers alike condemned the map in Taiwan, a self-governed island that split from China after a civil war in 1949. They said it could harm the warming ties the historic rivals have enjoyed since Ma Ying-jeou became president 4 1/2 years ago.
“This is total ignorance of reality and only provokes disputes,” said Taiwan’s Mainland Affairs Council, the Cabinet-level body responsible for ties with Beijing. The council said the government cannot accept the map.
Philippine Foreign Secretary Albert del Rosario told reporters in Manila that he sent a note to the Chinese Embassy that his country “strongly protests” the image. He said China’s claims include an area that is “clearly part of the Philippines’ territory and maritime domain.”
The Vietnamese government said it had also sent a diplomatic note to the Chinese Embassy in Hanoi, demanding that Beijing remove the “erroneous content” printed in the passport.
In Beijing, the Foreign Ministry said the new passport was issued based on international standards. China began issuing new versions of its passports to include electronic chips on May 15, though criticism cropped up only this week.
“The design of this type of passports is not directed against any particular country,” Chinese Foreign Ministry spokeswoman Hua Chunying said at a daily media briefing Friday. “We hope the relevant countries can calmly treat it with rationality and restraint so that the normal visits by the Chinese and foreigners will not be unnecessarily interfered with.”
It’s unclear whether China’s South China Sea neighbors will respond in any way beyond protesting to Beijing. China, in a territorial dispute with India, once stapled visas into passports to avoid stamping them.
“Vietnam reserves the right to carry out necessary measures suitable to Vietnamese law, international law and practices toward such passports,” Vietnamese foreign ministry spokesman Luong Thanh Nghi said.
Taiwan does not recognize China’s passports in any case; Chinese visitors to the island have special travel documents.
China maintains it has ancient claims to all of the South China Sea, despite much of it being within the exclusive economic zones of Southeast Asian neighbors. The islands and waters are potentially rich in oil and gas.
There are concerns that the disputes could escalate into violence. China and the Philippines had a tense maritime standoff at a shoal west of the main Philippine island of Luzon early this year.
The United States, which has said it takes no sides in the territorial spats but that it considers ensuring safe maritime traffic in the waters to be in its national interest, has backed a call for a “code of conduct” to prevent clashes in the disputed territories. But it remains unclear if and when China will sit down with rival claimants to draft such a legally binding nonaggression pact.
The Philippines, Brunei, Malaysia and Vietnam are scheduled to meet Dec. 12 to discuss claims in the South China Sea and the role of China.
___
Associated Press writers Oliver Teves in Manila, Philippines, Chris Brummitt in Hanoi, Vietnam, and researcher Zhao Liang in Beijing contributed to this report.
TORONTO (AP) — Shares of Research in Motion Ltd. Jumped nearly 14 percent Friday as investors seemingly grew more optimistic about a February launch of the Canadian company’s much-delayed BlackBerry 10 smartphones.
RIM will release the latest version of its smartphone “not too long” after a Jan. 30 launch event, Kristian Tear, the company’s chief operating officer, has said.
The new phones are seen as critical to RIM’s survival as the smartphone pioneer struggles in North America to hold on to customers who are abandoning BlackBerrys for flashier iPhones and Android phones.
The Waterloo, Ontario, company seems to be preparing for a February global launch, a month earlier than many analysts were expecting, according to an analyst with National Bank Financial, a Canadian bank. Kris Thompson raised his shipments forecast for RIM for fiscal 2014 in a research note from Wednesday.
Thompson also increased his price target for the BlackBerry maker to $ 15 from $ 12.
RIM shares on the Nasdaq closed up $ 1.41, or nearly 14 percent, to $ 11.67 Friday in an abbreviated trading session on Wall Street.
The spike in the BlackBerry maker’s shares came after a week of steady gains amid more positive sentiment.
On Wednesday, shares in Research In Motion gained almost 5 percent on the Toronto Stock Exchange even though it was reported that the U.S. National Transportation Safety Board had dropped the BlackBerry maker in favor of Apple’s iPhone 5.
Thompson, the National Bank Financial analyst, was bolstered by RIM’s new management team, which he said is maintaining the BlackBerry smartphone subscriber base, managing costs and cash, and seemingly readying a February 2013 BB10 global product release, a month earlier than expected.
He said certification of the new BlackBerrys by wireless carriers is the key risk to his prediction and estimate of BlackBerry shipments. Carrier certification, which tests the new devices, can take time.
The new BlackBerry 10 system is designed for the touch screen, Internet browsing and apps experience that customers now expect. RIM’s current software is still focused on email and messaging and is less user-friendly, agile and robust than iPhone or Android.
Earlier this week, a prominent tech analyst gave RIM’s new operating system a small but improved chance of success. Analyst Peter Misek of New York-based Jefferies & Company said he’s still giving the BlackBerry 10 operating system only a 20 to 30 percent probability of success.
RIM was once Canada‘s most valuable company with a market value of more than $ 80 billion in 2008, but the stock has plummeted since, from over $ 140 per share. Its decline evokes memories of Nortel, another former Canadian tech giant, which declared bankruptcy in 2009.
