Webwire: RIM sinks to eight year low; South Africa web penetration lagging

RIM stock declined below $10 (€8.04) on Monday for the first time since December 2003, after Samsung revealed its latest Galaxy smartphone will be sold by the four largest US carriers.
 
South Africa's internet penetration is lagging behind other major African markets, due to a lack of infrastructure and the high cost of broadband services, a new study shows.
 
Potential backers of a $1.5 billion (€1.2 billion) subsea cable linking Brazil, Russia, India, China and South Africa will decide by the end of the year whether to invest in the project.
 
Google is acquiring social publishing startup Meebo. While the terms of the deal were not disclosed, a source claims the price paid was close to $100 million (€80.4 million).
 
Nintendo has taken the wraps off the final configuration of the tablet-inspired controller for the Wii U, revealing it will have NFC capabilities and the ability to act as a TV remote.
 
Microsoft has announced new software that will allow Xbox 360 users to stream and share content and information about games on smartphones and tablets.
 
A Kuwaiti man has been jailed for ten years for insulting political leaders from Saudi Arabia and Bahrain, and the prophet Mohammed, in a series of Twitter messages. Hamad Al-Naqi denies sending the tweets, claiming his account was hacked.

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