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BlackBerry Maker Posts Huge Loss, Delays New Phone

RIM slashing 5K jobs as 'death spiral' continues

By Rob Quinn,  Newser Staff

Posted Jun 28, 2012 10:48 PM CDT

(Newser) – BlackBerry maker Research In Motion's freefall is continuing. The Canadian company's shares plunged 15% after it posted a $518 million third-quarter loss and announced that its new BlackBerry 10 smartphone had been delayed until next year, reports the Wall Street Journal. The company...   Read full story »

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