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RIM turnaround tougher stock hits 9-year low

Saturday, 30 June 2012 06:24
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FILE- In this Thursday June 21, 2012, file photo, Tim Neil, Research In Motion Ltd.'s Canadian Operating Director of Operations, Platforms and Tools, speaks about the Blackberry 10 architecture during the RIM Blackberry 10 Jam World Tour in Toronto. Struggling BlackBerry maker Research in Motion Ltd. revealed Thursday, June 28, 2012, that its business is crumbling faster than thought. The Canadian company posted worse results for its latest quarter than analysts had expected. It's cutting 5,000 jobs and delaying the launch of its new phone operating system, BlackBerry 10, on which it's pinning its hope for a comeback (AP Photo/The Canadian Press, Aaron Vincent Elkaim)The maker of the BlackBerry is running out of time.


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