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BlackBerry Maker Posts a Narrower Loss, and Stock Jumps in After-Hours Trading
Posted: 28-Sep-2012 [Source: NYT]

[RIM hanging on as the focus continues to be its BlackBerry 10 launch now scheduled for sometime next year.]

By Ian Austen (NYT) -- "Analysts had expected a far steeper year-on-year drop in revenue of 41 percent and some feared that the company had dipped into its cash holdings. But RIM actually increased its cash thanks to sharp cost-cutting.

As a result, RIM’s stock jumped more than 20 percent in after-hours trading. In the regular session, before its announcement, it closed at $7.14 a share. RIM’s shares have been as high as $24.74 over the last year."


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