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U.S. Morning Call: RIM struggles to stay afloat

Tuesday, May 29, 2012 - 02:36

May 30 - Blackberry maker Research in Motion hires bankers for a far-reaching strategic review.

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Rim declined Facebook's seeking a lot and and futures falling. Here's your morning called this Wednesday the pioneer of the hand held email device trying to keep its head. Above water Blackberry maker Research in Motion hiring -- -- far reaching strategic review. It also says -- 41 quarter operating -- and had a significant number of jobs. Sources say the reductions in the number 6000 or more. That's close to 40% of its work force. The stock has declined along with -- fortunes it traded as high as a 140 dollars a share for years ago. Now trying to hold above that ten dollar level and about 7% in the -- yet. That company playing a central role in the development of Smartphone category by giving workers the chance to communicate with each other clients away from their desks. But arrivals caught up with it and have now surpassed it as the market has the ball. So there's -- with Google's Android operating system and of course Apple's iphones you have those larger screens at all the apps. Just look at it it's just overtaken the Blackberry. Research in Motion also stumbled with its playbook tablet which debuted without the ability to handle email feature added an updated versions. So what happens to ram now. In all likelihood this companies -- -- the broken and it's a smaller individual pieces on the you're seeing some of the other web one point -- titans which I think -- various kind of come and do their inability to innovate. You know take Yahoo! AOL -- they're selling off patents and pieces of the company that are most attractive to their other bidders there. While -- is undergoing major changes because of some big -- it's iconic brand. The Blackberry. Berry plastics coming on the scene now the Indiana based plastic container company filed for an IPL -- a plan to go public on the NYSE under the ticker. BE. RY. -- off base but could make a run at Blackberry it has other matters to deal announced that he sinking stock and had delayed acquisition. A source telling Reuters that social network has received notice that US regulators will conduct. A link the investigation into its proposed purchase in mr. Graham. The shares closing below 29 dollars Tuesday and down slightly in the premarket. Options trading showing investors betting on the stock to decline further. Stocks overall not looking for a great start either down NASDAQ S&P 500 index futures down close to 1% -- Investors keeping a close eye -- Europe as stocks seeing there on rising concerns. But the financial problems in -- That's running on this Wednesday I'm Jen Rogers this is partners.

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U.S. Morning Call: RIM struggles to stay afloat

Tuesday, May 29, 2012 - 02:36