RIM shares move higher in second session of gains for BlackBerry maker - InfoNews

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RIM shares move higher in second session of gains for BlackBerry maker

The Canadian Flag flies in front of a Research In Motion (RIM) building, June 29, 2012 in Waterloo, Ontario. THE CANADIAN PRESS/Dave Chidley
July 06, 2012 - 3:06 PM

TORONTO - Shares of Research In Motion (TSX:RIM) rose nearly six per cent on Friday, extending gains the BlackBerry maker made in the previous session.

The Waterloo, Ont.-based company's stock was up 46 cents to $8.27 in afternoon trading.

The jump follows gaining almost five per cent on Thursday.

RIM's shares have been testing near-decade lows over the past week after announcing delays to its BlackBerry 10 operating system and new products.

The company is also laying off about 5,000 employees as it slashes costs across the organization to contend with faltering sales.

RIM will hold its annual meeting in Waterloo on Tuesday.

News from © The Canadian Press, 2012
The Canadian Press

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