RIM Reports Quarterly Loss but Cash Pile Grows
Filed under: Company News, Research In Motion, Apple, Samsung
TORONTO, Sept 27 (Reuters) – Research In Motion Ltd (RIMM), the struggling BlackBerry maker, reported a narrower-than-expected loss on Thursday and said it increased its cash pile, a hopeful sign for the launch of its make-or-break line of revamped smartphones next year.
Shares of RIM rose more than 15 percent in after-hours trade, boosted by indications the company will have sufficient cash to push ahead with a robust marketing campaign of its next-generation BB10 devices, due out in early…
RIM Reports Quarterly Loss but Cash Pile Grows originally appeared on DailyFinance.com on 2012-09-27T17:14:00Z.
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