Investors drove Research In Motion’s stock down 20 per cent yesterday as dismal quarterly results raised prospects that the BlackBerry maker will be sold, broken up, or at least placed under new leadership.
The sell-off, which wiped out $3 billion (€2.2 billion) off RIM’s market capitalization, underscored how bad times have become for the one-time smartphone leader, once a byword for corporate communication. – (Reuters)