Research In Motion Ltd. (RIMM) fell to the lowest level since 2003, marking four days of declines since the struggling maker of the BlackBerry smartphone forecast a first- quarter operating loss and said it had hired banks to explore strategic options.
RIM declined 5.9 percent to $9.66 a share at 12:12 p.m. in New York, for the lowest price since Dec. 22, 2003.
RIM said May 29 it will report a quarterly loss, the first since 2004 for the Waterloo, Ontario-based company, according to data compiled by Bloomberg.
JPMorgan Chase & Co. and RBC Capital Markets have been hired to help RIM evaluate options, including forging partnerships, licensing its software and looking at “strategic business model alternatives,” the company said
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