RIM Stocks Plunge
Research In Motion Ltd. shares plunged Friday after the company announced unspecified changes to a key source of its revenue stream late Thursday.
The make of BlackBerrys reported largely better-than-expected earnings on Thursday and bolstered its cash position in the quarter, both encouraging moves as it ramps up a marketing drive for two new phones due on Jan. 30.
But in a conference call with investors and analysts after the company's fiscal third-quarter results were released late Thursday, Chief Executive Thorsten Heins said RIM's service-revenue model would change significantly next year.
Source: Wall Street Journal. Read full article. (link)
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