Research In Motion Ltd. plunged 19 percent, the biggest decline in more than a year, after posting a loss and delaying the next BlackBerry operating system, increasing pressure on the company to find an acquirer.
Research In Motion Ltd.’s forecast for a first-quarter operating loss tomorrow, its first since 2004, is generating speculation that failure to deliver a best- selling phone will create losses the rest of the year.
Research In Motion Ltd. fell to the lowest level since 2003, marking four days of declines since the struggling BlackBerry maker forecast an operating loss and said it had hired banks to explore strategic options.
When Apple Inc. began offering $1,599 tickets to its developers’ conference last week, the event sold out in less than two hours. Research In Motion Ltd., whose BlackBerry expo starts today, is working a bit harder.
Research In Motion Ltd., whose U.S. sales plunged 45 percent last quarter, is counting on Europe to regain ground lost to Apple Inc. and Google Inc. as the BlackBerry maker races to introduce a new operating system.
Research In Motion Ltd., struggling to recover from one of its worst BlackBerry service disruptions, may see more defections as the snag gives users another reason to turn to Apple Inc.’s new iPhone, which hit stores today.