January 23, 2018

Winnipeg
-6° C, Light snow

Full Forecast

Advertisement

Advertise With Us

Shares fall before the very big day

Hey there, time traveller!
This article was published 29/1/2013 (1819 days ago), so information in it may no longer be current.

TORONTO -- Shares in Research In Motion closed down Tuesday ahead of the unveiling of its BlackBerry 10 lineup.

RIM stock ended the day down 56 cents, or 3.44 per cent, to $15.71 on the Toronto Stock Exchange following a 7.6 per cent slide Monday.

As of Friday, RIM stock had soared 50 per cent during January.

"The returns have been huge here, and for sure you're probably seeing some profit-taking, some buy on rumour, sell on news," said Gareth Watson, vice-president of investment management and research at Richardson GMP Ltd.

Subscribers Log in below to continue reading,
not a subscriber? Create an account to start a 60 day free trial.

Log in Create your account

Add a payment method

To read the remaining 112 words of this article.

Pay only 27¢ for articles you wish to read.

Hope you enjoyed your trial.

Add a payment method

To read the remaining 112 words of this article.

Pay only 27¢ for articles you wish to read.

Hey there, time traveller!
This article was published 29/1/2013 (1819 days ago), so information in it may no longer be current.

TORONTO — Shares in Research In Motion closed down Tuesday ahead of the unveiling of its BlackBerry 10 lineup.

RIM stock ended the day down 56 cents, or 3.44 per cent, to $15.71 on the Toronto Stock Exchange following a 7.6 per cent slide Monday.

As of Friday, RIM stock had soared 50 per cent during January.

"The returns have been huge here, and for sure you're probably seeing some profit-taking, some buy on rumour, sell on news," said Gareth Watson, vice-president of investment management and research at Richardson GMP Ltd.

"But also, the reality that the device is about to be launched... we don't know how successful it will be."

The smartphone pioneer once dominated the marketplace with its devices, which were affectionately dubbed "CrackBerrys" by devoted users.

But RIM has seen its market share eroded significantly by Apple's iPhone and Android-powered phones.

The unveiling of the new BB10 phones and operating system today will mark the start of an advertising blitz that will stretch to social media, the Super Bowl and beyond as RIM tries to regain its footing.

The smartphones are widely seen as a make-or-break product for the Waterloo, Ont., company.

— The Canadian Press

Advertisement

Advertise With Us

You can comment on most stories on The Winnipeg Free Press website. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or digital subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to The Winnipeg Free Press print or digital subscribers only. why?

Have Your Say

Comments are open to The Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective January 2015.