Ottawa Citizen

RIM shares gain 11%


Re­search In Mo­tion Ltd., the be­lea­guered maker of the Black­Berry smart­phone, gained 11 per cent Wed­nes­day, re­bound­ing from a post- earn­ings crash that erased a quar­ter of the com­pany’s mar­ket value. The shares rose to $11.83 at the close in New York, mark­ing the big­gest one-day in­crease since Nov. 23. RIM’s stock has fallen 18 per cent this year. While RIM re­ported a smaller quar­terly loss than pro­jected last week, the com­pany raised con­cerns about de­clin­ing ser­vice fees — and shares tum­bled 23 per cent.

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