Ottawa Citizen

RIM shares re­bound af­ter drop last week

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Re­search In Mo­tion stock bounced back Thurs­day from some of the heavy losses it suf­fered last week when the is­sue got ham­mered af­ter the Black­Berry maker dis­closed a change in the fee struc­ture for ser­vices used with its smart­phone de­vices. On the Toronto Stock Ex­change, RIM shares jumped $1.20 or 11.43 per cent to close at $11.70. The stock had plunged about 25 per cent last week as an­a­lysts raised con­cerns about less rev­enue from the lu­cra­tive ser­vice fees charged by the com­pany to use its se­cure net­work.

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