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RIM still in ‘early stages of its transition,’ Heins says Add to ...

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Research In Motion Ltd.’s turnround faltered as the Canadian smartphone maker failed to report a profit in the first quarter which sent its shares tumbling more than 26 per cent in early trading.

The Waterloo, Ont.-based company, which launched its new BlackBerry 10 operating system five months ago, reported a net loss of $84-million (U.S.), or 16 cents a share, in the three months to June 1 compared with a loss of $518-million, or 99 cents a share, a year earlier.

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