RIM Falls to 17-Month Low as India BlackBerry Service Ban Looms
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Research In Motion Ltd., maker of the BlackBerry smartphone, fell to its lowest level in nearly 17 months as it seeks to avoid a possible ban on its messaging services in India.
RIM offered to lead an industry forum in developing standard practices for balancing the Indian government’s security needs with customers’ privacy requirements, according to a statement today. India has said it will ban some BlackBerry services Aug. 31 unless RIM resolves concerns the smartphones may be used for terrorist attacks or other illegal activities.