In RIM's Hometown, Optimism Trumps a Sales Implosion

A view of the outside of Research in Motion Facility in Waterloo, Ontario Photograph by Geoff Robins/AFP/Getty Images

Research in Motion shareholders weren’t expecting good news Thursday, when the company released its quarterly earnings. True to form, RIM delivered. Sales dropped 25 percent, the net loss was $125 million, and RIM’s market share continued to disappear in the U.S.—and significantly, in its native Canada, once considered an impenetrable stronghold for the BlackBerry.

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