RIM stock hits session lows as new device launched

TORONTO Wed Jan 30, 2013 10:08pm IST

Research in Motion (RIM) President and Chief Executive Officer Thorsten Heins introduces a new RIM Blackberry 10 device during their launch in New York January 30, 2013. REUTERS/Shannon Stapleton

Research in Motion (RIM) President and Chief Executive Officer Thorsten Heins introduces a new RIM Blackberry 10 device during their launch in New York January 30, 2013.

Credit: Reuters/Shannon Stapleton

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TORONTO (Reuters) - Research In MotionRIM.TO RIMM.O sank as much as 8 percent on Wednesday as the BlackBerry maker unveiled its long-delayed line of smartphones that it says will mark the company's comeback.

The stock, which fell as much as 8 percent after rising more than 6 percent earlier in the session, was down 4.4 percent, at C$15.03 in Toronto. On the Nasdaq, shares were down 3.9 percent at $15.05.

(Reporting by Solarina Ho; Editing by Jeffrey Hodgson)

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