Research In Motion, the maker of BlackBerry devices, said Monday that it would cut more than 2,000 jobs as part of a previously announced cost-cutting effort.The Waterloo, Ontario-based company said the cuts amount to over 10% of its total workforce. RIM's headcount will be reduced to about 17,000 after the pink slips are handed out this week.
Research In Motion Ltd.(NASDAQ:RIMM) announced today that Sprint Nextel Corp.(NYSE:S) will be the primary carrier for their new tablet computer product. The stock is trading lower today by $1.75 to $60.17. RIMM should have short term intra-day support around the $59.42 level. Should RIMM decline further below that level the next intra-day support area would be at the $58.90 level.