BlackBerry Passport John Chen

If RIM declares bankruptcy it could damage the Canadian economy

According to reports, Research in Motion Limited corporate customers are preparing backup plans in the event that the Blackberry maker is no longer open for business. As you can imagine, things have not been going so well this year so far.  The stock is down over 72% in the past year and down 44% year to date.  Nineteen of that 44% came on June 29th when Research in Motion Limited (TSE:RIM) (NASDAQ:RIMM) reported a nasty quarterly loss, delayed its Blackberry 10 smartphone and cut jobs.

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