Wall Street Beat: Software, progress in euro zone plan help boost tech

29.06.2012

Shares of RIM were trading down Friday after its , when it announced that revenue for the quarter ending in May was $2.8 billion, down from $4.9 billion a year earlier. The company also recorded a net loss of $518 million compared to a profit of $695 million a year earlier. A reorganization will delay an important upgrade to the BlackBerry operating system, the company said.

(Additional reporting by Chris Kanaracus in Boston.)