Shares of BlackBerry maker RIM hit low of eight years after new prototype fails to dazzle


AP

TORONTO — Shares of Research in Motion Ltd. hit an eight-year low Thursday and have fallen more than 15 percent in the past three days, after the company unveiled a prototype BlackBerry with new software. The prototype has caused angst for BlackBerry users and RIM investors.

RIM shares fell 5.4 percent to US$12.10 in afternoon trading on the Nasdaq. The shares lost almost 75 percent of their value over the past year, and bottomed at US$11.92 on Thursday, their lowest point since January 2004.