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From Dragons Exodus
Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.
The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.
Revenues fell to $4.2bn from $5.2bn.
The firm also suggested it would refocus on the corporate market rather than on individual consumers.
It also announced the resignation of former co-chief executive Jim Balsillie.
Chief technology officer David Yacht will also be standing down.
Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.
Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.
Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.
For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.
The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading. Corporate focus
RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.
It has also struggled to gain a foothold in the tablet market.
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All people and everybody's entire body is up available for sale. David Stern isn't going to like that but he accepts it.
A traditionalist can even be a realist.
The commissioner that promotion on NBA jerseys is "something which is getting talked over with the NBA Governors. "This would be the one discussion board that understands that advertising on team jerseys has absent on for decades."
Stern isn't really a lover of the advertisements but he knows that many dollars in amplified income is often price talking about.
"Of every one of the leagues in the world, the NBA certainly is the only one which has its individual emblem on it," Stern mentioned. "No help and advice within the company and no sponsor, cheap nfl jerseys and that is one area that i have labored hard to protect for most decades. But I know that time possibly will should come to check out it. So we will let the Board of Governors make your mind up how to proceed."
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