BlackBerry Maker Posts $125 Million Loss

    CHICAGO, IL - OCTOBER 12:  In this photo illustration, A Research In Motion BlackBerry device is shown on October 12, 2011 in Chicago, Illinois. A three-day disruption of service that has previously affected users in Europe, the Middle East, Africa and India has now spread to customers in North America. Customers are experiencing patchy email service and receiving no access to browsing or messaging.  (Photo Illustration by Scott Olson/Getty Images)

    Scott Olson / Getty Images

    Calling in some bad news for Research In Motion, the Canadian tech company that makes BlackBerrys. RIM lost $125 million last quarter despite a record number of people owning BlackBerrys and is now doing some serious soul-searching to face the challenges of the market. The bad news was compounded as former chief executive Jim Balsille resigned from the board of directors. (He quit his CEO post in January.) Jim Rowan, the chief operating officer, and David Yach, chief technology officer, are leaving the company as well.

    Read it at The Wall Street Journal