RIM Share Price: Stock Dips Below $10 For First Time In Almost A Decade

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RIM STOCK PRICE 8 YEAR LOW
Research In Motion CEO Thorsten Heins. RIM stock has sunk below $10 for the first time in almost a decade. (AP photo) | AP

WATERLOO, Ont. -- Research In Motion Ltd. (TSX:RIM) stock sunk below $10 on Monday for the first time since 2003.

Shares in the embattled BlackBerry maker slid as low as $9.97 in afternoon trading on the Toronto Stock Exchange.

That was the lowest the shares have traded since November 2003.

The stock ended the trading day at $10.03, down 65 cents or 6.09 per cent.

RIM shares have taken a beating since announcing last week after the Waterloo, Ont.-based company has hired two outside firms to advise on its troubled business and financial performance.

The company also projected an operating loss in the current quarter and warned it will cut staff throughout the year.

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