BlackBerry 10: RIM Dismisses 'Dead On Arrival' Comment

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BLACKBERRY 10
Thorsten Heins, President and CEO of Research in Motion (RIM), speaks at the company's Annual General Meeting, less than two weeks after announcing disappointing financial results, deep job cuts and the latest delay in its BlackBerry 10 software, in Waterloo, Ontario, Tuesday, July 10, 2012. Analysts believe RIM is running out of time to turn itself around. Sales of the once-pioneering BlackBerry phones fell 41 percent in the latest quarter and likely won't pick up again until new phones come ou | AP

WATERLOO, Ont. - Research In Motion has won U.S. security clearance for devices based on its yet-to-be launched BlackBerry 10 platform.

The Waterloo, Ont.,-based company announced early today that it had received the crucial Federal Information Processing Standard certification, known as FIPS 140-2.

RIM (TSX:RIM) says the certification will enable government agencies to deploy the new devices. It says this is the first time BlackBerry products have been FIPS certified ahead of launch.

The announcement came a day after RIM stock fell by more than eight per cent to $8.23 after a report from an analyst at Pacific Crest Securities warned the BlackBerry 10 software may be "dead on arrival."

The company's stock had been on a rally of late, lifting steadily in the past week to a four-month high. Wednesday's tumble nearly wiped out all of those gains.

But RIM played down the analyst's comments, saying the software had received positive reviews elsewhere.

The company said earlier this month that its new smartphones were being tested by 50 phone carriers around the world, ahead of their launch early next year.

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