RIM (RIMM) Shares Lower, More Volatile as Nokia Trims Staff and Facilities

June 14, 2012 10:00 AM EDT
Research In Motion (Nasdaq: RIMM) is trading about 4.5 percent lower early Thursday following Nokia (NYSE: NOK) news issued early. The Finnish mobile device maker said it would be cutting 10,000 and closing several plants in an effort to return to profitability.

Option implied volatility on RIM is up 6 percent on the session from Wednesday's close.

For more on the Nokia announcement, click here.

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