Shares of BlackBerry drop after snub by Home Depot
BY Wire Reports
Tuesday, February 12, 2013
2/12/13 at 4:28 AM
Shares of BlackBerry fell 4.6 percent Monday after Home Depot said it will stop issuing the company's phones to its corporate employees and managers.
The home improvement chain said it will swap out 10,000 BlackBerry devices with Apple's iPhones.
The move deals a setback to BlackBerry, which unveiled a new lineup last month in a comeback attempt. Investors still hope the new BlackBerry 10 operating system will be a hit.