[Reuters] BlackBerry steps back on handset business, shares jump

Posted by: UGN Security

[Reuters] BlackBerry steps back on handset business, shares jump - 12/23/13 12:24 AM

TORONTO (Reuters) - BlackBerry Ltd said on Friday it was entering a handset production deal that lowers the risk it will have to take more massive writedowns on unsold smartphones, and its shares surged even though it posted dismal quarterly results.