Research In Motion (RIMM) shares are halted after the company provides a business update in...

|By:, SA News Editor

Research In Motion (RIMM) shares are halted after the company provides a business update in which it says it has hired JPMorgan and RBC to assist with a "strategic review" that will cover licensing and partnership opportunities, and "strategic business model alternatives." A prior report claimed RIMM was leaning towards hiring JPM. RIM also says it expects to report an operating loss for FQ1 (ends June 2), citing both lower volumes and tough pricing - analysts currently expect EPS of $0.43.