 "BlackBerry to raise $605 million from shareholder Fairfax, others")
BlackBerry Ltd posted a 31.8% fall in its second-quarter revenue earnings, prompting it to say it would end all internal hardware development including those involving smartphones.
The Ontario-based company, Waterloo, reported the company suffered a net loss of $372 million, or 71 cents a share, while earning a revenue of $334 million. A year ago, it reported a profit of $51 million, or 24 cents a share, on revenue of $490 million. Excluding one-time items, the company said it broke even.
