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"Over the past several
weeks, RIM’s software development teams have made major progress in the
development of key features for the BlackBerry 10 platform; however, the
integration of these features and the associated large volume of code into the
platform has proven to be more time consuming than anticipated," the
company said.
RIM reported a $518 million loss
for the company. It also said that it will slash 5,000 jobs as part of a
previously announced restructuring plan.