FOXNews.com: BREAKING NEWS: BlackBerry to ‘explore strategic alternatives’

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BREAKING NEWS: BlackBerry to 'explore strategic alternatives' Aug 12th 2013, 13:16 Developing: BlackBerry (BBRY) said its board of directors has formed a special committee to "explore strategic alternatives," including a sale of the company, joint ventures and partnerships. The company, once a leader in the smartphone industry, has seen its sales crumble amid heightened competition from names like Apple (AAPL), Samsung, Google (GOOG) and HTC. The Canada-based company's U.S.-traded shares have skidded lower by some 18% so far this year, and more than 90% over a five year horizon. However, the stock surged some 6% in pre-market trading on the back of the news. Recently, the launch of BlackBerry 10, touted as one of the company's comeback play, disappointed many analysts and sparked speculation BlackBerry could take itself private.

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