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BlackBerry shares up after company sends invite for potential new launch

September 3, 2014

The Canadian Press

TORONTO - Shares of BlackBerry (TSX:BB) are climbing higher after the tech company announced plans for an event later this month that could officially unveil the Passport, it's latest smartphone.

The Waterloo, Ont.-based company's stock was up nearly four per cent to $11.85 near midday a rise of 43 cents.

That follows an increase of about three per cent in the trading session on Tuesday, when the company posted the cryptic details of events slated for Sept. 24 in Toronto, London and Dubai.

BlackBerry is widely expected to use the invitation-only events to officially unveil the Passport, a new device that meets somewhere between a smartphone and a tablet in size, and is designed to cater to professionals that need larger screens to view documents or technical schematics.

Chief executive John Chen offered a brief peek of the smartphone after the company's annual meeting earlier this summer. He said the Passport would be available in some international markets by the end of September.

BlackBerry shares have proven volatile over the past year, fluctuating between a high of more than $12 and a low of $5.79.

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Source: Canadian Press DataFile

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