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BlackBerry maker RIM hires bankers, warns of loss

Research In Motion Ltd on Tuesday warned it could report its second consecutive quarterly operating loss and said it had engaged bankers to help it review its business, the latest in a string of dismal messages from the once-dominant BlackBerry maker.

"We’re looking at this as a salvage, value-type situation. The valuable assets in RIM are cash on the balance sheet, the recurring enterprise software revenue, and their patents," said Mark McKechnie, an analyst at ThinkEquity LLC.