BlackBerry 10 clears another hurdle

Article Excerpt

BLACKBERRY INC. $15 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.0 million; Market cap: $7.9 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Average; www.blackberry.com) announced that the U.S. Department of Defense will let its employees use the company’s new smartphones, which run on the BlackBerry 10 operating system. The company’s unique software helps businesses and governments encrypt mobile email messages and other sensitive data. That’s why the Defense Department has 470,000 BlackBerry users, compared to just 49,700 users of other devices. BlackBerry is still a hold. hold…