TORONTO (AP) — BlackBerry-maker Research in Motion says one of its top executives is on medical leave.
RIM spokeswoman Marisa Conway said Thursday that Chief Operating Officer Don Morrison will be on medical leave until later this year. Larry Conlee, who retired as COO in 2009, will return to the company as a special adviser.
The Waterloo, Ontario, company also reported a nearly 10 percent drop in its fiscal first-quarter net income.
RIM also said it has been hurt by product delays, announced layoffs and warned that its profit for the current quarter and full fiscal year would come in well below Wall Street's expectations.
It was the second time this year the company has pared back its profit outlook. Its stock fell more than 14 percent in extended trading.
