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BlackBerry (BBRY) Stock Closed Up as Priv Pre-Orders Begin

NEW YORK (TheStreet) -- BlackBerry (BBRY - Get Report) stock closed higher by 2.38% to $7.32 on heavy trading volume, after pre-orders began on Friday for Priv, the technology company's first Android phone.

The company is highlighting the mobile phone's security features as it attempts to save its smartphone unit.

"Priv will be the answer for former Blackberry users who miss the physical keyboard but want more apps," CEO John Chen said in a blog post.

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BlackBerry will abandon the smartphone business if sales do not improve, Chen told The Verge earlier this month.

Priv features a 5.4-inch screen that slides up to reveal a keyboard, 32 gigabytes of flash memory as well as MicroSD slot for up to 2TB of added memory, and a battery that offers up to 22.5 hours of battery life.

The phone costs $699 and will begin shipping on November 6, but it is not compatible with...