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BlackBerry (BBRY) Stock Advancing on New Smartphone Launch

NEW YORK (TheStreet) -- Shares of BlackBerry (BBRY) are up 1.17% to $7.16 in early-afternoon trading on Tuesday after the company announced the launch of its second Android-powered smartphone, following the PRIV.

The Canada-based telecommunications and wireless equipment company claims that the new DTEK50 smartphone is "the world's most secure Android smartphone." The updated phone "combines BlackBerry's unique security, privacy and productivity with the full Android experience in an all-touch design" at a reasonable price point, the company said.

"You wouldn't leave the doors of your house unlocked at night," David Kleidermacher, BlackBerry CSO, said in the announcement...