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** Canadian smartphone maker's shares up as much as 7.4 pct at C$11.18; U.S.-listed shares up 7.4 pct at $8.46 - biggest pct gain in 9 months for both stocks
** Says it will outsource the development and design of its smartphone and bets on software and managing rival devices
** Says could break even or post a loss up to 5 cents per share for full year, excluding special items. Previous forecast loss of 15 cents.
** Reports Q2 results; revenue falls to $334 mln from $490 mln, missing analysts' estimate of $393.75 million.
** More than 2 mln Canadian shares traded, 2.5x their 30-day moving avg; 14 mln U.S. shares traded, 4.5x their 30-day moving avg
** Up to Tuesday's close, both stocks had risen about 25 pct in 12 months