Tuesday, October 23, 2007

RIM Shares up as Blackberry enters China!

Research in Motion shares jumped 8% today on the news that the Blackberry phones will now be marketed in China. CEO Jim Basillie made the announcement regarding the Alcatel-Lucent joint venture today which drove the company's share price to $120.42 on the TSX. This follows weeks of speculation as the markets were awaiting this long overdue announcement and reacted as expected. More

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