RIM shares rally as optimism about new devices grows

Home Forums RIM shares rally as optimism about new devices grows

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    Anonymous

    Technology News

    A logo of the Blackberry maker's Research in Motion is seen on a building at RIM Technology Park in WaterlooTORONTO (Reuters) – Shares of Research In Motion Ltd surged 17.3 percent in Toronto on Thursday on rising optimism around RIM's soon-to-be-launched BlackBerry 10 devices that will vie against Apple's iPhone and Android-based smartphones. The rally in RIM shares was sparked by National Bank analyst Kris Thompson, who boosted his price target on RIM shares to $15 from $12. Thompson believes that there is more money to be made in the stock ahead of the early 2013 launch of the make-or-break new line of devices. …


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