Thread: Rimm
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Old 10-23-2007, 09:31 PM   #1
NorCal Cat
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NorCal Cat
Default Rimm

This is a stock that has been on my "watch list" for a while now. Very luckily, I finally took a position today, about 2 minutes after this news broke. RIMM has been killing it this year. ISRG is another stock that has been a juggernaut.

SAN FRANCISCO (Marketwatch) -- Shares of Research In Motion jumped more than 10% Tuesday afternoon on news that the company has secured a deal to sell its popular BlackBerry wireless device in China.

RIM issued a statement saying that it has signed a deal with Alcatel-Lucent to distribute the BlackBerry in China.

The company said the 8700 model will be the first version of the smart phone available to the Chinese market. The device is expected to become available later this year, though no specific date was given.
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