Friday, June 29, 2007

RIM shares soar on outlook, unfazed by iPhone

(Reuters) - In research reports littered with phrases like "great," "spectacular," "powerhouse momentum" and "bordering on the unbelievable," analysts uniformly cheered RIM's first-quarter earnings and even more so the second-quarter outlook it reported on Thursday.




RIM, which also announced it would split its shares on a 3-for-1 basis by way of stock dividend, rose C$36.46 to C$211.68 on the Toronto Stock Exchange. On Nasdaq, it soared $33.66 to $199.25.


Read more at Reuters.com Market News

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