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RIMM Sends Tech ETFs Higher

by on December 18, 2009

Research In Motion, the Canadian Maker of the popular BlackBerry smartphone, reported strong third quarter results on Thursday, beating Street expectations by 6 cents a share and sending shares soaring up by more than 7% in early Friday trading. Many analysts had anticipated that increased competition from other device makers would drag down sales, but RIMM shipped 10 million smartphones for the quarter. [click to continue…]

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