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RIM stock rises with BlackBerry 10 Hype

Investors are starting to love Research In Motion. RIM’s stock (NASDAQ:RIMM) jumped more than 10%, briefly passing $15 a share for the first time since February of last year before ending yesterday at $14.95. The launch of the BlackBerry 10 operating system, which is set to take place at the end of this month, has really sparked interest and optimism in investors.

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Predictions Made for March 2013 Launch of BlackBerry OS10

  Shares of Research in Motion (RIMM) are up 68 cents, or almost 9%, at $8.60, and rose as high as $8.85, after the company last night said its “BlackBerry 10” software for it smartphone products had crossed a threshold, entering testing with cell phone operators, and the company’s CEO, Thorsten Heins, said he had been making visits with telcos in recent weeks to show off the new technology.

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Press Release: Research In Motion Reports First Quarter Fiscal 2012 Results and Revises Full Year Guidance – Shipped 500,000 BlackBerry Playbook tablets

Research In Motion Reports First Quarter Fiscal 2012 Results and Revises Full Year Guidance Announces Plans to Streamline Operations and Accelerate New Product Introductions Board of Directors Approves Share Repurchase Program WATERLOO, ONTARIO–(Marketwire – June 16, 2011) – Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported first quarter results for the three months ended May 28, 2011 (all figures in U.S. dollars and U.S. GAAP). Highlights: Revenue in the first quarter of fiscal 2012 grew 16% over the same quarter last year International revenue1 in Q1 grew 67% year over year Gross margin in the quarter was approximately 44%, slightly higher than expected due to product mix RIM launched the BlackBerry PlayBook tablet in North America and shipped approximately 500,000 units in the first quarter Q1 Fiscal 2012 Results:

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