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Research in Motion Ltd. Shares Drop, Following co-CEO's Comments on New Smartphones (RIMM)

Written on Mon, 04/26/2010 - 11:58am
By Chip Brian

04/26/2010 - Shares of Research in Motion Ltd. (NASDAQ:RIMM) fell Monday, following comments at an analyst meeting by the company's co-CEO, Jim Balsillie.
Research in Motion shares dropped 2.8% at $68.63 earlier today.
Charter Equity analyst Ed Snyder said, "[The stock] dipped because Jim didn't introduce the new operating system or a good phone," as people had hoped for.
Research in Motion announced two new BlackBerry Bold and Pearl smartphones today, but many were hoping to see touch-screen capabilities and enhanced designs of the mobile devices.
Shaw Wu of Kaufman Bros. said, "The market is likely somewhat underwhelmed by the announcements relative to expectations around the new WebKit browser shipping, as well as new form factors."
Research in Motion continues to trade down 2.38% at $68.94.

Keywords: Research in Motion BlackBerry pearl smartphones financial research

Ticker(s): RIMM NEWS

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