Shares of Research In Motion Ltd. (RIMM) have been heading up since the BlackBerry maker beat expectations with its first quarter profit last week
and announced a three-for-one stock split. But news that RIM may have cracked the Chinese mobile phone market with approval to sell its handsets in China as soon as the end of August, will likely keep the stock moving again on Wednesday.
China remained the last holdout in a lucrative Asian market that is home to countless multinational companies.
In May 2006, RIM announced it would partner with China Mobile Communications Co., China's largest mobile operator, to launch the popular BlackBerry service, but provided no further details on when handsets would be sold.