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Research In Motion (RIMM +2.4%) appears to be getting a lift from Nokia's Q4 pre-announcement....

Research In Motion (RIMM +2.4%) appears to be getting a lift from Nokia's Q4 pre-announcement. Reuters is reporting Verizon, AT&T, and T-Mobile USA execs have confirmed at CES their companies will sell BlackBerry 10 devices, though this was generally expected. Also rallying: telecom equipment vendors Alcatel-Lucent (ALU +3.9%) and Ericsson, and European chip companies STMicroelectronics (STM +5.1%), NXP (NXPI +3.1%), and ARM (ARMH +4%).
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Comments (3)
  • DeepValueLover
    , contributor
    Comments (10012) | Send Message
     
    RIMM is a bigger bargain than Nokia because of its pristine balance sheet and subscriber base. Nokia AND RIMM are pretty good turnaround candidates though...
    10 Jan 2013, 10:13 AM Reply Like
  • Eric Dee
    , contributor
    Comments (1832) | Send Message
     
    I believe that in the right portfolio, RIMM is a good pick, I have very little exposure to RIMM right now, am waiting, waiting, waiting to see what Jan. 30th brings.

     

    Most of my smartphone exposure is in AAPL as that Co. has diversified and historically been much stabler over the past 5 years.

     

    I don't see how BB10 can be bad for RIMM, so maybe we who have long term investment strategy will see some of our money come back.
    10 Jan 2013, 11:59 AM Reply Like
  • Franklin Tomas
    , contributor
    Comments (5) | Send Message
     
    So - how is a lift based on broad us carrier support related to NOK's price again?
    26 Jan 2013, 01:31 AM Reply Like
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