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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM -- Ignore unavailable to you. Want to Upgrade?

To: arisetech who wrote (568)	12/22/1999 9:27:00 AM
From: arisetech	Respond to of 989

Globe says Research in Motion boosted by Griffiths Research In Motion Ltd RIM Shares issued 62,165,317 Dec 21 close $68.25 Wed 22 Dec 99 In the News The Globe and Mail reports in its Wednesday edition that Research In Motion shares rose $3.50 to $68.25 on the Toronto Stock Exchange on Tuesday. In its Market Movers column, the newspaper says that Griffiths McBurney & Partners analyst Howard Lis of Toronto has reiterated his "focus buy" investment rating on Research In Motion, which is based in Waterloo in Ontario. Mr. Lis also increased his 12-month stock price target to $100. Research In Motion, which makes the Blackberry, a two-way pager that lets people send and receive E-mail while on the go, has been a stock market darling in recent months. Looming competition from Microsoft and L.M. Ericsson Telephone, however, could change the picture, according to observers. RIM's third-quarter results were released after the close of markets on Tuesday. Revenue for the quarter ended Nov. 30 was $23.7-million (U.S.), up 35 per cent from a year earlier. The company's profit was $3.2-million (U.S.), or five U.S. cents a share, compared with $2.8-million (U.S.), or five U.S. cents. The results met analysts' expectations. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com