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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (76)	1/24/1999 7:47:00 PM
From: Mark[ox5]	Respond to of 779

Tuesday January 19, 8:36 pm Eastern Time Research In Motion up as product launched TORONTO, Jan 19 (Reuters) - Wireless mobile communications device maker Research In Motion Ltd. (Toronto:RIM.TO - news) extended its run-up on Tuesday, breaking through a 52-week high as it unveiled a new product and investors kept piling on board. Research in Motion, based in Waterloo, Ontario, rose C$1.80 to C$14.80 on Tuesday, past its old high of C$13.25, on heavy volume of more than 2.3 million shares. The company, which makes two-way pagers, wireless personal computer card adapters, and wireless radios, has garnered attention in recent weeks after it was included on the Toronto Stock Exchange's 300 Composite Index. It also has said it plans to seek a listing on Nasdaq. Research In Motion on Tuesday unveiled a product for Microsoft Exchange users which lets them retrieve their corporate electronic mail wherever they go. The product, called ''Blackberry'', is a wireless handheld device that includes a personal computer docking cradle, software and flat-rate airtime over networks. It uses the national wireless network operated by BellSouth Corp. (NYSE:BLS - news) in the United States and that operated by Rogers Cantel and AT&T Canada north of the border. Analyst Adam Adamou, at Taurus Capital Markets, said he thought that the company had an ''excellent'' management team and is highly competitive in the marketplace with strong technology. The company's move to list on Nasdaq will open it up to a larger market of U.S. investors, Adamou noted. But with its recent run-up the stock price was on the high end of Adamou's short-term range, factoring in potential risks in the firm's markets over the next nine months, he said. Adamou currently rates the stock a hold. ($1=$1.53 Canadian)