Reuters: Global Markets: RIM shares jump in Toronto, rebounding from post-earnings slide

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RIM shares jump in Toronto, rebounding from post-earnings slide Dec 27th 2012, 16:06 Tweet Share this Email Print Related News RIM shares dive as fee changes catch market off guard Fri, Dec 21 2012 U.S. agency gives RIM another shot, tests new BlackBerry Thu, Dec 13 2012 RIM outlines program for enterprise clients to adopt BB10 Thu, Dec 6 2012 Wall Street ends higher after swings on 'fiscal cliff' Thu, Nov 29 2012 RIM shares rise 6 percent as Goldman jumps on BB10 bandwagon Thu, Nov 29 2012 Analysis & Opinion The transparent DealBook conference Related Topics Hot Stocks » Asian Markets » The exterior of one of the Research In Motion Limited (RIM) buildings is seen in Waterloo July 10, 2012. Credit: Reuters/ Mike Cassese By Allison Martell TORONTO | Thu Dec 27, 2012 11:06am EST TORONTO (Reuters) - Shares of Research In Motion Ltd (RIM.TO) jumped more than 12 percent on the Toronto Stock Exchange on Thursday morning, following similar gains in New York on Wednesday, when Canadian equity markets were closed for Boxing Day. Last Friday, the volatile stock plunged more than 20 percent after the company said on a post-earnings call that it was rolling out a new fee structure for its services segment, which some fear could pressure the high-margin business. "It got hit so hard after the conference call," said Ed Snyder, an analyst with Charter Equity Research. "People are still fairly optimistic about (BlackBerry 10) coming out in January, so it's really just a value play." In the fall of 2012, RIM rallied as investors grew more optimistic about prospects for its new make-or-break BlackBerry 10 devices, to be formally unveiled on January 30. Wednesday and Thursday's gains also came after several websites posted photos of what they said could be the first BlackBerry 10 phone with a physical keyboard. RIM has said it plans to roll out touchscreen-only devices first, a few weeks before it releases a smartphone with the QWERTY keyboard many longtime BlackBerry users rave about. But some analysts believe the devices will not hit the market until spring. Management has touted BlackBerry 10's new on-screen keyboard, but some see the company's reputation for building solid, usable physical keyboards as an important competitive advantage as RIM fights for market share against Apple Inc (AAPL.O) and Samsung Electronics (005930.KS). Shares rose 12.1 percent to C$11.77 on the Toronto Stock Exchange. The company's Nasdaq-listed stock was little changed, up 0.1 percent at $11.84. Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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