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Research In Motion Shares Jump on Upgrade

 

Shares of wireless-device maker Research In Motion(RIMM Quote) rallied almost 9% Friday, boosted by an upgrade and hints of new alliances.

SG Cowen raised its rating on the company to market perform from underperform following comments reportedly made by company executives at a German tech trade show, ceBIT. Executives reportedly told journalists that the company plans to announce new deals involving handset companies and carriers at next week's Cellular Telecommunications Industry Association trade show in New Orleans. ...

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