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RIM Jumps on Chinese Smartphone Deal
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Investors sent shares of BlackBerry maker Research In Motion(RIMM Quote) soaring by more than 8% after the company said it has signed a deal with Alcatel-Lucent(ALU Quote) to distribute BlackBerry smartphones in China.
The deal comes after years of effort by RIM to enter China, which holds the potential to be by far the largest market worldwide for mobile phones.
RIM said it has started shipping its smartphones to distribution networks in China and expects widespread availability of its phones in the country by the end of the year. ...
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