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Tech stocks traded lower Friday as the broader market remained depressed over inflation fears from a spike in the consumer price index and its impact on the economy.
BlackBerry smart phone maker, Research In Motion(RIMM Quote) gained 2.6%, ahead of its third-quarter results, which will be reported on Thursday.
Two Wall Street analysts, from Citigroup and Goldman Sachs, issued bullish research notes suggesting that demand for smart phones remains strong and recent woes in the financial sector is unlikely to impact IT spending on RIM's products. RIM was up $2.61 to $106.91. ...
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