Wednesday, August 17, 2011

Research In Motion Limited (NASDAQ:RIMM) Introduces First Touch Screen Phone

Research In Motion Limited (NASDAQ:RIMM) has introduced its first full touch
screen smartphone. Research In Motion Limited (NASDAQ:RIMM) Introduces First
Touch Screen Phone The BlackBerry maker Research In Motion Limited (NASDAQ:RIMM)
has finally unveiled its first full touch screen smartphone, BlackBerry Torch
9850, without a physical keyboard. The new device, which uses BlackBerry 7OS,
will be available from Sprint on Sunday for $150 with a two year contract. The
Torch 9850 resembles the older BlackBerry models with keyboards. Research In
Motion Limited (NASDAQ:RIMM) claims that this device has the largest display,
with a 3.7 inch high resolution touch screen. The company will introduce two
BlackBerry models, Bold 9930 and Torch 9810, with physical keyboards and touch
screen on Sunday. Research In Motion Limited (NASDAQ:RIMM) shares were at 26.93
at the end of the last days trading. Theres been a -36.8% movement in the stock
price over the past 3 months. Research In Motion Limited (NASDAQ:RIMM) Analyst
Advice Consensus Opinion: Moderate Sell Mean recommendation: 3.05 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 2.79 Zacks Rank: 24 out of 24 in the industry

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