October 23, 2007, 02:19 PM
|
 |
Cricket Legend
|
|
Join Date: April 12, 2006
Location: jinjira
Favorite Player: James Bond
Posts: 2,306
|
|
This is why RIMM is rocketing right now:
http://money.cnn.com/news/newsfeeds/...3-20439597.htm
Quote:
Alcatel-Lucent & Research In Motion to issue BlackBerry smartphones in China
October 23, 2007: 02:45 PM EST
BOSTON, Oct. 23, 2007 (Thomson Financial delivered by Newstex) -- Alcatel-Lucent (NYSE:ALU) said Tuesday that it signed an agreement with Research In Motion (NASDAQ:RIMM) to distribute BlackBerry smartphones in China.
The companies said the first smartphone offered to Chinese business customers will be the 8700 model, which they expect shipment to begin by the end of 2007. Alcatel-Lucent achieved certification of the 8700 model BlackBerry through its partnership with Chinese mobile device maker TCL Communications.
The financial terms of the agreement were undisclosed.
Shares of the Paris-based Alcatel-Lucent were up 2.5% at $9.35, while Canada-based Research In Motion was up 6.5% at $120.74.
Michael Lauenger
ml/tk1
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|