Research In Motion (RIMM) Powers Higher on Excitement Over 3G BlackBerry

Research In Motion Ltd. (Nasdaq: RIMM) is jamming higher today after announcing its 3G model, BlackBerry Bold. Shares of RIMM are up 6.7%.

The company said the BlackBerry Bold makes short work of downloading email attachments, streaming video or rendering web pages.

The BlackBerry Bold is scheduled to be available from wireless carriers around the world beginning this summer.

An analyst at Citigroup said the announcement of the 3G model is ahead of expectation, as they had been expecting the device later this year. The firm said, "we estimate the Bold could increase RIM's quarterly shipments by 200-400k." The firm reiterated their Buy rating.

On the web: www.BlackBerryBold.com

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