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Research In Motion Shares Rise on News of Handsets to Run Ap

Financial News Network
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August 25, 2011 AT 2:48 AM
After a report by Bloomberg, shares of Research in Motion (NASDAQ:RIMM) rose in afternoon trading on news that the company is preparing a future slate of handsets to run apps designed for the Android (NASDAQ:GOOG).The report, which cited unnamed sources, said the company is planning to design the capability into smartphone handsets that will operate on its QNX system.The handsets are not expected to launch until sometime next year.