Research In Motion shares spike

Feb 01 2005 - 04:21 PM ET | Research In Motion
rim logoShares of Research In Motion [RIMM] were up more than 6% to $75.31 in trading on NASDAQ today. RIM is maker of the popular BlackBerry line of devices, but has recently seen its stock react to its legal woes. Analysts see the jump as more of a technical rebound than a reaction to positive news. Research In Motion is in a legal battle with small patent holding firm NTP over patent infringement. A final ruling has not been made, but most NTP has had better luck in judgements thus far.