Tuesday 9 August 2011

RIM Investor Primecap Management Doubles Stake to 5% in Bet on BlackBerry

Primecap Management Co. doubled its stake in Research In Motion Ltd. (RIM), making it the Blackberry maker’s biggest outside investor in a move that may signal its confidence the company’s shares are poised to recover. Primecap now holds 26.4 million shares, or 5 percent of RIM’s outstanding ...

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