Research in Motion, Intel in deal-CNBC report

Iria · Aug 23, 2005, 07:37 AM

SAN FRANCISCO, Aug 22 (Reuters) - Research in Motion Ltd., maker of the Blackberry e-mail pager, has agreed to a joint development deal with the world's largest chip maker, Intel Corp., CNBC television said on Monday, pushing RIM shares up nearly 5 percent.

Shares of the Canadian company closed up C$4.50, or 5.1 percent, at C$93.09 on the Toronto Stock Exchange, and rose $4.21, or 5.75 percent, to $77.49 on the New York Stock Exchange. Intel shares were up 41 cents, or 1.6 percent, at $26.06 on Nasdaq.

CNBC reported that Research in Motion had agreed to a deal to use battery-saving chip technology from Intel. In return, Research in Motion will support Intel's push to encourage WiMAX technology, a long-distance wireless communications technology.

"This is considered a rumor at this point and they wouldn't comment on it," Meejin Annan-Brady, an external spokeswoman for Research in Motion in New York, told Reuters.

A spokesman for Intel was not immediately available for comment.
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Read More / Source: Reuters

Aug 23, 2005, 07:37 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Research in Motion, Intel in deal-CNBC report SAN FRANCISCO, Aug 22 (Reuters) - Research in Motion Ltd., maker of the Blackberry e-mail pager, has agreed to a joint development deal with the world's largest chip maker, Intel Corp., CNBC television said on Monday, pushing RIM shares up nearly 5 percent. Shares of the Canadian company closed up C$4.50, or 5.1 percent, at C$93.09 on the Toronto Stock Exchange, and rose $4.21, or 5.75 percent, to $77.49 on the New York Stock Exchange. Intel shares were up 41 cents, or 1.6 percent, at $26.06 on Nasdaq. CNBC reported that Research in Motion had agreed to a deal to use battery-saving chip technology from Intel. In return, Research in Motion will support Intel's push to encourage WiMAX technology, a long-distance wireless communications technology. "This is considered a rumor at this point and they wouldn't comment on it," Meejin Annan-Brady, an external spokeswoman for Research in Motion in New York, told Reuters. A spokesman for Intel was not immediately available for comment. ___________ Read More / Source: Reuters