Shares of Research In Motion Ltd surged as much as 11 percent on Monday
as the countdown toward the January 30 launch of its long-awaited
BlackBerry 10 smartphones winds down and carrier support for the new
RIM stock rose as high C$15.08 in early Nasdaq trading.
Some analysts said a dearth of any major smartphone news at the Consumer
Electronics Show in Las Vegas last week boded well for RIM as it inches
closer toward unveiling the make-or-break new line.
"The lack of
new smartphone buzz could be seen as positive given it clears the road
for the BlackBerry 10 device announcement January 30," TD Securities
analyst Scott Penner said in a note to clients.
The lack of news
was expected. Even so, Penner wrote, it reassured investors that the
BlackBerry 10 would be competitive with the best that Apple Inc, Samsung
Electronics, Nokia and other rivals have on offer.
The stock also
got a boost from media reports on Monday that Aircel and Vodafone Group
Plc are gearing up to market the new BlackBerry in India. RIM has long
counted India for strong growth, especially as its current lineup has
lost ground in North America and Europe.
The Indian news comes
just days after three of the top U.S. mobile carriers - Verizon
Communications, AT&T Inc and T-Mobile USA - signaled that they would
support RIM's BlackBerry 10 products.
Shares of RIM were up 9.6
percent at $14.86 at 1100 EST (1600 GMT) on the Nasdaq, while its
Toronto-listed shares were up 9.7 percent at C$14.62.
© Thomson Reuters 2012
Is this the BlackBerry 10 L-Series smartphone?