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Thursday, November 05, 2009

Research In Motion Board approves $1.2 Bilion share Buyback (RIMM)

Comtex

Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) ----11/5/2009-Research In Motion (NASDAQ:RIMM) announced that its Board of Directors has authorized a common share repurchase program to buy shares with an aggregate price of up to USD$1.2 billion, or approximately 21 million common shares based on their current value. The total number of shares represents 3.6% of the company's float. The program could commence as early as November 9th and will remain in place for up to 12 months or until it is completed.

Write to Chip Brian at cbrian@tradethetrend.com

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