RIMM set to spike


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Research in Motion ( RIMM ), the manufacturer of the seemingly waning BlackBerry, is reportedly putting the final touches on it PlayBook tablet for release early next month.

CNN reports shares for the Waterloo, Ontario-based company have gained as much as 18 percent this year. Shares for Apple ( AAPL ), which has conducted high-profile events for the iPhone and the iPad2, have increased 11 percent in 2011. While both companies are performing strongly, one analyst is expected to gain sudden steam to propel it forward.

"I still think Apple is going to own the overall tablet market, but RIM is a leading contender to own the corporate market," Kris Thompson, an analyst with National Bank Financial in Toronto, told CNN.

Many analysts view the PlayBook as being attractive to big business, akin to BlackBerry's record.

The partnership between Microsoft ( MSFT ) and Nokia ( NOK ) has returned the direct opposite of rave reviews, which one analyst said can be to the benefit of the manufacturer of BlackBerry and the PlayBook.

"RIM has really been given a gift with Nokia," Peter Misek, an analyst with Jeffries & Col, told CNN. "It can steal a lot of share in Europe and Latin America."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Personal Finance Technology
Referenced Stocks: AAPL , MSFT , NOK , RIMM

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