Research In Motion Limited (NASDAQ: RIMM) is surging on news that it has signed a patent licensing agreement with Microsoft Corporation (NASDAQ: MSFT), giving RIM a broad access to extended file allocation tables for certain Blackberry devices.
More details to follow as the news is disseminated…
RIM shares are trading higher by about 3% to $7.47. The reaction would likely be better if the patent license was the other way around.
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