RIM (RIMM), Microsoft (MSFT), Nokia (NOK) Surge on the Anti-Android Trade
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Shares of Research In Motion Limited (Nasdaq: RIMM), Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK) are jumping in pre-open trading Monday following Apple's (Nasdaq: AAPL) victory Friday versus Samsung.
A jury found that Samsung had infringed six Apple's patents and awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products.
Non-android smartphone makers are jumping for joy on the news on the possible injunction and additional action from Apple toward other Android players.
Shares of RIM last traded at $7.38, up 6.3 percent. Microsoft is up 1 percent and Nokia is up 11 percent.
A jury found that Samsung had infringed six Apple's patents and awarded a minimum of $1.05B in damages and is looking for an injunction against infringing Samsung products.
Non-android smartphone makers are jumping for joy on the news on the possible injunction and additional action from Apple toward other Android players.
Shares of RIM last traded at $7.38, up 6.3 percent. Microsoft is up 1 percent and Nokia is up 11 percent.
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