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Bank Industry Woes Spill Over to RIM

BlackBerry maker’s stock drops after Cisco's negative projections

By Jim O'Neill,  Newser User

Posted Nov 9, 2007 10:59 AM CST

(Newser) – Research in Motion’s share price run-up ended yesterday on worries about softness in the banking industry, after Cisco Systems reported declining orders for its products, Reuters reports. The BlackBerry maker’s stock was up 140% since June, with analyst raising price targets 30-50% after...   Read full story »

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