RIM unveils PlayBook, stock surges - MoneySense

RIM unveils PlayBook, stock surges

RIM gives jittery markets a peek at its answer to the iPad.


Research In Motion Ltd. stock jumped more than 6% on Tuesday after the company presented a working PlayBook tablet.

RIM had been keeping the market in the dark regarding the development of its answer to Apple’s iPad, leading some to question whether the device would be released on schedule. But a demonstration of the device on Monday at an Adobe conference instilled confidence in the company, boosting its stock.