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RIM, Red Hat Spark Rally
Published by: rose 2008-12-01

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Better than expected results from Research in Motion and Red Hat put investors in a holiday mood on Thursday.

RIM shares jumped 10.6% after the company's results and guidance beat Wall Street estimates. The only downside was that the company's subscriber growth suffered somewhat from its high-profile patent battle with NTP, but investors were cheered by the otherwise solid results.

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Have You Not Heard?::
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Red Hat, meanwhile, rose 4.7% on a big jump in Linux subscription revenue.

Gains in the broader market were driven by a personal income and spending report that showed little inflation pressure.

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scored six points in the final 25 seconds to spark the Reds stirring comeback. Red, which led by 10 points with 34 seconds left and held off a furious rally.
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The Nasdaq rose 14 to 2246, the S&P 500 added 5 to 1268, and the Dow climbed 55 to 10,889. Volume fell to 1.89 billion shares on the NYSE, and 1.54 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 19-11 on the Nasdaq. Upside volume was 65% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 101-95 on the NYSE, and 114-46 on the Nasdaq.

DUBOB 11- more tales from the Dark UnderBelly Of the Beast::
Peace activists (Code Pink) to rally at Pelosis San Francisco home. A World Without Children Democratic (the party of the Jews) said here; hat tip 1TRK
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Micron lost 3.5% on weak DRAM pricing, but that didn't hold back the chip sector, which gained more than 1% on the day.

Tibco and Cognos rose on their results.




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