Deals
RIM’s New Operating System Will ‘Surprise,’ Cooperman Says
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Research In Motion Ltd., struggling to stem sales declines amid competition from Apple Inc., gained the support of hedge-fund manager Leon Cooperman, who said the BlackBerry maker’s new operating system will help it rebound.
“People think it’s a melting ice cube,” Cooperman, whose Omega Advisors Inc. hedge fund purchased a stake in RIM last quarter, said today in an interview. “We think the new operating system is going to surprise people” and that RIM is going to meet its projections.