Investors Give RIM Breather From Year-Long Beating

Research In Motion’s brutalized stock won a welcome reprieve from investors today following the introduction of two new BlackBerrys — the Bold 9790 and Curve 9380. Seems the hardware, which runs the latest version of BlackBerry 7, is slick enough to convince some that RIM has a shot at reclaiming its dwindling share of the North American smartphone market.

The company’s shares are trading at $19.40 as I write this, after hitting $19.58. That’s more than a 6 percent spike.

Not bad considering they slipped below book value earlier this month and had been charting 52-week lows ever since. There’s still a long way to go if the company is to recover from the 69 percent plunge it has taken this year. But this is certainly a start.