Updating RESEARCH IN MOTION INC., SNC-LAVALIN GROUP INC. and POTASH CORP. OF SASKATCHEWAN

Article Excerpt

RESEARCH IN MOTION INC. $53 (www.rim.com) has agreed to license over 30,000 patents from Intellectual Ventures, a privately held U.S. company. RIM did not say how much it is paying, but the deal will help protect it from patent-infringement lawsuits. These patents should also help RIM add new features to its BlackBerry smartphones, or develop new products, such as its upcoming PlayBook tablet computer. Buy. SNC-LAVALIN GROUP INC. $54 (www.snclavalin.com) has won a contract to build a new airport terminal on Mayotte, a French-controlled island northwest of Madagascar. SNC will also operate the terminal under a 15-year concession agreement. The $62-million deal is small next to SNC’s annual revenue of $6.3 billion, but it enhances the company’s reputation and could lead to more contracts in this region. Best Buy. POTASH CORP. OF SASKATCHEWAN $54 (www.potashcorp.com) will probably ship 9.5 million to 10 million tonnes of potash in 2011. That would beat its 2007 record of 9.4 million tonnes. Rising prices for corn…