Research In Motion Limited (NASDAQ:RIMM) has signed a licensing deal with Microsoft.

Research In Motion Signs Microsoft Deal

The struggling BlackBerry maker Research In Motion Limited (NASDAQ:RIMM) has struck a licensing deal with Microsoft to use Microsoft’s exFAT file system in BlackBerry smartphones.

The deal will allow the company to add more multimedia capability to its phones.

RIM will use the technology to share data across a broad range of platforms.

The new technology will help Research In Motion Limited (NASDAQ:RIMM) to meet demand for mobile devices to display richer images and data than traditional phones.

Research In Motion Limited (NASDAQ:RIMM) shares were at 7.42 at the end of the last day’s trading. There’s been a -31.6% change in the stock price over the past 3 months.

Research In Motion Limited (NASDAQ:RIMM) Analyst Advice
Consensus Opinion: Moderate Sell
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 18 out of 27 in the industry