Research in Motion Surging after Prem Watsa Stake

Shares of battered tech company Research in Motion RIMM are seeing much strength during Friday's trading session. Fairfax Financial Holdings released a 13G filing with the SEC this morning, in which they disclosed a 5.12% stake in Research in Motion. Currently, shares of Research in motion are up over 4% at $16.85. Over the last year, Research in Motion is down over 72%. Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. RIM provides platforms and solutions for access to information, including e-mail, voice, instant messaging, short message service.