Stocks in the news: Research in Motion, Sun Microsystems, Google


Research In Motion Ltd. (RIMM) shares soared over 25 percent in pre-market trade after the company said its quarterly earnings rose nearly 26 percent and revenue jumped 25 percent. The company topped analyst estimates and guided fiscal first-quarter earnings also well above consensus. RIMM was upgraded by several firms, its target price increased.

Sun Microsystems (JAVA) is reportedly willing to lower its sale price for a stronger commitment from International Business Machines (IBM). The deal could come as early as Friday. Sun cut its takeover price to between $9 and $10 a share, down from the previously discussed $10 to $11. A $9.50 a share price would yield a $7 billion overall value for the deal. JAVA shares gained over 2 percent before the bell.