RIM: Still No News But Value Gains $230M

Despite no major announcements ahead of its Tuesday annual meeting, BlackBerry developer Research in Motion (Nasdaq: RIMM) was worth another $230 million when markets closed on Friday.

Shares of the Waterloo, Ontario company rose nearly 6 percent, reaching $8.14 before easing back to $8.10 up 41 cents, or 5.3 percent,.valuing the smartphone company at $4.18 billion.

On Thursday, shares rose as much as 6.5 percent, before easing to $7.69, boosting RIM's market capitalization around $350 million to $3.95 billion.

Despite the two-day boost, the BlackBerry company's value is still 71 percent less than it was a year ago.

The company Friday said it had launched its BlackBerry Curve 9320 phone in Malaysia. Neither it nor any outside shareholder had filed any documents with the U.S. Securities and Exchange Commission by Friday afternoon.

New CEO Thorsten Heins, 54, is scheduled to face shareholders for the first time since taking over six months ago. He hired JPMorgan Chase (NYSE: JPM) and Royal Bank of Canada (NYSE: RY) to provide strategic advice to the loss-ridden phone and tablet maker.