Prominent investor Prem Watsa of Fairfax Financial Holdings has disclosed a 9.9% stake in the total outstanding common shares of Research in Motion (Nasdaq:RIMM). RIMM has been in a hurt of trouble over the last few years as the Blackberry begins to lose its luster and increased competition from the likes of Apple and Samsung. Prem Watsa is known for taking substantial position in value plays. RIMM, a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999.

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