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RIM Answers IPhone With 'Bold' Blackberry

Research In Motion is introducing the high-end Bold, or 9000, today. The model--which has twice the screen resolution of the Curve--is the company's first major new product in more than a year.

Bold matches the resolution, but not the size, of the screen on Apple's iPhone, which has emerged as a potent competitor in the "smart phone" category. It also has much more internal memory, a glossy metallic look, and adds corporate-strength Wi-Fi capabilities to third-generation cellular and Bluetooth radios.

RIM also plans to announce a $150 million fund that will invest in companies creating software for BlackBerrys and other mobile devices. The Royal Bank of Canada and Thomson Reuters are co-investors. The move echoes Apple's March announcement that it would set up a $100 million "iFund" for the development of iPhone and iPod Touch applications.

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Read the whole story at The Detroit News/AP »

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