Daily Archives: June 21, 2011

As stock plunges, could RIM be sold in whole or in parts? – The Globe and Mail

BlackBerry Bold 9000 connected to T-Mobile USA...

Image via Wikipedia

RIM in the crosshairs? Shares of Research In Motion Ltd. have fallen so far so fast that some are wondering again if Canada’s pride could soon become a takeover target.

We’ve heard this before, of course, but the talk appears to have picked up at a speed equal to the stock‘s decline. “Given how significant the deterioration of the stock price has been, that alone will cause interest,” said Paul Taylor, the chief investment officer at BMO Harris Private Banking in Toronto, according to Bloomberg News.” RIM still has meaningful market share in the U.S. and meaningful market share internationally, and RIM has an iconic brand. “Mr. Taylor said “it’s not hard to envision” a takeover bid of between $40 and $50 a share for the BlackBerry maker.

via As stock plunges, could RIM be sold in whole or in parts? – The Globe and Mail.

Strange Random Stock Quote:

“I’ve just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: ‘You really know about that stuff or did you just learn it for the commercial?’ I tell them I wouldn’t do it unless I understood and had an interest.” – Anna Kournikova (Russian Professional Tennis Player and Model, b.1981)

Enhanced by Zemanta
Advertisements
%d bloggers like this: