RIM shares rally as investors bet on takeover

Release Date 7 Oct, 2011 in BusinessWeek

 
   
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Is RIM shot or a slam dunk?

CanadianBusiness.com - 7 Oct, 2011
By Chris Umiastowski | October 06, 2011 I'm known for following Research In Motion. I've also been a RIM shareholder for over 11 years. I feel the stock's short-term outlook is extremely positive, though I usually take a long-term perspective on ...

RIM cancels investment in RI due to misleading info: Govt

Jakarta Post - 7 Oct, 2011
BlackBerry producer Research in Motion (RIM) has canceled its investment plan in Indonesia due to misleading information that says it will have to pay tax in both Indonesia and Canada. “That's wrong. There is cooperation between Indonesia and Canada so ...

Internet to be driven by mobile: RIM

Independent Online - 7 Oct, 2011
The future of the internet will be driven by mobile innovation, according to Rory O'Neill, VP of software and services for EMEA at Research In Motion (RIM). Speaking at the BlackBerry Innovation Forum 2011 in Bryanston on Thursday, O'Neill said that ...

RIM shares rally as investors bet on takeover

BusinessWeek - 7 Oct, 2011
Research in Motion's battered stock bounced back Wednesday amid renewed speculation that the slumping BlackBerry phone maker might be snapped up by an opportunistic buyer. Investors also may have been relieved that Apple Inc.'s latest iPhone, ...

Business Watch Business watch

Winnipeg Free Press - 7 Oct, 2011
TORONTO -- Shares of Research In Motion were up sharply Wednesday amid new takeover rumours surrounding the BlackBerry smartphone-maker, this time involving UK-based telecom giant Vodafone. At one point, RIM shares gained as much as 15 per cent before ...

RIM just looks like a bargain

ZDNet Asia - Roger Cheng - ‎Oct 5, 2011‎
BlackBerry maker would seem to be an attractive acquisition target. Unfortunately, a takeover is unlikely, leading one analyst to maintain his negative view on the company. ...

RIM shares rally as investors bet on takeover

Forbes - ‎Oct 5, 2011‎
AP , 10.05.11, 09:05 PM EDT SAN FRANCISCO -- Research in Motion's battered stock bounced back Wednesday amid renewed speculation that the slumping BlackBerry phone maker might be snapped up by an opportunistic buyer. Investors also may have been ...

RIM shares surge on takeover tattle

TODAYonline - ‎Oct 5, 2011‎
TORONTO - Shares of Research In Motion surged yesterday on takeover speculation a day after the BlackBerry maker's stock fell below US$20 for the first time in almost six years. The stock closed more than 12 per cent higher - its largest one-day gain ...

RIM shares jump 10 per cent on latest takeover rumour

Globe and Mail - ‎Oct 5, 2011‎
The precipitous decline this year in the market value of Research In Motion Ltd. RIM-T has opened the door to a steady flow of takeover rumours. On Wednesday, the stock jumped more than 10 per cent or $2.29, to $24.49 on the Toronto Stock Exchange ...

RIM jumps more than 12 percent on more takeover talk

Reuters Canada - Alastair Sharp - ‎Oct 5, 2011‎
TORONTO (Reuters) - Shares of Research In Motion surged on Wednesday on takeover speculation a day after the BlackBerry maker's stock fell below $20 for the first time in almost six years. The stock closed more than 12 percent higher ...

Why Don't Yahoo and RIM Just Get Hitched?

Wall Street Journal (blog) - Kevin Kingsbury - ‎Oct 5, 2011‎
Since the takeover talk apparently can't stop, how about Research in Motion and Yahoo just get married and let's call it a day? That's about as plausible as why the stocks of both would rise every time the next company in the conga ...

RIM shares blast higher on speculation

Globe and Mail (blog) - david berman - ‎Oct 5, 2011‎
Research In Motion Ltd. RIM-T is glowing red-hot yet again. In early afternoon trading on Wednesday, the stock was up about 12 per cent â€" meaning that it has risen a total of 21 per cent from Tuesday's intraday low. Those are big gains in two days, ...

RIM: Baird Thinks M&A Rumors 'Far-Fetched'

Barron's (blog) - Tiernan Ray - ‎Oct 5, 2011‎
RW Baird's William Power, who maintains an Underperform rating on shares of Research in Motion (RIMM) and a $20 price target, weighs in on the spike in RIM shares today over what appear to be take-out rumors of various stripes â€" the ...

Rumors Take Research in Motion Stock On Wild Ride

Wall Street Journal - Will Connors - ‎Oct 5, 2011‎
TORONTO (Dow Jones)--Since announcing disappointing earnings last month, Research in Motion Ltd.'s (RIMM) stock price has been on a wild ride--most recently upward, with analysts and investors citing a series of ...

Research in Motion: Here's One Reason Investors Hope for a Unicorn Rescue

Wall Street Journal (blog) - Kevin Kingsbury - ‎Oct 5, 2011‎
Nothing's changing in the US smartphone market, which is bad news for Research in Motion. New data from comScore shows Samsung and Apple gaining handset market share while Motorola and Research in Motion continue to decline. ...

Research in Motion Market Share Still Slipping

Wall Street Journal (blog) - Shira Ovide - ‎Oct 5, 2011‎
This is why Research in Motion needs a magical unicorn rescue. The embattled maker of the Blackberry continues to lose market share to its sexier rivals. According to fresh data from comScore, RIM on average had a 19.7% share of the US ...

RIM shares surge on takeover rumour

CBC.ca - Pete Evans - ‎Oct 5, 2011‎
Beginning of Story Content Shares In Research in Motion had their largest single-day gain in more than two years on Wednesday as a report suggested cellular carrier Vodafone may be interested in the company. The Wall Street Journal's market blog ...

Research in Motion: Another Magic Unicorn Rally

Wall Street Journal (blog) - Mark Gongloff - ‎Oct 5, 2011‎
Research in Motion is screaming 14% higher, today on fresh takeover rumors. A week ago it was Carl Icahn, today it's Vodafone, reports Ben Dummett: Research In Motion climbs on rumors that Vodafone is reportedly taking a look at the ...

RIM Shares Advance Most Since 2009 on Takeover Speculation

BusinessWeek - Hugo Miller - ‎Oct 5, 2011‎
Oct. 5 (Bloomberg) -- Research In Motion Ltd., maker of the BlackBerry smartphone, advanced the most in 2 1/2 years on continuing speculation the company may be a takeover target. RIM rose $2.60, or 12 percent, to $23.60 at 4 pm New York ...

RIM Shares Gain Most Since '09 on Speculation Company Is a Takeover Target

Bloomberg - Hugo Miller - ‎Oct 5, 2011‎
Research In Motion Ltd. (RIM), maker of the BlackBerry smartphone, advanced the most in 2 1/2 years on continuing speculation the company may be a takeover target. RIM rose $2.60, or 12 percent, ...

RIM jumps more than 14 pc on more takeover talk

Economic Times - ‎Oct 5, 2011‎
TORONTO: Shares of Research In Motion jumped more than 14 percent on Wednesday morning on takeover speculation a day after the BlackBerry maker fell below $20 for the first time in almost six years. The stock jumped $2.95 to $23.95 on the Nasdaq by 11 ...

RIM jumps more than 14 pct on more takeover talk

Reuters - Alastair Sharp - ‎Oct 5, 2011‎
TORONTO Oct 5 (Reuters) - Shares of Research In Motion (RIM.TO) jumped more than 14 percent on Wednesday morning on takeover speculation a day after the BlackBerry maker fell below $20 for the first time in almost six years. The stock jumped $2.95 to ...

RIM Spikes 13%, But Bernstein Skeptical Of Take-Out Talk

Barron's (blog) - Tiernan Ray - ‎Oct 5, 2011‎
On the heels of another round of rumors yesterday that Research in Motion (RIMM) might be shopping itself around, or that activist investor Carl Icahn may be looking to load up on the stock, Sanford Bernstein's Pierre Ferragu this ...

Research in Motion Jumps on Rumor of the Day

Wall Street Journal (blog) - ‎Oct 5, 2011‎
Shares of Research In Motion are soaring today on rumors that UK telecom company Vodafone is taking a look at the battered smartphone maker. RIM shares are up 11% this morning. Struggling to compete against Apple, Google and others, while its stock is ...

RIM just looks like a bargain

CNET - Roger Cheng - ‎Oct 5, 2011‎
RIM has seen its shares tumble by 71 percent since February, and many of its problems are well understood at this point. But the unlikely scenarios of a takeover or drastic strategy change suggest that the company will continue to be mired in its ...

Research In Motion: No Buyer Likely To Emerge, Analyst Says

Forbes - ‎Oct 5, 2011‎
After a long career at Barron's, I joined Forbes as San Francisco bureau chief in December 2010. I've been writing about technology and investing for more than 25 years. With the Tech Trade, I'll pick up where I left off when I was writing the Tech ...

Market Report: BlackBerry rumours engage Vodafone

The Independent - Toby Green - ‎Oct 4, 2011‎
With a shell-shocked top-tier index plummeting yesterday to its lowest level in 15 months, Vodafone was on the slide as speculation spread it could be eyeing up the BlackBerry manufacturer Research in Motion (RIM). ...

What's Up With RIM? Icahn Again? Breakup?

Barron's (blog) - Tiernan Ray - ‎Oct 4, 2011‎
Shares of Research in Motion (RIMM) are setting up quite nicely this morning, considering its both a down day â€" the Nasdaq Composite Index off half a percent â€" and considering Apple (AAPL) is to host its iPhone briefing at 1 pm, ...

RIM cancels investment in Indonesia over tax issue

Telecompaper (subscription) - 7 Oct, 2011
Research In Motion (RIM) has cancelled its investment plan in Indonesia due to tax issues. RIM believes it would be taxed twice, both in Indonesia and Canada. However, Edy Putra Irawady, deputy coordinating economic minister for trade and industry said ...

 

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