RIM's stock raises 9% with News of Possible Takeover
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Thread: RIM's stock raises 9% with News of Possible Takeover

  1. #1
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    RIM's stock raises 9% with News of Possible Takeover


    The Toronto Star has reported that Research in Motion, make of our beloved BlackBerry's, has received a 9% stock raise in anticipation of a takeover. They also mention that this 9% increase is also possibly due to the recent announcement of job cuts by RIM and rumors that Apple Inc.’s latest iPhone may be late to market.

    After receiving a hard blow in the 1st quarter of 2011, it seems that RIM might be floating above water now. Above water long enough to sell and get off the raft. Who would be the company to buy out RIM? Who they keep the line and try to build it up or would they liquidate and kill off the BlackBerry? Will Jim and Mike, CO-CEO's of RIM, let RIM go without a fight?

    This is what the Star had to say:
    Paul Taylor, chief investment officer at BMO Harris Private Banking in Toronto, said bargain hunting investors may have rediscovered RIM after the stock was “vastly oversold” and emerged as a favorite target of short sellers.

    He also said any takeover of RIM would likely involve a hostile pursuit, given that the company’s co-chief executives say they are more committed than ever to turning RIM around as a free-standing entity.

    Other analysts said while they recognize that RIM has valuable assets, the deteriorating BlackBerry brand makes a near-term buyout unlikely.
    I guess we will just have to sit and see what happens, however the minute something does happen we will make sure you know about it!

    The Full Star Article:
    After two bruising trading sessions following a profit warning late last week, investors on Tuesday finally found some love for beleaguered BlackBerry maker, Research In Motion Ltd.

    Shares in the Waterloo-based company rose by more than 9 per cent to $27.74 in Toronto on takeover speculation, word of job cuts and rumours that Apple Inc.’s latest iPhone may be late to market.

    Click here for photos of the evolution of Blackberry

    RIM last week lowered is sales and earnings forecast for the full year partly due to delays in getting its latest generation of smartphones into consumer’s hands. The warning shaved more than 25 per cent off the value of RIM shares.

    The company also said it would reduce its staff of 17,500 but has withheld details, even after a Waterloo radio station said about 200 largely contract manufacturing workers were handed layoff notices on Monday. RIM has about 9,000 workers in Canada, including thousands in the southwestern Ontario city.

    Paul Taylor, chief investment officer at BMO Harris Private Banking in Toronto, said bargain hunting investors may have rediscovered RIM after the stock was “vastly oversold” and emerged as a favorite target of short sellers.
    He also said any takeover of RIM would likely involve a hostile pursuit, given that the company’s co-chief executives say they are more committed than ever to turning RIM around as a free-standing entity.
    Other analysts said while they recognize that RIM has valuable assets, the deteriorating BlackBerry brand makes a near-term buyout unlikely.
    But MKM Partners analyst Tero Kuittinen said Asian companies such as laptop maker Lenovo Group Ltd. may be interested.

    “Many of them have been unable to craft a credible smartphone strategy,” said Kuittinen, who added that RIM’s streamlining announcement was a signal to investors that it wants to conserve cash.

    “They want to convince people that they are not going to start burning cash even if they’re going through a rough period. That’s what they really want to make sure that Wall Street knows.”

    Analysts speculated in research notes this week that tech companies including Microsoft Corp., Apple, Dell Inc. and Oracle Corp. could take a run at all or part of RIM given that it is debt free, has a strong cash position, expects about $6 (U.S.) in per share profit this year — and because of the value of its unique and highly encrypted email messaging system that remains the standard for many corporations and governments.

    But analysts also pointed out that most of the companies cited are facing their own challenges, with Microsoft, for example, rumoured to announce layoffs with its earnings report in late July amid a tepid stock performance. PC maker Dell is a revenue-generating machine but the company carries more than $7 billion in long-term debt, while Apple may be facing headwinds in launching the next iPhone.

    Oppenheimer & Co. analyst Ittai Kidron cut his price target on Apple Tuesday and said the company may not release the next model until late September or October, which would lead to slower September sales.

    Kidron, who maintained his “outperform” rating on Apple, reduced his 12 to 18 month target on the stock to $420 from $450 and his expectations for iPhone sales in the quarter ending in September to 19 million units from 20.5 million units.

    On Thursday, as it announced fiscal first-quarter earnings, RIM cut 2012 earnings projections amid a loss of market share in the U.S. and as competition lowers prices for its devices in fast-growing Asian and Latin American markets.

    RIM blamed product release delays partly on difficulties in obtaining carrier certification for its new phones.

    As well, said co–chief executive Mike Lazaridis, “the features and performance arms race demanded that we upgrade the chipset and port BlackBerry to a higher-performance platform. This was an engineering change that affected hardware and software timelines and pushed out entry into carrier certification labs.”




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    Looks like the end is near...

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    Smart tactics!
    What's the best reply when things go a bit bad? Make it worse. People drop your shares, they become cheap and somebody else buy's them. The they are in demand and the price goes up, so everybody wants them again.
    Isn't that Share holding 101?
    I can't imagine a company like Apple, WM, or even Samsung or who ever, buy / take over RIM. The only reason I can think of why you should do that is to bring down the number of competitors, and is it worth the price? But then again, how many are there? Apple, and Nokia due to WM, because all the rest are smaller but running a certain OS like Android (Samsung, SonyEricsson etc).
    And there you see the problem, it's ALL about the OS, Android and iOS are still here. Specs don't really mind with those OS as the iPhone showed...
    Stop the delays, build a new OS and feed us with a regular flow of devices...

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    pepitadema is offline BlackBerryOS Noobie Follow pepitadema On Twitter
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    I will really miss bb if they crap out

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    I heard that Microsoft would be the most likely candidate to take over RIM being that much of Microsoft's base is business related.

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    Quote Originally Posted by Joe Jerde View Post
    I heard that Microsoft would be the most likely candidate to take over RIM being that much of Microsoft's base is business related.
    Imagine BBM integrated into Windows...

    WOW
    But yeah, I'll miss RIM as well
    Matrix Leader likes this.

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    Yah know, I am quite pissed about this story. We finally have a tad bit of decent news about the BlackBerry and Boy Genius did not report this store. He is making the BlackBerry look like **** by only reporting the bad. The flippin guy pisses me off!!!!

    /rant sorry!

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    Joe Jerde's Avatar
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    The more I think about it, the more I think that Google would also be in line for a RIM takeover. They are already almost integrated with their app store into QNX. Could mean more of a relationship between the two.

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    Quote Originally Posted by Joe Jerde View Post
    The more I think about it, the more I think that Google would also be in line for a RIM takeover. They are already almost integrated with their app store into QNX. Could mean more of a relationship between the two.
    I can't wait for the GoogleBerry to be released

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