Research In Motion stock rose 14% on the news of these rumors and it's not exactly the first time RIMM has gone up strictly based on acquisition rumors. Some investors have faith in RIM, while others are it seems, hoping someone steps in for an acquisition.
No matter how you look at the situation, the fact people are so fascinated with each and every RIM acquisition rumor that comes out, and the fact their stock either goes up or down depending on whom it is suggested as being the one to take over is interesting to watch. It shows you many people are still interested in RIM and their future as a whole.
via: BGR
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How this form of insider trading on RIM and Apple stock became so common
There was a story published by Reuters today talking about a former AT&T executive who has pleaded guilty to conspiracy to commit wire and securities fraud. Alnoor Ebrahim, 57, apparently got himself involved in a highly enticing and all-too-common illegal practice over the last few years. Besides poor ethics, this boils down to heavy use of expert networks by hedge funds, and...
Here's what RIM's CEO commentary means in plain english...
Today RIM released a business update in the form of a press release. CEO Thorsten Heins does a nice job of providing the straight-up goods without a lot of filler. There were a few bullet points about how successful BlackBerry World was, and some positives on developer engagement. That's the sugar coating. The rest of the news just shows us how tough business is on RIM. First, and...
Press Release: Research In Motion CEO Provides Business Update
As we saw earlier today RIM may have another inventory write down when they report their earnings later next month. This afternoon trading of RIM stock has been halted, which is a sure sign of big news as well. As noted in the release below, RIM has hired J.P. Morgan Securities and RBC Capital Markets to help with "strategic review" and "opportunities to leverage the BlackBerry...
So you're thinking of buying RIM stock, eh?
Everyone knows RIM stock has been beat up lately. Completely FUBAR. It's to the point where I'm regularly fielding emails from folks asking me about it. And in Skyping with Kevin recently, he's seeing the exact same thing. So this post is all about the stock. The first thing I want to make absolutely sure people (mostly newbies) understand is that RIM isn't "cheap" just because...