According to Traders, RIM's stock rose to a record today on speculation that Research in Motion (or somepart of RIM) is going to be acquired by Microsoft. Bloomberg.com has the Details.
RIM's stock gained $3.13, or 3.8 percent, to $84.95 at 11:21am this morning (New York Time) and earlier climbed as high as $85.
Steve Sachs, head of trading at Rydex Investments in Rockville, Maryland told Bloomberg, "We're hearing the same rumor everyone else is, the Microsoft and RIM rumor. I can't even count the number of times we've heard that over the last three years."
"There's a rumor Microsoft is going to acquire some or part of RIM, and that may be what's driving the stock up,'' Greg Palmer, head of equity trading at Pacific Crest Securities Inc. in Portland, Oregon also told Bloomberg. "But it doesn't make sense because they've already got a handheld product.'
Seems Crazy to me. What would RIM go for? 1.1 Jillion Dollars?! The real story here is, do you own RIM stock? Maybe it's time to buy some!
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6 comments
I'm no so sure about this, although something that does sound reasonable would be that fact that RIM and MS are in talks about possibly bringing the BB services to WM devices we already know that some WM6 devices will be getting blackberry connect, plus we've seen the pics where you can transform WM to a BB interface, so overall the only way I could see this happening would be if RIM and MS came to an agreement on the BB connect on WM devices and part of that agreement was RIM shares...but to be wholly aquired by RIM, sounds weird too me.
As a pervious WM6 user and a new BB user, this better not happen. WM is a very unstable OS. Alot of people would be extremely disappointed.
If Microsoft gets their claws into BB it will never be the same again! The battery life will suck, it will crash constantly, lock up like a muther and so on!!!!! Leave RIM alone!
I just got my new BB i dont want to go back to palm!!! if M$ moves in i might have to. i need something that works at least most of the time. every one quick buy as much RIM stock as you can, if its not for sale they cant buy it. lol
iPhone time awww yeah :D
Microsoft acquire RIM? That'll ruin the Blackberry for sure.