Research In Motion Limited (USA) (NASDAQ:RIMM) Bid Unlikely: Macquarie

0
Research In Motion Limited (USA) (NASDAQ:RIMM) Bid Unlikely: Macquarie
<a href="https://pixabay.com/users/user1462590383/">user1462590383</a> / Pixabay

Research In Motion Limited (USA) (NASDAQ:RIMM) (TSE:RIM) shares rose more than 8 percent this morning in U.S. trading, a day after the stock soared in Canada as well. Investors are likely buying on the news that the company could be bought out at $20 per share. Investors are also looking ahead with bright expectations at the unveiling of the BlackBerry 10, which will happen in about a week. Reports indicate that Research In Motion Limited will enable BlackBerry email on Android devices and the iPhone.

Research In Motion Limited (USA) (NASDAQ:RIMM) Bid Unlikely: Macquarie

Today MarketWatch reports that analysts at Macquarie believe that a buyout of Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) is “unlikely.” CEO Thorsten Heins reportedly told a newspaper in Germany that the company might license its software or sell its handset business. RIM has been reviewing its strategy since last May.

These Are John Buckingham’s Stock Picks For 2021

John Buckingham Stock PicksThe economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More


Analysts at Macquarie say the upwards revisions to the company’s May quarter and its 2014 fiscal year and a BlackBerry 10 launch that is expected to be strong have pushed the stock “close to being fully priced.”

“Given the ongoing price negotiations between Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) and carriers on service fees, we think it would be nearly impossible for a financial or strategic buyer to currently value RIM’s services annuity,” the analysts told MarketWatch.

Meanwhile Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) has announced that it received more than 19,000 applications for its Built for BlackBerry program, so it is extending the deadline according to TechCrunch. The program is designed to showcase certain apps for additional marketing if they pass “an added level of evaluation.”

No posts to display