Research In Motion (RIMM) Blows-Off Downgrade, Shares up 3% On Renewed Takeover Talk
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Research In Motion Ltd. (Nasdaq: RIMM) is blowing-off this morning's downgrade at Susquehanna, as takeover talk surfaces again in the smartphone name.
Shares are up 3% in early-morning trading on talk Microsoft (Nasdaq: MSFT) could finally be interested in launching a bid for RIM. This talk has been out before and was shot-down by a number of analysts. But a deal between the two makes sense on the surface, so it will likely keep coming up as shares of RIM under-perform.
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