As the Street Considers Possible RIM (RIMM) Suitors, Investors Look Glum
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Investors in Research In Motion (Nasdaq: RIMM) are taking note of a DealBook article from late Wednesday which speculates on some possible suitors of the BlackBerry maker. The stock is up 0.4 percent to $14.30 at last check.
Although the article discusses challenges for a potential RIM bidder -- opposition from chiefs Mike Lazaridis and Jim Balsillie (collectively holders of more than 10 percent of the company), as well as the Canadian government -- the piece considers the likelihood of a proposal from each rumored candidate.
Dealbook calls the "most obvious suitor" a Chinese cellphone maker such as ZTE. Amazon (Nasdaq: AMZN) or a tie-up between Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK) as possible bidders were not thrown out either, however, the article seems to lean more toward a licensing deal with RIM rather than an outright purchase. Lastly, Dealbook believes Facebook could be a dark horse runner from RIM.
Dealbook seems to highlight the stubbornness of RIM's Balsillie and Lazaridis, pointing to the execs' recent comments which suggest they will indefinitely remain at the helm.
RIM shareholders are undoubtedly dealing with much frustration, but aren't they -- against the immovable duo -- ultimately standing by to watch the company crumble much the same as Balsillie/Lazaradis have/are...?
One saving grace for shareholders would be a favorable outcome from the ongoing review of the Co-CEO/Chairman roles. This review is on track to be completed by January 31, 2012. However, it doesn't appear that investors are holding their breath.
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Although the article discusses challenges for a potential RIM bidder -- opposition from chiefs Mike Lazaridis and Jim Balsillie (collectively holders of more than 10 percent of the company), as well as the Canadian government -- the piece considers the likelihood of a proposal from each rumored candidate.
Dealbook calls the "most obvious suitor" a Chinese cellphone maker such as ZTE. Amazon (Nasdaq: AMZN) or a tie-up between Microsoft (Nasdaq: MSFT) and Nokia (NYSE: NOK) as possible bidders were not thrown out either, however, the article seems to lean more toward a licensing deal with RIM rather than an outright purchase. Lastly, Dealbook believes Facebook could be a dark horse runner from RIM.
Dealbook seems to highlight the stubbornness of RIM's Balsillie and Lazaridis, pointing to the execs' recent comments which suggest they will indefinitely remain at the helm.
RIM shareholders are undoubtedly dealing with much frustration, but aren't they -- against the immovable duo -- ultimately standing by to watch the company crumble much the same as Balsillie/Lazaradis have/are...?
One saving grace for shareholders would be a favorable outcome from the ongoing review of the Co-CEO/Chairman roles. This review is on track to be completed by January 31, 2012. However, it doesn't appear that investors are holding their breath.
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