Research in Motion (RIMM) Dec volatility at 57 into $1.2B share repurchase; EPS in mid Dec
Research in Motion (Nasdaq: RIMM) is recently trading at $58.50 in pre-open trading, above its close of $57.61. RIMM authorized a share repurchase of up to $1.2B. The Wall Street Journal's Heard on The Street this morning asked "Is smart-phone BlackBerry in danger of becoming the AOL of the mobile-device market?" RIMM is expected to report Q3 EPS on December 17. RIMM November option implied volatility is at 48, December is at 57; verses its 26-week average of 51, according to Track Data. Paul Foster
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