Holder Jaguar Financial Tells RIM (RIMM) Directors to Explore Strategic Alternatives
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Research In Motion (Nasdaq: RIMM) are continuing lower Tuesday morning despite comments from large shareholder Jaguar Financial which suggest the BlackBerry maker should explore all strategic alternatives.
Over the weekend, Jaguar urged RIM directors to consider and carry out a so-called value maximization process. Jaguar believes the strategic alternatives should include a possible sale of the entire company, or a monetization of its patent portfolio.
The fund cites recent stock underperformance, a lack of innovation, issues among top executives and recent consolidation in the mobile sector.
Just ahead of Tuesday's opening bell, shares of Research In Motion are down 2.1 percent to around $29.49.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Research In Motion.
Over the weekend, Jaguar urged RIM directors to consider and carry out a so-called value maximization process. Jaguar believes the strategic alternatives should include a possible sale of the entire company, or a monetization of its patent portfolio.
The fund cites recent stock underperformance, a lack of innovation, issues among top executives and recent consolidation in the mobile sector.
Just ahead of Tuesday's opening bell, shares of Research In Motion are down 2.1 percent to around $29.49.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Research In Motion.
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