Friday, January 14, 2005

RIM stock rises on acquisition speculation | The Register

RIM stock rises on acquisition speculation | The Register: "Blackberry developer Research in Motion (RIM) could be the subject of a takeover bid, Goldman Sachs suggested this week after dubbing the company a 'very attractive' acquisition.
The report helped push RIM shares up 7.4 per cent on speculation that there may be more to the investment bank's comments than meets the eye. On Nasdaq, RIMM stock closed at $78.44, up from the previous day's closing price, $73.02.
Yesterday's closing price values RIM at $14.7bn.
GS' report mentions two possible suitors, Nokia and Motorola, which might be interested in RIM to boost corporate sales."

Meanwhile, see this Fortune article -- "Has Nokia Lost It?" -- for more on Nokia's recent challenges.
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