John Paczkowski

Recent Posts by John Paczkowski

Cooperman’s Omega Advisors Snags Stake in RIM

Research In Motion has an influential new investor: Leon Cooperman, the billionaire former head of Goldman Sachs’ asset management arm and founder of hedge fund Omega Advisors.

Sometime earlier this fall, Omega picked up 1.425 million shares of the struggling BlackBerry maker, whose stock has been charting increasingly ugly 52-week lows recently. Indeed, RIM’s shares today closed at $17.58 after first plummeting to $17.17, a new 52-week low that dropped the company’s already much-diminished market cap south of $10 billion.

Now, 1.425 million shares isn’t a huge stake, by any means, particularly given the number RIM has outstanding. Still, it’s interesting that Cooperman has taken a position in the company. Perhaps he has some faith in RIM’s upcoming transition to BBX. That or he’s simply doing a bit of bottom-feeding …

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus