RIM Rumors Resurface
Rumors of a Research In Motion sale are swirling again.
Shares in the company rose some 5 percent Thursday on market chatter that it’s looking for buyers. The latest story making the rounds: RIM has hired Goldman Sachs to explore strategic options.
Is there any more truth to this rumor than the ones that preceded it? It’s certainly possible, though, as we’ve said before, RIM’s not a takeover target if no one wants it.
“There are several roadblocks that make an acquisition of RIM unlikely,” Morningstar analyst Michael Holt recently wrote. “We believe RIM should entertain all options at this point, given the serious challenges facing the firm, but there is little evidence to suggest RIM’s board is open to offers at this point in time.”
(Image courtesy of The Joy of Tech)