RIM share plunge could prompt Microsoft bid

By CoolCatBad
in Back Page News

 Share

Recommended Posts

Grand Master

CoolCatBad

Posted
Posted

http://www.forbes.com/reuters/feeds/reuter...R-ANALYSIS.html

http://finance.google.com/finance?client=news&q=RIMM

TORONTO (Reuters) - The recent plunge in the market value of BlackBerry maker Research In Motion (nasdaq: RIMM - news - people ) could leave the company vulnerable to a takeover from a well-capitalized buyer such as Microsoft Corp.

RIM's shares, which were worth more than $148 on the Nasdaq market just four months ago, now are trading around the $60 mark amid the U.S. financial crisis and margin pressures the company is experiencing because of expenses related to launching new smartphones.

"RIM is a massive strategic fit" for Microsoft, said Canaccord Adams analyst Peter Misek. "I'm fairly certain they have a standing offer to buy them at $50 (a share)."

In that scenario, RIM would have to continue declining to at least $40, thus allowing an offer of $50 to stand as a premium bid.

At current levels of $60 a share, RIM has a market value of about $34 billion. An offer of $50 a share would value the company at just over $28 billion.

Veteran

d3nuo

Posted
Posted

hmm not good. this is one of the few companies that i hope doesn't go into Microsoft unless it's that or close. they're a good company in my opinion (despite the fact that i don't currently own nor have i ever owned a RIM product, although i am considering the Storm.) hopefully their stock goes back up!

Grand Master

Tech Star

Posted
Posted
microsoft aren't really interested in mobile hardware as they state over and over so i would reckon it's unlikely

They already bought Danger (makers of Sidekick), why not RIM?

Anyways as for the shares, the market is going down. RIM and every company should expect their stock price go down.

Grand Master

L3thal Veteran

Posted
  • Veteran
Posted

Why are "analysts" making rumors like this? Microsoft is not going to bid for RIM or anyone else. They just announced a $40b buyback on their shares which will see Microsoft borrowing money for the first time in ages to finance the buyback.

Microsoft is clearly spending its money on itself and they will not bid for RIM. He states that RIM is a "massive strategic fit" for Microsoft but does not explain why. He is a moron and knows nothing.

Grand Master

#Michael

Posted
Posted
Why are "analysts" making rumors like this? Microsoft is not going to bid for RIM or anyone else. They just announced a $40b buyback on their shares which will see Microsoft borrowing money for the first time in ages to finance the buyback.

Microsoft is clearly spending its money on itself and they will not bid for RIM. He states that RIM is a "massive strategic fit" for Microsoft but does not explain why. He is a moron and knows nothing.

So you are telling me that you are better educated on the market than an analyst working at Forbes. I highly doubt it and you made me really laugh at the statement. But I do agree that it would be a good fit. Microsoft has stated that they want to bring the zune interface to a phone. But they have no interested in building their own phones from scratch. What better way to do that then buy out a well known and very established company.

Collaborator

sourc3

Posted
Posted

The reason RIM is a good fit for MS is the use of the Exchange Server. Exchange Server runs on Windows. That means licensing for two big server products. Hence the fit. Microsoft does not care about blackberry, blueberry, whatever device. And yes they are buying back their own shares. Which is a good indicator that Microsoft thinks they will be making some good profit in the years to come. Instead of distributing part of the profit as dividends, they will be able to plow back more of that money back into business. This is usually a good sign of confidence on the company's part.

Experienced

suicide_pact

Posted
Posted

I can just see every time I reboot my BB having to wait to make sure my copy of BB is valid. And then of course if there's a problem the message will be to call Microsoft, meanwhile they'll have your phone locked so you can't make calls.

Rising Star

basix

Posted
Posted
I can just see every time I reboot my BB having to wait to make sure my copy of BB is valid. And then of course if there's a problem the message will be to call Microsoft, meanwhile they'll have your phone locked so you can't make calls.

Yes because this is already standard practice within the already huge clientbase of winmobile devices. Not! Even with modded ROMS floating in the wild MS has no interest in your theories. You should be more worried about the next BB service outage :whistle:

Grand Master

L3thal Veteran

Posted
  • Veteran
Posted
So you are telling me that you are better educated on the market than an analyst working at Forbes. I highly doubt it and you made me really laugh at the statement.

Oh yes, because we all know analysts know everything. Just like the idiot at Goldman Sachs that downgraded the whole steel sector yesterday after the sector has lost 70% of its value in the past 2 months. Lets not mention they rated the whole sector a buy in July when commodities hit a top and now they are downgrading it when we are about to hit a bottom. Very smart, eh?

If you follow the stock market and have half a brain, you will know that a lot of analysts know nothing (notice I said a lot, not all). Just this Wednesday a Citi analyst downgraded GM. Where the hell was this analyst for the past year? He was recommending it in the 40's and 30's and now he downgrades it to a sell when GM is at $5. If you followed these idiots and their recommendations, you would be selling GM at a 80% loss and the steel sector at a 70% loss.

Need I say more?

This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Posts

    • Microsoft confirms Recycle Bin bug across all versions of Windows

      By Usama Jawad96 · Posted

      Microsoft confirms Recycle Bin bug across all versions of Windows by Usama Jawad A couple of days ago, we reported that the latest Patch Tuesday update has seemingly resulted in a lot of issues for many users, including OneDrive and Dropbox access problems, BitLocker recovery lockouts, and BSODs. Although Microsoft is yet to acknowledge these bugs, it has confirmed another, relatively smaller issue across all supported versions of Windows. In an update on its Windows Release Health Dashboard, Microsoft has confirmed that after installing June's Patch Tuesday update (KB5094126), you'll experience unexpected behavior when leveraging Recycle Bin. Basically, when you attempt to delete an item from the Recycle Bin, the confirm dialog will show you the internal file name of that content rather than the actual name. For example, the file may be named abc.png, but the confirm dialog will ask if you're sure that you want to permanently delete $Rxxxxx.png from the Recycle Bin. This is pretty much it for the scope of the bug itself; it just displays the wrong name in the confirm dialog. The correct name will be shown in the list view of the Recycle Bin and if you restore the file, it will return with the correct name as well. This issue affects pretty much all supported versions of Windows client and server, including: Client: Windows 11, version 26H1; Windows 11, version 25H2; Windows 11, version 24H2; Windows 11, version 23H2; Windows 10, version 22H2; Windows 10 Enterprise LTSC 2021; Windows 10 Enterprise LTSC 2019; Windows 10 Enterprise LTSB 2016 Server: Windows Server 2025; Windows Server 2022; Windows Server 2019; Windows Server 2016; Windows Server 2012 R2; Windows Server 2012 As things currently stand, Microsoft is working on a concrete solution that will be released in a "future" Windows update. It remains to be seen if the firm will wait till the next Patch Tuesday or roll out an out-of-band (OOB) fix. The good news is that commercial customers can deploy a workaround right now, but they will have to reach out to Microsoft Support for Business for additional details.
    • We now know when and how the Universe may truly end

      By Mindovermaster · Posted

      They said by this time everyone will have flying cars. WELL...
    • We now know when and how the Universe may truly end

      By +TRS-80 · Posted

      A study by physicist Henry Tye of Cornell University suggests that the universe may not expand forever. Instead, it could eventually stop expanding, begin contracting and end in a "Big Crunch" roughly 20 billion years from now. Maybe not as we now know that time can flow backwards.
    • We now know when and how the Universe may truly end

      By Pishaw · Posted

      Of course. Simply reverse the polarity.
    • The quantum search for Time's origin had an equally mind-boggling conclusion

      By +TRS-80 · Posted

      It is clear from this aricle that "Time Is On My Side" no matter which direction it is flowing., https://noai.duckduckgo.com/?i...m%2Fwatch%3Fv%3DsEj8lUx0gwY

  • Recent Achievements

    • Reacting Well
      BizSAR earned a badge
      Reacting Well
    • First Post
      AndreaB earned a badge
      First Post
    • Week One Done
      Huge Trailer earned a badge
      Week One Done
    • Week One Done
      Classifyskilleducation earned a badge
      Week One Done
    • One Month Later
      eurospharma62 earned a badge
      One Month Later

  • Popular Contributors

    1. 1
      +primortal
      577
    2. 2
      +Edouard
      183
    3. 3
      PsYcHoKiLLa
      75
    4. 4
      Michael Scrip
      72
    5. 5
      neufuse
      64
    Show More

  • Tell a friend

    Love Neowin? Tell a friend!