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The report that RIM nixed takeover queries from Amazon (AMZN) and others only confirms that RIMM...

The report that RIM nixed takeover queries from Amazon (AMZN) and others only confirms that RIMM management is "ignoring both reality and the need to act as shareholder fiduciaries," Eric Savitz reacts. "I’m actually not sure what is more shocking: the idea that Amazon was interested in buying RIM, or the fact that RIM cut them off and said no."
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Comments (11)
  • Brandon Gibbs
    , contributor
    Comments (225) | Send Message
     
    or the fact that shares jumped after the news... ???
    20 Dec 2011, 06:32 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2610) | Send Message
     
    Remember when Yahoo said no to Microsoft's $31 a share offer a few years back? This is like that, expect at the rate things are going for RIM, they wont be around in 4 years to consider selling the firm at half the price.
    20 Dec 2011, 06:32 PM Reply Like
  • Tom Armistead
    , contributor
    Comments (5413) | Send Message
     
    Reminds me of when Jerry Yang resisted selling Yahoo. It turned out they would have been better off to sell out while they still had something to sell.
    20 Dec 2011, 06:33 PM Reply Like
  • alx.botelho
    , contributor
    Comments (64) | Send Message
     
    Actually, with Bezos at the helm, it could become quite a company... The BB brand still has some value and RIMM is not that bad with hardware...+ patents... And RIMM has some knowledge regarding security that could become valuable for AMZN...
    20 Dec 2011, 06:34 PM Reply Like
  • tiger8896
    , contributor
    Comments (629) | Send Message
     
    Reminds me of the Icahn rumors of a couple of months ago that were false, Icahn said Rimm was never on our radar in a condescending manner. An Amazon/Rimm merger would be a stretch, so it's my guess that the story is a pump and dump by traders that are long Rimm and are looking to scalp a few points on this rumor.
    20 Dec 2011, 07:00 PM Reply Like
  • Financial Insights
    , contributor
    Comments (955) | Send Message
     
    Shares jumped because that means a hostile takeover isn't out of the question. The two founders will never give up control of their company, due to their arrogance and hubris that prevents them from admitting they screwed everything up. Not to mention, they started the company so they probably think they can turn it around. Sorry boys not going to happen.
    20 Dec 2011, 07:03 PM Reply Like
  • 944761
    , contributor
    Comments (1159) | Send Message
     
    you're half right, the founders messed up.
    can they turn it around? God only knows and you are not God.
    20 Dec 2011, 09:03 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    PALM and YHOO take two. The CEO's will leave a legacy of poor decisions, the biggest being rejection of a buy-out, if in fact that actually did happen.
    20 Dec 2011, 07:44 PM Reply Like
  • nehoffman
    , contributor
    Comments (3) | Send Message
     
    By no account was there an offer. Epic pump and dump. Grats to the person that pulled this one.
    20 Dec 2011, 10:58 PM Reply Like
  • BadCop_NoDonuts
    , contributor
    Comments (482) | Send Message
     
    just a chance to buy more puts!
    21 Dec 2011, 12:22 AM Reply Like
  • Z-Tranche
    , contributor
    Comments (7) | Send Message
     
    RIMM is full of great ideas that never come to fruition. Still riding the waves of yesteryear, shareholders with significantly long positions can only hope for an acquisition to salvage their investment.
    21 Dec 2011, 03:37 AM Reply Like
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