Research In Motion (RIMM +9.6%) is taking off in the absence of major news. M&A speculation...


Research In Motion (RIMM +9.6%) is taking off in the absence of major news. M&A speculation has been swirling around the company in recent days - yesterday morning, Jefferies argued Samsung could be interested, while a columnist from The Street made the case for Facebook - but this has been going on for a while. RIM had a short ratio of 3.6 as of July 13.
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Comments (3)
  • kherman
    , contributor
    Comments (862) | Send Message
     
    Not to shocked to see the street of all places be clueless. Facebook is already in bed with HTC. Why would they also want to buy RIMM?
    8 Aug 2012, 10:47 AM Reply Like
  • Josunsaram
    , contributor
    Comments (4) | Send Message
     
    So we should have shorted this morning. It could still go down to below $5 eventually.
    8 Aug 2012, 11:19 AM Reply Like
  • Chris Lau
    , contributor
    Comments (3979) | Send Message
     
    I just posted a (FB) piece that was approved for publication this am. The company only has around $6.3b in cash, 10.2b in cash assets. They still have to close instagram, won't be able to raise additional cash (unless they draw from a credit facility) to buy (http://bit.ly/pVDN8c).

     

    Would buying RIM force (http://bit.ly/pFSoX2) and Android to have a better app for FB? There are better ways to make a better mobile FB app than to buy out RIM.

     

    It only makes sense to buy RIM if FB thinks a superior email experience is of higher value. Alternatively, if FB wanted to integrate BBM music and offer that as a premium service, shutting out everyone else...that's a way to monetize $5/mo per user x 10m RIM fans on facebook = 600m/year in revenue.

     

    bbm music http://bit.ly/O3DBOU
    8 Aug 2012, 11:54 AM Reply Like
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