RIM (RIMM +4.3%) has shot higher after Lenovo (LNVGY.PK) CFO Wong Dai suggests his company is...

RIM (RIMM +4.3%) has shot higher after Lenovo (LNVGY.PK) CFO Wong Dai suggests his company is open to buying RIM. "We are looking at all opportunities -- RIM and many others" spoke Dai at Davos, while noting RIM's run-up makes a deal more expensive. The comments come shortly after Thorsten Heins mentioned the possibility of selling RIM's hardware ops, something a Canadian government official didn't sound enthusiastic about. Lenovo's smartphone sales have surged lately.
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Comments (9)
  • hsd2
    , contributor
    Comments (15) | Send Message
    Even though he's trying to play the "RIM's run-up makes the deal more expensive" card- he can't stop the rumors from hyping up the stock and launching it much higher, making the deal even more "expensive" for any buyer.
    24 Jan 2013, 11:58 AM Reply Like
  • A good year
    , contributor
    Comments (237) | Send Message
    the time to buy RIM was five months ago plus RIM won't be acquired by a Chinese company US and CDN Govt. won't allow it
    24 Jan 2013, 01:07 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
    Like the US governments didn't allow IBM to divest to Lenovo or what?
    24 Jan 2013, 02:56 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (7201) | Send Message
    Agree. And it is ironic to think that (RIMM)'s survival is partly due to its security. So that security is going in the hands of the Chinese?
    24 Jan 2013, 04:08 PM Reply Like
  • LYogi
    , contributor
    Comments (3199) | Send Message
    RIM's software is too valuable to fall into foreign hands, or so the Canadian Prime Minister would have believe.


    Don't get caught short on this stock
    24 Jan 2013, 02:18 PM Reply Like
  • k2media.ca
    , contributor
    Comments (2) | Send Message
    I herd today from some Pro Apple Analyst that the Canadian government would never allow a deal go through with a company from China.


    This is wrong, maybe true in our resource sector. The Canadian government has contracts already with Chinese companies for mobile wireless towers and mobile technology in Canada.
    24 Jan 2013, 03:08 PM Reply Like
  • kherman
    , contributor
    Comments (863) | Send Message
    News: people that own RIMM wont let it go for under 30. I don't care where current quote is.
    24 Jan 2013, 03:08 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
    I agree with some of the comments here. I can't see a Chinese company being allowed to buy RIMM with all of the recent concerns of Chinese companies and security issues.
    24 Jan 2013, 03:43 PM Reply Like
  • LYogi
    , contributor
    Comments (3199) | Send Message
    It now sounds more along the lines of a potential deal to license the software
    24 Jan 2013, 10:49 PM Reply Like
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