RIMM shares keep surging on the latest takeover rumor, now +14%, even though one analyst is...


RIMM shares keep surging on the latest takeover rumor, now +14%, even though one analyst is already calling any such a deal a pipe dream. Bernstein's Pierre Ferragu says any takeover is “unlikely,” given the lack of potential buyers with enough cash. With handset gross margin “collapsing” and sales unit growth coming at the expense of average selling price, the go-it-alone outlook also isn't bright.
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  • Spencer Knight
    , contributor
    Comments (389) | Send Message
     
    "saying it [RIMM] could fetch $45 a share..."

     

    $45/share is a pipe dream. Lower that to 20-25 and you have a 2% chance someone will buy the company.
    5 Oct 2011, 11:54 AM Reply Like
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