Shares of Research In Motion rose sharply on Wall Street on Tuesday amid speculation that billionaire US investor Carl Icahn has taken a stake in the troubled BlackBerry maker.RIM shares were up 6.32 percent at $23.05 in early afternoon trading.Icahn's office did not respond to requests for comment and filings with the US Securities and Exchange Commission did not reveal any major purchases of RIM stock."It's unconfirmed," Jefferies analyst Billy Kim said of market rumors that Icahn had bought a stake in RIM.
Cameron Kaine submits:
Shares of Research In Motion (RIMM) has been "on medical leave" for quite some time; and this was long before the company's COO, Don Morrison, one of RIM's three chief operating officers, was announced t
Saj Karsan submits:Research in Motion (RIMM) co-CEO Jim Balsillie is very bullish about his company's prospects in the second half of RIM's fiscal year (i.e. starting around August/September of 2010). He has been touting this time period for several months now on company conference calls, with comments like:
Blackberry smartphone maker Research in Motion (RIM) announced Thursday it would buy back 1.2 billion US dollars worth of its stock to prop up the sagging share price amid heightened competition.The buyback of some 21 million common shares or about 3.6 percent of its currently outstanding shares would commence on November 9 and continue over the next 12 months.RIM shares have plummeted more than 30 percent since late September, after management reported disappointing quarterly results.