When the facts change, I change my mind. What do you do? – J.M. Keynes
RIM shares are on a tear. Shares are up nearly 50% since reaching a low set August 9. Even after ignoring the August 9 - August 11 market sell-off, shares are up 35.6% from the start of the month. Will shares rise further? The company was last assessed as bottoming due to BlackBerry 7 and takeover speculation.
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.