“At the moment, stock market chatter around Research In Motion puts the company in one of its vulnerable periods – to the extent a national champion with a $38.5-billion market cap can be considered vulnerable to a takeover,” Andrew Willis reports for The Globe and Mail.
MacDailyNews Take: $38.5 billion? How quaint.
Willis continues, “Specifically, there’s talk on trading desks that with RIM shares changing hands at a relatively modest 15 times its forecast earnings, and half the levels seen in 2008, big dogs such as Microsoft are sniffing around… There’s also nothing right now to suggest talks are actually taking place between RIM and a potential suitor. Steve Ballmer hasn’t been seen skulking about Waterloo, and even if he was, it wouldn’t mean much, as the Microsoft CEO is a frequent visitor to Canada’s top tech university, just down the road from RIM’s head office.”
Willis reports, “However, there is a great deal of noise.”
Full article here.
MacDailyNews Take: Do it, Mr. Ballmer. Hasten RIM’s inevitable decline. We know you can do it!