“Shares of Research In Motion jumped more than 6 percent on Tuesday on market speculation that activist investor Carl Icahn had taken a stake in the struggling BlackBerry maker,” Alastair Sharp reports for Reuters.
“Traders ‘are saying Icahn has taken a stake, but nothing is confirmed,’ BGC Partners tech analyst Colin Gillis told Reuters, as the shares rose $1.42, or 6.5 percent, to $23.04 on the Nasdaq,” Sharp reports. “Icahn’s office and RIM were not immediately available for comment.”
Sharp reports, “If Icahn takes a stake in RIM, he would likely seek a seat on the board and agitate in favor of strategies that unlock value for shareholders such as a break-up of the company or outright sale.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Kewo62” for the heads up.]
…start picking apart the body before it’s even dead!
Icahn is no white knight, he’s a world class vulture.
RIM doesn’t even have a slight chance of surviving now.
Time for RIM to SWIM or drown.
Ask former TWA employees what they think of Carl Icahn!
RIM sleep with this dog, don’t be surprised when you awake with fleas.
Now, if Apple could manage to snag some of those patents, when the parts are sold off.
They think it is hard competing now. Just wait till Icahn is on the board. It will be like having a Tasmanian Devil after them 24/7.