“Shares In Research in Motion had their largest single-day gain in more than two years on Wednesday as a report suggested cellular carrier Vodafone may be interested in the company,” Pete Evans reports for CBC News.
“The Wall Street Journal’s market blog reported Wednesday on speculation that London-based Vodafone might purchase the smartphone maker,” Evans reports. “RIM shares ended the day up more than 10% at $24.49 a share on the TSX.”
Evans reports, “Rumours of a takeover by Microsoft and Oracle have been circulating for years. No concrete offers have materialized… Before Wednesday’s trading, RIM had seen its share price tumble by more than 70% in the last 12 months… Northern Securities analyst Sameet Kanade says he doubts Vodafone or any other carrier is an ideal dance partner for RIM, because that would tie their hands in trying to offer other phones on their network.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Sitruc” for the heads up.]
Lol. Do they have a usable Internet browser?
1. The rumour is stupid.
2. Vodafone own 45% of Verizon Wireless.
1a. (Unless the sale price is super cheap.)
Vodafone are now London based ?
When I drove past this morning, Vodafone’s headquarters were still in Newbury, England.
Still is. Should Vodafone leak ‘we’re not buying a stormy company’ ? You know.. To be aligned with the social hype.
On the good old A34, near the am radio black out spot ( no joke)
AM radio ? How quaint 🙂
It’s not that much better for FM reception round here either.
Looks the the dual CEOs are leaking rumors to pump the stock before jumping in their golden life rafts… the RIM Titanic is sinking
Vodafone’s survey said 42% of smartphone customers want a clicky touchscreen BB.
Makes sense Canada and England share a strong relationship.
God Save the Queen.
Makes more sense that some entity wanted to dump their RIMM stock and floated the rumor.
Vodafone takeover rumors = classic pump & dump trick
Wall Street = Las Vegas (with less consumer protection)
RIM = DCW