Apple Tankwatch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch

AAPL 275.53

+0.4%

10:21 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: zax	6/29/2012 3:29:36 PM
	of 32692

RIM rejected offer from Microsoft, but 60% drop in share price may prove convincing June 29, 2012 \| By Surur wmpoweruser.com wmpoweruser.com Information Week reports that Microsoft has approached RIM earlier this year proposing a Windows Phone partnership, but that the offer was rejected. The talks occurred after RIM co-chiefs Jim Balsille and Mike Lazaridis were forced out in January and would have seen RIM drop their OS in favour of Windows Phone. RIM in the end decided to go it alone. That decision was however made when RIM’s share price was still a lofty (in hindsight) high of $17.84, rather than a low of $7.44, down close to 60%. The company is said to be under renewed pressure to seek other alternatives in the wake of the company’s announcement that BlackBerry 10 would be delayed until 2013. RIM shares plunged almost 18% in morning trading Friday, to $7.94. "They need to get to a strategic decision soon," said Wedbush Securities analyst Scott Sutherland. "Even though it may cause some near-term pain if you separate the business, it might be the best course of action," he said, according to Reuters. Do our readers think RIM will come crawling back? Let us know below.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next