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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (37565)	10/6/2000 12:07:57 AM
From: Shadowed	Respond to of 57584

Rumors Of Nokia Takeover Bid Boost Research In Motion By STUART WEINBERG Of DOW JONES NEWSWIRES TORONTO -- Shares of Research In Motion rose 7.5% to 114.00 on Nasdaq Thursday, a jump that one fund manager attributed to rumors that the company may be a target of Nokia Corp. (NOK). "There's a rumor that Nokia is interested in buying Research In Motion," said Peter Hodson, portfolio manager at Synergy Mutual Funds. "That's what our trading desk has picked up." Officials from Research In Motion and Nokia Corp. weren't immediately available for comment. Banc of America analyst Rob Sanderson said he believes that the rumors are false. "That's just chatter," he said. "There has always been talk of the big three guys (Nokia, L.M. Ericsson Telephone Co. (ERICY) and Motorola Inc. (MOT)) moving in, and it in some way makes sense on their side, but the reality is that Research in Motion's not ready to sell." Bob McWhirter, portfolio manager at Triax Investment Management, said rumors that Research In Motion is in play have been floating around for the past six weeks, adding that "it's the first time I've heard a specific name attached to it." McWhirter said the rumor has some logic to it as Research In Motion is attempting to bring a voice-enabled personal digital assistant to the European market by the end of calender 2000. He noted that Palm Inc. (PALM) recently partnered with Motorola, so a linkup and/or a purchase by Nokia of Research In Motion makes sense.