1. ADozenEggs@aol.com's Avatar
    RIM Gains on Report of Samsung Interest
    Q
    By Scott Moritz - Jan 17, 2012 11:53 AM ET


    Research In Motion Ltd. (RIM), maker of the BlackBerry smartphone, advanced as much as 6.7 percent after a report that Samsung (005930) Electronics Co. may be interested in buying the company.

    RIM rose 5.6 percent to $17.08 at 11:52 a.m. New York time after rising as high as $17.25. Samsung may be interested in buying RIM, and no deal has been made because Waterloo, Ontario- based RIM is asking too much, the blog BGR reported today, citing sources it didnt identify.

    Buying RIM would give Samsung e-mail and messaging technology and bolster its U.S. market share as it seeks to stay ahead of Apple Inc. (AAPL) RIMs stock dropped 75 percent last year as new BlackBerry models with touch screens and upgraded browsers failed to stop customers from opting for Apples iPhone and devices built on Google Inc.s Android program, which include Samsungs Galaxy handsets.

    Tenille Kennedy, a spokeswoman for RIM, declined to comment. Ashley Lane, a Samsung spokeswoman, wasnt immediately available to comment.

    RIMs share of U.S. mobile-phone subscribers in the three months through November dropped to 6.5 percent from 7.1 percent in the previous quarter, according to research firm ComScore Inc. Samsung, based in Suwon, South Korea, increased to 25.6 percent from 25.3 percent, and Apple gained 1.4 percentage point to 11.2 percent.

    RIMs stock has jumped at least 5 percent more than 10 times since the beginning of August on speculation a decline in its valuation will invite a takeover.

    To contact the reporter on this story: Scott Moritz in New York at smoritz6@bloomberg.net

    To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net

    Link to article:

    RIM Gains on Report of Samsung Interest - Bloomberg
    01-17-12 12:43 PM
  2. howarmat's Avatar
    01-17-12 03:18 PM
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