RIM shares jump more than 14 pct on takeover talks

Reuters

Shares of Research In Motion (Ontario, Canada) jumped more than 14% on Wednesday morning on takeover speculation a day after the BlackBerry maker fell below $20 for the first time in almost six years. 

The stock jumped $2.95 to $23.95 on the Nasdaq by 11 a.m., with a market report from British newspaper The Independent citing unsubstantiated talk that Vodafone (London, England) could consider buying RIM.

RIM's stock had jumped nearly 10% on Tuesday on speculation it had hired an investment bank, before retracting and then clawing back some gains after Apple's new iPhone launch event failed to impress investors.

RIM, best known for its development of the blackberry, has been struggling to complete against other vendors, specifically against the Apple iPhone and Google Android.  In July the company announced its plans of laying off 2,000 of its employees 

Vodafone, who has been breaking into emerging markets to make up for weak economies around Europe, had just announced the launching of an R&D center in Silicon Valley.

(Reporting by Alastair Sharp)

Related Articles

Vodafone launches R&D Center in Silicon Valley

AT&T, Verizon, Vodafone report Q2 financial results

ArticleTools

Featured Reports

Geo IoT Outlook: Technologies, Services, Applications

Geo IoT is anticipated to move well beyond simply the ability to determine proximity for commerce and various retail applications. Longer term, presence detection and location determination will be a critical aspect of IoT privacy, security, and preference management for both consumer and industrial applications. 
Buy now

 

DAS Market Analysis and Forecasts 2016 - 2021

Analysis of the DAS market, including carrier WiFi, small cells, and SON, and the leading companies in the DAS ecosystem and their solutions.  The report also includes evaluation of market drivers, challenges, and provides forecasts for 2016 to 2021.
Buy now

 

NextGen Network OSS/BSS Forecast 2016 - 2021

Comprehensive coverage of NGN OSS/BSS including opportunities within Big Data and IoT, analysis of the drivers and issues related to the technical and business aspects of OSS/BSS, deployments and operations issues, and quantitative analysis with forecasts for anticipated growth through 2021.
Buy now