Friday, August 10, 2012

News of the approach sent RIM's shares up 9pc in early trading

News of the approach sent RIM's shares up 9pc in early trading, before closing up 6.2pc. Analysts estimate the sale could net RIM between $1.5bn (£957m) and $2.5bn but it would leave little left to pick over at the company.

Such a deal would effectively reduce the Canadiancompany to its handset unit, whose fortunes have declined sharply since RIM's 2009 heyday, when BlackBerry devices accounted for one in every five mobiles sold. "You can only view the handset division as in a death spiral," said Frank Marsala, an analyst at Gartner. 



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